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Listed price in listed location currency (USD).
$410,000

003

MLS® 202611651

Overview

Key Facts

Type 
Levels Residential Income
Size 3008 sqft
Garage Yes
Taxes $3,815
Days Active 101
Lot Size 
Approx. Age 1895
Avg. Price Per Sqft $136
MLS® Number 202611651

Property Address: 323 5th St, Cheney, WA, 99004-1525

Average square foot calculated using Size range provided by listing agent.

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)
MLS® Number202611651
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1895
BasementPartial, Partially Finished, Rec/Family Area, Laundry, Walk-Out Access
DrivewayDetached, Off Site, Alley Access
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 2, 2026List Date
$410,000List Price

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