323 5th St Cheney, WA 99004
Listing Courtesy of: Spokane MLS / Windermere Real Estate City Group, LLC / Nick Briggs

  323 5th St Cheney, WA 99004

Active (3 Days)
$410,000 (USD)

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!!

MLS #:
202611651
Taxes
$4,050
Lot Size
7,500 SQFT
Type
Multifamily
Year Built
1895
Style
One and a Half Story
School District
Cheney
County
Spokane County

Listed By

Nick Briggs, Windermere Real Estate City Group, LLC
Source
Spokane MLS
Last checked Feb 4 2026 at 8:28 PM GMT+0000
Bathroom Details
Interior Features
  • In-Law Floorplan
  • Pantry
  • Hot Water
Kitchen
  • Dryer
  • Washer
  • Free-Standing Range
  • Dishwasher
  • Refrigerator
Subdivision
  • Cheney
Lot Information
  • Level
  • Treed
  • Corner Lot
Heating and Cooling
  • Forced Air
  • Electric
  • Ductless
  • Natural Gas
Basement Information
  • Finished
  • Partial
  • Rec/Family Area
  • Walk-Out Access
  • Laundry
Exterior Features
  • Roof: Composition
School Information
  • Elementary School: Betz
  • Middle School: Cheney
  • High School: Cheney
Parking
  • Detached
  • Alley Access
  • Off Site
Stories
  • 1
Living Area
  • 3,008 sqft
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