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Sarah Hoverson

sarah.hoverson@exprealty.com +1(406) 690-8080

Listed by Nick Briggs • Windermere City Group

$ 410,000

Est. payment | -/mo

3,008 SqFt

Save

$ 410,000

Est. payment | -/mo

Save

3,008 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,008 sqft

Price per Sqft $136

Subdivision Cheney

MLS Listing ID 202611651

Style Other

Year Built 1895

Annual Tax Amount $3,815

Lot Size 7,405 Sqft

Lot Dimensions 0.17

Property Sub-Type Residential Income

Property Description

This has the potential to pencil out attractively based on current rents & it's 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)

Location

State WA

County Spokane

Rooms

Basement Partial, Partially Finished, Rec/Family Area, Laundry, Walk-Out Access

Interior

Interior Features Pantry, In-Law Floorplan

Heating Electric, Forced Air, Ductless

Appliance Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Parking Features Detached, Off Site, Alley Access

Garage Spaces 1.0

Amenities Available Laundry, None

View Y/N true

Roof Type Composition

Total Parking Spaces 3

Building

Lot Description Treed, Level, Corner Lot

Story 2

Architectural Style Other

Structure Type Stucco

Schools

Elementary Schools Betz

Middle Schools Cheney

High Schools Cheney

School District Cheney

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash, Commercial

Listing Terms FHA, VA Loan, Conventional, Cash, Commercial

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(406) 690-8080

sarah.hoverson@exprealty.com

323 5th St Cheney, WA 99004