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Cheney, WA

Residential Income

Cheney, WA Residential Income Properties for Sale

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Medical Lake, WA Spokane, WA Spangle, WA

Updated Multifamily Near Eastern Washington

Updated: Feb 13

Updated Multifamily Near Eastern Washington

317 College Ave, Cheney, WA 99004

$600,000

5,284 sqft · 0.23 AC lot

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

This listing looks promising.

Here's a quick look at some key insights for

317 College Ave, Cheney, WA 99004

View Property Analytics

Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$54K
Annual
Price @ 7% Cap

$770K
Above asking
Property Type

Fraternity House, Sorority House
Built 1940

View Property Analytics

Victorian 4-Plex Near EWU Campus

Updated: Feb 5

Victorian 4-Plex Near EWU Campus

422 4th St, Cheney, WA 99004

$450,000

2,215 sqft · 0.11 AC lot

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.

Cheney Investment Opportunity Near EWU

Cheney Investment Opportunity Near EWU

318 W 3rd St, Cheney, WA 99004

$1,575,000

Three remodeled duplexes near Eastern Washington University.

Based on your search, we've compiled 68 Potential Opportunities for your consideration. Besides 3 Active listings in Cheney, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 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

Medical Lake Duplex Investment Opportunity

316 N Silver Lake Ave, Medical Lake, WA 99022

$385,000

2,240 sqft · 0.29 AC lot

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

Medical Lake Duplex Investment Opportunity

Medical Lake Duplex Investment Opportunity

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

$565,000

2,614 sqft

Fully rented duplex near Fairchild AFB with income potential.

51-Unit Mobile Home & RV Park

51-Unit Mobile Home & RV Park

12525 W Sunset Hwy, Airway Heights, WA 99001

$3,799,900

2,400 sqft · 4.17 AC lot

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

Mobile Home, RV Park, Motel

Mobile Home, RV Park, Motel

12525 W Sunset Hwy, Airway Heights, WA 99001

$3,699,000

2,400 sqft · 4.17 AC lot

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

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.

20-Acre Cheney Land Parcel

20-Acre Cheney Land Parcel

5306 W Curtis Rd, Cheney, WA 99004

$325,000

20.50 AC lot

Secluded 20-acre land near Cheney with power and building.

Residential Land Near Granite Lake

Residential Land Near Granite Lake

NKA Lambridge Ln Lot 9, Medical Lake, WA 99022

$185,000

4.32 AC lot

4.32-acre lot with views, utilities, and development potential.

Land Near Granite Lake

Land Near Granite Lake

NKA Lambridge Ln Lot 8, Medical Lake, WA 99022

$180,000

2.16 AC lot

2.16-acre parcel near Granite Lake with well.

Land with Granite Lake Views

Land with Granite Lake Views

NKA Lambridge Ln Lot 6, Medical Lake, WA 99022

$190,000

4.22 AC lot

4.22-acre land parcel with lake views near Spokane.

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.

HIGH-RISE APARTMENTS

1306 3rd St, Cheney, WA 99004-1861

$2,810,000

Estimated value

4,901 sqft · 0.27 AC lot

HIGH-RISE APARTMENTS

1320 3rd St, Cheney, WA 99004-1852

$2,675,000

Estimated value

4,901 sqft · 0.29 AC lot

APARTMENT HOUSE (5+ UNITS)

410 2nd St, Cheney, WA 99004-1604

$2,505,000

Estimated value

0.11 AC lot

APARTMENT HOUSE (5+ UNITS)

511 Clay St, Cheney, WA 99004-5091

$1,435,000

Estimated value

1,344 sqft · 0.68 AC lot

MOBILE HOME PARK, TRAILER PARK

840 1st St, Cheney, WA 99004-9748

$1,480,000

Estimated value

1,130 sqft · 3.16 AC lot

HIGH-RISE APARTMENTS

1605 1st St, Cheney, WA 99004-1900

Value Estimation by Request

1,512 sqft · 0.24 AC lot

HIGH-RISE APARTMENTS

1705 2nd St, Cheney, WA 99004-1909

Value Estimation by Request

2,606 sqft · 0.24 AC lot

107 Blackhawk Ln

APARTMENT HOUSE (5+ UNITS)

107 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft · 0.08 AC lot

103 Blackhawk Ln

APARTMENT HOUSE (5+ UNITS)

103 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft · 0.09 AC lot

91 Blackhawk Ln

APARTMENT HOUSE (5+ UNITS)

91 Blackhawk Ln, Cheney, WA 99004-6052

Value Estimation by Request

1,644 sqft · 0.09 AC lot

97 Blackhawk Ln

APARTMENT HOUSE (5+ UNITS)

97 Blackhawk Ln, Cheney, WA 99004-6052

Value Estimation by Request

1,644 sqft · 0.08 AC lot

109 Blackhawk Ln

APARTMENT HOUSE (5+ UNITS)

109 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft · 0.07 AC lot

111 Blackhawk Ln

APARTMENT HOUSE (5+ UNITS)

111 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft · 0.10 AC lot

APARTMENT HOUSE (5+ UNITS)

85 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

95 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

97 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

87 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

99 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

83 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

93 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

91 Alki Ln, Cheney, WA 99004-6004

Value Estimation by Request

1,785 sqft · 0.05 AC lot

Cheney, WA Residential Income Properties Market Trends and Statistics

Explore 60 residential income 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 residential income 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.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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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