Cheney Homes under $500,000

Cheney Homes under $500,000

Welcome to Cheney, Washington – a charming city nestled in Spokane County, just a short drive from the bustling city of Spokane. Known for its friendly community, picturesque landscapes, and rich history, Cheney offers residents a unique blend of small-town charm and modern conveniences. With its vibrant downtown area, beautiful parks, and a strong sense of community, it’s no wonder that Cheney is becoming a sought-after destination for families, young professionals, and retirees alike.

For those looking to plant their roots in this delightful city, Cheney boasts an impressive selection of homes priced under $500,000. Whether you’re searching for a cozy starter home, a spacious family residence, or a charming bungalow, you’ll find a variety of options that cater to diverse lifestyles and budgets. The real estate market in Cheney is thriving, with properties featuring modern amenities, beautiful backyards, and easy access to local schools and parks.

Living in Cheney means you can enjoy an array of outdoor activities, from hiking and biking in the nearby Palouse region to exploring the scenic trails around Fish Lake. The city is also home to Eastern Washington University, which adds a vibrant energy to the community and provides various cultural and educational opportunities.

With its affordable housing options and welcoming atmosphere, Cheney is the perfect place to call home. Discover the charm of this hidden gem in Washington State and find your ideal property today!

Newest Cheney Homes under $500,000

323 5th St, Cheney
$399,400
202625190 MLS
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 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. Upstairs unit to be vacant soon, making an excellent opportunity for owner occupancy. Seller Financing would be considered.

323 5th St, Cheney
8018 S Avery Rd, Cheney
$444,000
4 Beds ⋅ 2 Baths ⋅ 202625149 MLS
Newly completed backyard landscaping adds fresh, move-in-ready appeal to this spacious 4-bedroom, 2-bath rancher! Offering 1,797 sq ft of comfortable single-level living, a 3-car garage, and a covered patio, this home is located in the newer east Cheney area near the golf course. Enjoy convenient access to Spokane International Airport, EWU and I-90, making it an easy commute to Spokane while enjoying a newer neighborhood setting. The functional layout offers generous living spaces with plenty of room to make your own. The $232/month HOA includes water and sewer, adding value and simplifying monthly expenses. Don't miss this opportunity to enjoy a well-maintained home with a newly finished backyard, great garage space and convenient access to Spokane and Cheney amenities.

8018 S Avery Rd, Cheney
1006 Steptoe View Ln, Cheney
$439,000
3 Beds ⋅ 2 Baths ⋅ 202625139 MLS
Brand New 2026 Construction with a view! This beautifully built 3-bedroom, 2-bath home offers 1,362 sq ft of modern, single-level living on a city-maintained street with no HOA. Thoughtfully designed with quartz countertops and durable LVP flooring throughout, this home blends style and function. The spacious primary suite features a walk-in shower, double vanity, and a walk-in closet. Two additional bedrooms provide flexibility for guests, home office, or hobbies. Enjoy the convenience of a 2-car garage, patio, and fully completed landscaping in both the front and back yards. A rare opportunity to own brand-new construction with quality finishes and no HOA restrictions—don’t miss it! Front and back landscaping is done with in ground sprinklers and the garage is fully finished.

1006 Steptoe View Ln, Cheney
23518 S Malloy Prairie Rd, Cheney
$359,000
3 Beds ⋅ 2 Baths ⋅ 202624912 MLS
A 40 GPM well installed in 2023, a practically new 2025 manufactured home with 3 bedrooms and 2 baths, and 10 acres of potential on the West Plains. Inside, an open floor plan and kitchen island frame views straight out over the prairie. Outside, wide-open land waits for a shop, a barn, or room for animals. Move in now and build on your own timeline, just minutes from I-90.

23518 S Malloy Prairie Rd, Cheney
302 Apple Tree Ct, Cheney
$474,990
3 Beds ⋅ 2 Baths ⋅ 202624794 MLS
The BEST homesite in the community! Tucked away at the end of the cul-de-sac, this home offers a covered patio and plenty of yard space, with a backdrop of mature trees for privacy. This 1574 sf Hudson is an efficiently designed single-level home, offering both space and comfort. The kitchen provides plenty of counterspace and a breakfast bar. The expansive living and dining area complete this eating and entertaining space. Quartz countertops, matte black hardware, and fireplace are few of the beautiful features within this home. The spacious primary comes with a dual vanity, linen storage, tiled shower, private water closet, and a large walk-in closet. At the front of the home, glass French doors open into a den space with closet. A second bedroom is adjacent to a full guest bath. Call/text Community Manager Audrey to arrange an appointment. Visit temporary Harvest Acres Sales Office on-site Thursday-Monday. 650-619-1432 *Stock Photos & Actual Photos - schedule showing to see this completed home!

302 Apple Tree Ct, Cheney
2623 Wheaton St, Cheney
$357,000
2 Beds ⋅ 2 Baths ⋅ 202624793 MLS
Welcome home! This beautifully maintained 2-bedroom, 2-bathroom rancher offers 1,232 square feet of comfortable, easy living and is truly move-in ready. Built in 2000, this charming single-level home has been lovingly cared for and offers a welcoming, functional layout that feels like home the moment you walk through the door. The kitchen features updated appliances, and all appliances stay, making your move that much easier. A brand-new roof provides added peace of mind, while central heating and air conditioning keep you comfortable through every season. Even better, the home and carpets have just been professionally cleaned, so it’s fresh, spotless, and ready for its new owners! Step outside to the fully fenced backyard—a wonderful space for pets, summer barbecues, gardening, or simply relaxing at the end of the day. The attached 2-car garage provides plenty of room for parking and additional storage. With thoughtful updates, a well-cared-for interior, and so much to enjoy inside

