Well-Maintained Triplex
17 5TH St Cheney, WA 99004
New
17 5TH St, Cheney, WA, 99004
$450,000
Pending
For Sale
$450,000
Pending
Triplex with one 1-bedroom and two 3-bedroom units, each with in-unit washers and dryers.
Property Size2,016 SF
Days on Market6
Property Features for 17 5TH St
General Information
- Standard status
- Pending
- Size
- 2,016 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1994
Listing agency
LT Real Estate
(509) 315-8720
Listed by
Ryan Towner · License #24027253
Source
Clearwaterproperties
Added: Jul 17 Updated: Jul 22 at 1:26AM Checked: Jul 22 at 3:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LT Real Estate
Investment Insights
Based on property information with market context.
This well-maintained triplex offers a mix of unit layouts, including one 1-bedroom/1-bath apartment and two 3-bedroom/2-bath apartments. The units feature open-concept floor plans and include in-unit washers and dryers.
The property is located just minutes from Eastern Washington University.
Overall, the configuration provides multiple apartment sizes within a single investment property.
The property is located just minutes from Eastern Washington University.
Overall, the configuration provides multiple apartment sizes within a single investment property.
Key Highlights
- Triplex built in 1994 with 3 total units
- Unit mix: one 1‑bedroom/1‑bath and two 3‑bedroom/2‑bath apartments
- In‑unit washers and dryers in all units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $17.16 |
| − Vacancy | −$2.6k | −$1.30 |
| EGI | $32.0k | $15.86 |
| − OpEx | −$9.6k | −$4.76 |
| NOI | $22.4k | $11.10 |
2,016 SF · lease $17.16/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$293.8K
$257.1K – $342.8K
NOI $20,565 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$465.8K
$407.6K – $543.5K
NOI $32,609 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with one 1-bedroom and two 3-bedroom units, each with in-unit washers and dryers.
Where is this triplex located?
The property is located at 17 5TH St Cheney, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Triplex built in 1994 with 3 total units; Unit mix: one 1‑bedroom/1‑bath and two 3‑bedroom/2‑bath apartments; In‑unit washers and dryers in all units
