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323 5th St

Cheney, WA 99004
  • $410,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: 202611651
$410,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,008
    SQFT
  • $136
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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 - 1 minute walk to Showalter Hall and 2 minutes to Downtown Cheney restaurants, bars, and shops. One of the closest multifamily investment properties currently available to Eastern Washington University, ideal for student housing, college rental, off-campus housing, buy-and-hold investors, or 1031 exchange buyers seeking cash flow and long-term appreciation. This registered historic triplex features separately metered units, campus views, mature trees, covered porches, and off-street parking for each unit. New 2025 roof, exterior paint, and LVP flooring in 2020. Rare Cheney WA multifamily in a high-demand EWU rental market in Spokane County. Home Warranty Provided!!

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© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-02-10T00:20:29.943.
www.teambrownrealty.com/homes/172672834
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323 5th St Cheney, WA 99004

  • Price: $410,000
  • Status: Active
  • On Site: 7 Days
  • ID#: 202611651
0
Beds
0
Baths
0
½ Baths
0.17
Acres
3,008
SQFT
$136
$/SQFT
1895
Built
Neighborhood:
Cheney
County:
Spokane
Area:
A420/096
Elementary School:
Betz
Middle School:
Cheney
High School:
Cheney
School District:
Cheney
Property Description
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 - 1 minute walk to Showalter Hall and 2 minutes to Downtown Cheney restaurants, bars, and shops. One of the closest multifamily investment properties currently available to Eastern Washington University, ideal for student housing, college rental, off-campus housing, buy-and-hold investors, or 1031 exchange buyers seeking cash flow and long-term appreciation. This registered historic triplex features separately metered units, campus views, mature trees, covered porches, and off-street parking for each unit. New 2025 roof, exterior paint, and LVP flooring in 2020. Rare Cheney WA multifamily in a high-demand EWU rental market in Spokane County. Home Warranty Provided!!
Exterior Features

Architectural Style Other Construction Materials Stucco Lot Features TreedLevelCorner Lot Parking Features DetachedOff SiteAlley Access Parking Total 3 Road Frontage Type City StreetPaved Road Roof Composition

Interior Features

Additional Dining Features InformalKit Eat Sp Additional Primary Bedroom Features Dbl Clst1/2 BathBsmt1st Flr2nd Flr Appliances Free-Standing RangeDishwasherRefrigeratorWasherDryer Basement PartialFinishedRec/Family AreaLaundryWalk-Out Access Heating Natural GasElectricForced AirDuctless Interior Features Hot WaterPantryIn-Law Floorplan

Property Features

Additional Parcels YN No Association Amenities None Building Area Total 3008 Electric Breakers Listing Terms ConventionalCashCommercial Property Sub Type Rental Structure Type One and a Half Story Tax Annual Amount 4050.48

Listing provided courtesy of Windermere City Group: .


© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-02-10T00:20:29.943.
 
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