BEDS3
BATHS2
SQUARE FEET3,008
MLS#202611651
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCheney
SCHOOLCheney
Property Description
This has the potential to pencil out attractively based on current rents & its fully occupied! This PRIME income-producing property DIRECTLY across from Eastern Washington University in Cheney, WA! This rare triplex for sale near EWU sits on a corner lot just steps from campus - just across the grounds to Showalter Hall and 2 minutes to Downtown Cheney restaurants, bars, and shops. Recent Updates include a new 2025 roof, exterior paint, new LVP flooring, and interior paint. This is one of the closest multifamily investment properties available near the school, making it ideal for a long-term investment, student housing, 1031 exchange, house hacking, and buyers seeking cash flow and long-term appreciation. This registered historic triplex features separately metered units, campus views, mature trees, and off-street parking for each unit. Gross monthly rental income is $3,250/Mo (Unit 323: $1500, Unit 325: $900, Unit 321: $850/Mo)
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial, Partially Finished, Rec/Family Area, Laundry, Walk-Out Access
Garage: 1
Lot Size: 0.17 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $3,815
Year Built: 1895
Feature Descriptions
Association Amenities: Laundry, None
Days on Site: 104
Exterior: Stucco
Heating/Cooling: Electric, Forced Air, Ductless
Interior: Pantry, In-Law Floorplan
Lot: Treed, Level, Corner Lot
Parcel#: 13132.1005
Parking: Detached, Off Site, Alley Access
Parking Space(s): 3
SQ. FT. Total: 3008
Local Schools
High School: Cheney
Middle School: Cheney
Elementary School: Betz
School District: Cheney
Listed By / Shown By
Listed By
Agency Name: Windermere City Group
Shown By
Agent Name: Morgan Baxter
Agent Phone: (509) 590-9614
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 1,349.98 per month $912.48 Principal & Interest $317.92 Property Tax $119.58 Homeowner's Insurance
323 5th St | MLS# 202611651
This multi-family property located at 323 5th St, Cheney, WA 99004 is currently listed for sale with an asking price of $410,000. 5th St is located within the Cheney school district. Search Cheney real estate on mbaxter.cbspokane.com today.