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Updated Multifamily Near Eastern Washington

317 College Ave, Cheney, WA 99004

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Pending

$600,000

MULTI_FAMILY - Colonial - Cheney, WA

Property size:

5,284 SF

Lot size:

0.23 Acres

HighLights

14 official bedrooms: 12 upstairs and 2 on the main level, plus multiple bathrooms including a four‑stall shower setup
Main level layout includes living room, open family room, dining area, and commercial‑style kitchen with a serving window
Kitchen includes double oven, gas range, free‑standing range, dishwasher, microwave, refrigerator, disposal, and a large pantry
Laundry room with washer and dryer; hot water and high‑speed internet available
Heating includes forced air, hot water (heating), and natural gas; flat roof; block and stucco construction
Offsite parking plus RV parking; seller financing available with 25% down at 7% interest

We can help!

Contact an agent

Mark Anderson

Pending

$600,000

MULTI_FAMILY - Colonial - Cheney, WA

Property size:

5,284 SF

Lot size:

0.23 Acres

Added:: Feb 13, 2026
Days on Market:: 134
Last Refresh:: Jun 27 at 8:06 am

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: Unfinished, Partial
Appliances: Free-Standing Range, Gas Range, Double Oven, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer
Standard status: Pending
Size: 5,284 SF
Lot size: 0.23 Acres

Utilities

Utilities: Cable Available
Heating system: Forced Air, Hot Water(Heating), Natural Gas

Building Details

Year built: 1940
Floors in Building: 2
Number of units: 14
Building materials: Block, Stucco
Roof type: Flat
Architectural style: Colonial

We can help!

Contact an agent

Mark Anderson

Listing agent Mark Anderson

Listing office LPT Realty LLC 221 1st Ave St 900, Arlington, WA

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

14 official bedrooms: 12 upstairs and 2 on the main level, plus multiple bathrooms including a four‑stall shower setup
Main level layout includes living room, open family room, dining area, and commercial‑style kitchen with a serving window
Kitchen includes double oven, gas range, free‑standing range, dishwasher, microwave, refrigerator, disposal, and a large pantry
Laundry room with washer and dryer; hot water and high‑speed internet available
Heating includes forced air, hot water (heating), and natural gas; flat roof; block and stucco construction
Offsite parking plus RV parking; seller financing available with 25% down at 7% interest

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 Location Intelligence

Current Use by Public Records

Commercial kitchens

Suggested Use

Location Insight

Map
Local Demand

City: Cheney
County: Spokane
State: Washington
Longitude: -117.577283
Latitude: 47.488969

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For sale
Multifamily properties
WA
Cheney
99004
317 College Ave

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: 14 official bedrooms: 12 upstairs and 2 on the main level, plus multiple bathrooms including a four‑stall shower setup; Main level layout includes living room, open family room, dining area, and commercial‑style kitchen with a serving window; Kitchen includes double oven, gas range, free‑standing range, dishwasher, microwave, refrigerator, disposal, and a large pantry

317 College Ave, Cheney, WA 99004

MULTI_FAMILY - Colonial - Cheney, WA

Property Features for 317 College Ave

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Cheney Automotive Business Opportunity

Established Auto Body Shop ForSale

Victorian 4-Plex Near EWU Campus

Vacant Office and Retail Space

Downtown Cheney Mixed-Use Property

Cheney Investment Opportunity Near EWU

Cheney Manufacturing Facility For Lease

Former Honeywell Manufacturing Facility

Turn Key Grow/Storage Facility

Established Auto Body Shop For Sale

Medical Office Space Available

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