323 5th St, Cheney, WA 99004

$399,400
3,008
SqFt

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List Price
$399,400
MLS#
202625190
Status
ACTIVE
City
Cheney
Subdivision
Cheney
Acres
0.17
Living Area
3,008

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 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.

Additional Information

Year Built
1895
School District
Cheney
Elementary School
Betz
Middle School
Cheney
High School
Cheney
Garage Spaces
1
Frontage
City Street, Paved Road
Area/Grid
West Med Lk Cheney
MLS Area/Grid#
A420/096
Acres MOL
0.17
Lot Size
7,500
Basement
Partial, Partially Finished, Rec/Family Area, Laundry, Walk-Out Access
Master Bedroom
Dbl Clst, 1/2 Bath, Bsmt, 1st Flr, 2nd Flr
Features
Breakers
Heating/Cooling
Electric, Forced Air, Ductless
Lot Information
Treed, Level, Corner Lot
Style
Other

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Calculator source: Real Geeks

Listing courtesy of SARMLS / Windermere City Group

Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.