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    Cheney, WA Multifamily Properties for Sale

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    Medical Lake, WA Spokane, WA Airway Heights, WA
    Updated Multifamily Near Eastern Washington
    $600,000
    5,284 SF
    Updated Multifamily Near Eastern Washington

    317 College Ave, Cheney, WA 99004

    Updated multifamily property near Eastern Washington University with commercial kitchen.
    • 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.
    Updated: Feb 13
    View details
    Victorian 4-Plex Near EWU Campus
    $450,000
    2,215 SF
    Victorian 4-Plex Near EWU Campus

    422 4th St, Cheney, WA 99004

    Charming 4-unit rental property near Eastern Washington University.
    • Prime Location: Situated on Greek Row, one block from EWU campus, ideal for students and visitors.
    • Income Potential: A well‑maintained 4‑unit rental property with all units currently occupied, offering immediate rental income.
    • Unique Units: Each unit offers individual character and charm, with some having a history of successful Airbnb rentals.
    • Recent Updates: Features new appliances, fixtures, flooring, fresh paint throughout, and remodeled tiled bathrooms.
    • Low Landlord Expenses: Individual electric meters for each unit, with tenants responsible for electric, sewer, and garbage.
    Updated: Feb 5
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    Cheney Investment Opportunity Near EWU
    $1,575,000
    Cheney Investment Opportunity Near EWU

    Three remodeled duplexes near Eastern Washington University.

    318 W 3rd St, Cheney, WA 99004

    View details
    Based on your search, we've compiled 67 Potential Opportunities for your consideration. Besides 3 Active listings in Cheney, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical Lake Duplex Investment Opportunity
    $385,000
    2,240 SF
    Medical Lake Duplex Investment Opportunity

    Well-positioned duplex in Medical Lake with consistent rental demand.

    316 N Silver Lake Ave, Medical Lake, WA 99022

    View details
    Medical Lake Duplex Investment Opportunity
    $565,000
    2,614 SF
    Medical Lake Duplex Investment Opportunity

    Fully rented duplex near Fairchild AFB with income potential.

    931-933 N Stanley St, Medical Lake, WA 99022

    View details
    51-Unit Mobile Home & RV Park
    $3,799,900
    2,400 SF
    51-Unit Mobile Home & RV Park

    51-unit mobile home, RV park, and motel on 4.17 acres.

    12525 W Sunset Hwy, Airway Heights, WA 99001

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    Mobile Home, RV Park, Motel
    $3,699,000
    2,400 SF
    Mobile Home, RV Park, Motel

    51-unit mobile home, RV park, and motel on 4.17 acres.

    12525 W Sunset Hwy, Airway Heights, WA 99001

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Hauser, ID Land with Views
    $495,000
    1,232 SF
    Hauser, ID Land with Views

    5-acre property with Hauser Lake views, ready for your dream home.

    16154 N Smith Ave, Hauser, ID 83854

    View details
    Blanchard Land: Entertainer's Delight
    $359,900
    0.11 Acres
    Blanchard Land: Entertainer's Delight

    Oversized corner lot with extensive outdoor kitchen and coach house.

    101 Par Loop, Blanchard, ID 83804

    View details
    Land Near Little Spokane River
    $115,000
    10.13 Acres
    Land Near Little Spokane River

    10.13 acres near Newport with river views.

    1901 Pines Rd, Newport, WA 99156

    View details
    St. Maries Riverfront Lot
    $115,000
    0.18 Acres
    St. Maries Riverfront Lot

    Level .18 acre lot with utilities in River Pine Estates.

    St Maries, ID 83861

    View details

    Off-Market Properties in Cheney, WA

    Consider similar Off-Market properties in Cheney, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1306 3rd St
    HIGH-RISE APARTMENTS
    4,901 SF Lot: 0.27 Acres
    Estimated value
    $2,810,000

    1306 3rd St, Cheney, WA 99004-1861

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    1320 3rd St
    HIGH-RISE APARTMENTS
    4,901 SF Lot: 0.29 Acres
    Estimated value
    $2,675,000

    1320 3rd St, Cheney, WA 99004-1852

    View details
    410 2nd St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.11 Acres
    Estimated value
    $2,505,000

    410 2nd St, Cheney, WA 99004-1604

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    511 Clay St
    APARTMENT HOUSE (5+ UNITS)
    1,344 SF Lot: 0.68 Acres
    Estimated value
    $1,435,000

    511 Clay St, Cheney, WA 99004-5091

    View details
    840 1st St
    MOBILE HOME PARK, TRAILER PARK
    1,130 SF Lot: 3.16 Acres
    Estimated value
    $1,480,000

    840 1st St, Cheney, WA 99004-9748

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    1605 1st St
    HIGH-RISE APARTMENTS
    1,512 SF Lot: 0.24 Acres
    Value Estimation by Request

    1605 1st St, Cheney, WA 99004-1900

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    1705 2nd St
    HIGH-RISE APARTMENTS
    2,606 SF Lot: 0.24 Acres

    1705 2nd St, Cheney, WA 99004-1909

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    107 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)
    1,644 SF Lot: 0.08 Acres
    Value Estimation by Request

    107 Blackhawk Ln, Cheney, WA 99004-6005

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    103 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)
    1,644 SF Lot: 0.09 Acres
    Value Estimation by Request

    103 Blackhawk Ln, Cheney, WA 99004-6005

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    91 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)
    1,644 SF Lot: 0.09 Acres
    Value Estimation by Request

    91 Blackhawk Ln, Cheney, WA 99004-6052

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    97 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)
    1,644 SF Lot: 0.08 Acres
    Value Estimation by Request

    97 Blackhawk Ln, Cheney, WA 99004-6052

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    109 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)
    1,644 SF Lot: 0.07 Acres
    Value Estimation by Request

    109 Blackhawk Ln, Cheney, WA 99004-6005

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    111 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)
    1,644 SF Lot: 0.10 Acres
    Value Estimation by Request

    111 Blackhawk Ln, Cheney, WA 99004-6005

    View details
    85 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    85 Alki Ln, Cheney, WA 99004-6004

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    95 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    95 Alki Ln, Cheney, WA 99004-6004

    View details
    97 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    97 Alki Ln, Cheney, WA 99004-6004

    View details
    87 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    87 Alki Ln, Cheney, WA 99004-6004

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    99 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    99 Alki Ln, Cheney, WA 99004-6004

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    83 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    83 Alki Ln, Cheney, WA 99004-6004

    View details
    93 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    93 Alki Ln, Cheney, WA 99004-6004

    View details
    91 Alki Ln
    APARTMENT HOUSE (5+ UNITS)
    1,785 SF Lot: 0.05 Acres
    Value Estimation by Request

    91 Alki Ln, Cheney, WA 99004-6004

    View details

    Cheney, WA Multifamily Properties Investment Opportunities Market Analysis

    Explore 59 multifamily properties for sale in Cheney, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,499 square feet of properties for sale, with an estimated market value of $1,050,000.

    Sale prices for multifamily properties in Cheney, WA start at $450,000, averaging $525,000, and reaching up to $600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Quadplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +10.0%
    Median Household Income $62,014
    College Educated 49.8%

    High-Yield Neighborhoods for Investment

    Identify Cheney submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    99004 $875K

    Taxes & Financing

    Tax Rate (average for all types) 0.82%
    Property Tax per SF $9.07 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Spokane County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Cheney fall within the 2,500 to 5,000 square foot range.

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