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Student Housing Triplex in Cheney, WA

323 5th St, Cheney, WA 99004, USA

Active

$410,000

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!!

Contact Agent

Nick Briggs

(509) 979-0553

Property Details

Property Type

Multi-Family

Bedrooms

6

Bathrooms

4

Size

3008

Floors

Year Built

1895

Property Location

323 5th St, Cheney, WA 99004, USA

ChatGPT Image Apr 3, 2025, 02_57_59 PM.png

Windermere Real Estate/City Group, LLC Spokane-City Group
1237 W Summit Parkway, Suite B

Spokane, WA 99201

(509) 979-0553

Spokane, WA, USA

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