Updated Multifamily Near Eastern
317 College Ave, Cheney, WA 99004
MULTI_FAMILY - Colonial - Cheney, WA
Property size:
5,284 SFLot size:
0.23 AcresPrice / SF:
$113/SF- Added:
- Feb 13, 2026
- Days on Market:
- 88
- Last Refresh:
- May 12 at 4:06 pm
Property Features for 317 College Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- RV, Offsite
- Interior features
- Hot Water, High Speed Internet, Pantry
- Basement
- Partial, Unfinished
- Appliances
- Free-Standing Range, Gas Range, Double Oven, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer
- Standard status
- Active
- Size
- 5,284 SF
- Lot size
- 0.23 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Hot Water(Heating), Natural Gas, Forced Air
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 14
- Building materials
- Block, Stucco
- Roof type
- Flat
- Architectural style
- Colonial
Listing agent Mark Anderson (425) 999-0890
Listing office LPT Realty LLC 221 1st Ave St 900, Arlington, WA (877) 366-2213
Listing date Feb 13, 2026
MLS# 202612171
Listing URL
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location near Eastern Washington University campus, ideal for student rentals.
- High rental income potential, currently $4000/month with room for increase, or higher ROI renting by the room.
- Seller financing available with 25% down at 7% interest.
- Fourteen bedrooms (12 upstairs, 2 on main level) offering significant occupancy potential.
- Commercial kitchen with double oven, gas range, ample counter space, pantry, and serving window.
- Recently updated with a huge upstairs bathroom featuring four showers, seven sinks, and four toilet stalls.
Overview
This multifamily property is located a few blocks from Eastern Washington University. The property features 14 bedrooms. Upstairs, there are 12 bedrooms and a bathroom with four shower stalls, a large vanity with seven sinks, and four toilet stalls. On the main level, there are two bedrooms with a connecting bathroom, and an additional half bathroom. The main entrance leads to a living room that opens to a family room next to the dining area and commercial kitchen. The dining area is spacious and includes ample countertop space, cabinets, a sink, and a dishwasher. Adjacent to the dining area is a commercial-style kitchen with a large pantry, and a laundry room is located behind the dining area. The property was recently updated. The property size is 5284 square feet and the lot size is 0.2296 acres. The property was previously rented for $4000 per month. The seller is offering financing with 25% down at 7% interest. Renting by the room may provide a greater return on investment. The property is located in Cheney, WA.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial kitchens
Location Insight
- Map
- Local Demand
- City
- Cheney
- County
- Spokane
- State
- Washington
- Longitude
- -117.5772262
- Latitude
- 47.4890082
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Updated multifamily property near Eastern Washington University with commercial kitchen.
Where is this multifamily property located?
The property is located at 317 College Ave Cheney, WA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime location near Eastern Washington University campus, ideal for student rentals.; High rental income potential, currently $4000/month with room for increase, or higher ROI renting by the room.; Seller financing available with 25% down at 7% interest.