2623 Wheaton St, Cheney
313 Apple Tree Ct, Cheney
$464,990
3 Beds ⋅ 2 Baths ⋅ 202624792 MLS
This 1388 sf Dover is located on a spacious homesite on the cul-de-sac. This mid-sized rancher provides a peaceful setting with a covered front porch and extended covered back patio for relaxing, as well as an extended 2-car garage for plenty of storage and parking. A wide side yard allows space for a parking pad for boats, campers, or RVs. Vaulted ceilings span the dining and living room. The kitchen provides ample counter space and cupboard storage and is uniquely positioned in the front of the home for great views and light from the kitchen window. The primary showcases a vaulted ceiling, a walk-in closet, linen storage, and an ensuite with dual vanity. The other two bedrooms are generously sized with a shared full guest bath. A walk-through mudroom provides ample space for laundry and storage. Temporary on-site Sales Office open from 12-6pm Thursday-Monday. Call/text the Community Manager Audrey to learn more and schedule showings! 650-619-1432 *Stock Photos - home is recently completed.

313 Apple Tree Ct, Cheney
302 Peach Tree Ct, Cheney
$439,990
3 Beds ⋅ 2 Baths ⋅ 202624790 MLS
This Dover is located on a spacious homesite on the Peach Tree Ct cul-de-sac, now with FULL landscaping and fencing! This home provides a peaceful setting with covered front and back patios for relaxing, as well as an extended 3-car garage for plenty of parking and storage. Wide side yards allow room for RV or boat parking as well. Vaulted ceilings span the dining and living room. The kitchen provides sufficient counter space and cupboard storage and is uniquely positioned in the front of the home for great views and light from the kitchen window. The main suite is expansive, featuring a walk-in closet and an ensuite with dual vanity. The other two comfortabley-sized bedrooms share the second bathroom. A walk-through mudroom provides ample space for laundry and storage. Call or text Audrey the Community Manager to learn more and schedule an appointment, or visit the on-site Sales Office Thursday-Monday from 12-6pm! 650-619-1432 *Stock Photos - this home is to be built. Completion in October 2026.

302 Peach Tree Ct, Cheney
317 Peach Tree Ct, Cheney
$499,990
3 Beds ⋅ 2 Baths ⋅ 202624789 MLS
Come see our LAST Orchard home! This oversized rancher is located on a spacious homesite on the Peach Tree Ct cul-de-sac, with plenty of room on either side of the home for RV, camper, or boat storage. The extended 2-car garage provides ample parking and storage space. Wide hallways, 9ft and vaulted ceilings, welcome you into this home, providing spacious open-concept main living area. This home features a beautiful fireplace, large walk-in pantry, LVP and quartz countertops throughout, and plenty of bar seating on the expansive kitchen island. The primary suite is tucked away in the back of the home for privacy, providing homeowners with a large bedroom, dual vanity, 6ft soaker tub, walk-in shower, private water closet, and a sizable walk-in closet. The two guest bedrooms share a full-bath along the main hallway. Call or text Audrey the community manager to arrange an appointment in Cheney, or visit temporary Sales Office on-site Thursday-Monday! 650-619-1432 *Stock Photos & Actual Photos

317 Peach Tree Ct, Cheney
2414 Annie Pl, Cheney
$424,990
3 Beds ⋅ 2 Baths ⋅ 202624784 MLS
Located on a spacious homesite, our LAST Clearwater provides a peaceful setting with covered front and back patios for relaxing, and an extended garage for storage. Wide side yards allow additional space for parking pad, for your boat, RV, or camper. Vaulted ceilings span the dining room as well as the spacious living room. The kitchen provides sufficient counterspace and cupboard storage and is uniquely positioned in the front of the home for great views and light from the kitchen window. Quartz countertops, matte black hardware, and LVP throughout are some of the featured finishes in this beautiful home. The main suite is expansive, featuring two closets and an ensuite with dual vanity. The other two bedrooms share the second bathroom - one providing an oversized walk-in closet. Speak to the Community Manager Audrey to learn more and schedule your appointment! On-site Sales Office is open Thurs-Mon from 12:00-6:00pm. 650-619-1432 *Stock Photos & Actual Photos - come visit to see completed home!

2414 Annie Pl, Cheney
16107 W Everglade Ln, Cheney
$61,500
2 Beds ⋅ 1 Baths ⋅ 202624770 MLS
This amazing home has had a complete transformation from the ground up it has been completely renovated and revamped. Starting with the exterior. The home was completely encapsulated with new insulation and siding, new metal roof, new trex covered deck , plumbing and wiring. On the interior we have completely new interior walls, paint, AC, heat, instant hot water, all new appliances, complete bathroom renovation, and to top it all off the home comes completely furnished inside and out. Additionally there is an oversized storage shed with all the tools for maintaining the yard. Don't miss this golden opportunity for a turnkey home with water activities galore. Boat slips to rent on a first come first serve basis. All applicants must be approved by the park. Small animals allowed. Buyers and buyers agents to verify all information.

16107 W Everglade Ln, Cheney
7914 S Rye Rd, Cheney
$389,900
3 Beds ⋅ 2 Baths ⋅ 202624745 MLS
Cute 2021 West Terrace Rancher. Minutes away from The Plains Golf Course, Fairchild AFB, Spokane Airport, Cheney Schools, and Downtown Riverfront Park. Immediately walks into an open concept with vaulted ceilings with stainless steel appliances and a gas range stove in the kitchen. Beautifully maintained front and backyard with strawberry, raspberry, blueberry, and mint plants in the private fenced back yard with the 12x12 covered patio. Extra storage and an area for home projects in the 2 car garage. This cute rancher is ready for local travel convenience, hosting and entertaining, or just relaxing at home. Come check it out!

7914 S Rye Rd, Cheney
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