Refine Search
Map
Sort by
$529,999
202621532 MLS
Completely remodeled and updated duplex just a block from Eastern Washington University campus. Well maintained and excellent location. With campus on one side and just two blocks from shopping make this a Cheney dream for an easy rental for investor perfect for student housing. Units have all been redone top to bottom. Wonderfully rare, each bedroom has a bathroom. Ample parking both designated off street and street. Brand new and ready to go! Current combined rental income is $3,990.

501 K St, Cheney
$449,900
202621221 MLS
Excellent investment opportunity or owner-occupancy with rental income with this Cheney Tri-plex. Unit 104 features 3 bedrooms, a full bathroom, and convenient single-level living. The bright living room welcomes abundant natural light and centers around a cozy wood-burning fireplace. New LVP flooring flows through the hallway to a functional kitchen complete with oak cabinets, an informal dining area, dishwasher, electric range, and refrigerator. Unit 106 is accessed from the back deck, where stairs lead to a comfortable lower-level apartment featuring two spacious bedrooms, a 3/4 bathroom, a cozy but functional kitchen, and a welcoming living room that ties the space together. Unit 102 has its own private entrance from the side of the home and offers a studio layout with a comfortable living area, spacious kitchen, and a tucked-away 3/4 bathroom. This income-producing property offers flexibility, strong rental appeal, and long-term investment potential.

104 3rd St, Cheney
$1,200,000
202620814 MLS
Cash flowing 11 unit apartment in the heart of Cheney. The unit mix is 7 - 1/1 and 4- 2/1. The current owner has moved rents and updated most units. The property is low maintenance with newer roof, updated vinyl siding and windows, concrete walkways, updated interiors, off street parking and there is still room to move rents to market rates! The Cheney market has low vacancy and with all of the new business on the West Plains, this could be the perfect long term investment. Hurry before it is gone!

1115 1st St, Cheney
$975,000
202618657 MLS
The Bellano in Cheney. Very nice 1964 Brick 9 unit apartment, only two blocks from EWU. Features seven two bed one bath units, one 3 bed 2 bath unit, and a 1 bed 1 bath unit. The apartments have nice updates and are in good condition. Monthly rents bring in $8475 plus $80 per month for laundry washer/dryer. 1 year old roof and new gutter system. All units have a range, refrigerator, and dishwasher, plus free standing electric fireplace. Low maintenance grounds. Washer/Dryer bring in approx $80 per month.

621 3rd St, Cheney
$624,950
202616302 MLS
Beautiful newer luxury duplex in Cheney! Both sides are rented to great tenants on long term leases, with gross rents totaling $4,420. Each unit features 3 bedrooms, 2.5 baths, and a spacious 1,536 sq. ft. of living space. Many quality features including quartz countertops in the kitchen and baths, custom cabinets with soft-close drawers, and stainless steel appliances. The primary bedroom includes an en suite bathroom with a walk-in closet and double sinks. Both units come with a 2-car garage and the landscaping was designed with low-maintenance in mind. Whether you're an owner occupant looking to rent out one side or an investor seeking high-quality tenants, this is a perfect fit. Conveniently located near Eastern Washington University and a few blocks from shopping and restaurants.

916 2nd St, Cheney
$295,000
202614451 MLS
Great rental investment opportunity in a desirable Cheney neighborhood near Eastern Washington University. This brick rancher duplex offers two spacious, well maintained units, each featuring 2 bedrooms and 1 bathroom with practical, tenant friendly layouts. Both units are currently rented, providing immediate income. Each unit includes its own porch, dedicated storage unit, and off street parking for added convenience. The seller has completed thoughtful updates during ownership, including flooring, interior paint, appliances, plumbing improvements, and a recently replaced water heater, contributing to the property’s overall condition. A solid, low maintenance investment in a consistently strong rental location.

1521 4th St, Cheney
$575,000
202614155 MLS
Charming 4-Plex located in the heart of Cheney. Two units have 3 bedrooms and a bathroom with over 1000 sqft of living space, and two units have 2 bedrooms and a bathroom just shy of 700 sqft. Each home boasts everything on one level providing ease of accessibility, and the large corner lot offers additional parking or storage needs. Explore the vibrant locale just steps away from an array of dining options and groceries. Additionally, the proximity to schools and quality parks makes this property a strategic choice. Whether you're looking to occupy or explore rental opportunities, this 4 Plex presents a unique offering in a central location that shouldn’t be missed!

1717 2nd St, Cheney
$675,000
202613422 MLS
Solid multifamily opportunity in Cheney just minutes from Eastern Washington University. This 4-plex features all units occupied, providing immediate rental income. Each unit includes its own washer and dryer for added tenant convenience. The property offers off-street parking and a location close to campus, dining, shopping, and everyday amenities—making it attractive for tenants. Great value-add potential for investors looking to expand their portfolio in a strong rental market.

5 2nd St, Cheney
$599,900
202613291 MLS
This fourplex is a turnkey investment with strong cash flow and excellent equity potential! 2: 2-bed one-bath, 2: 1-bed one-bath units feature spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring. The tenants enjoy a massive shared front & back yard, perfect for BBQs and water balloon fights, bringing a true sense of community! Recent 2023 renovations have enhanced the property, with room for further improvements to increase equity and rental income. Shared laundry facilities add convenience, while its prime location on the bus routes ensures easy commuting. This is a fantastic opportunity for investors and owner-occupants, possibly eligible for FHA, 203K FHA, and VA financing, don’t miss out!

1239 1st St, Cheney
$1,575,000
202611907 MLS
Investor opportunity, ideally located in the heart of Cheney near Eastern Washington University. Three fully remodeled 4-bedroom, 2.5-bath duplexes offers open-concept floor plans filled with natural light. Each unit features an attached garage, private driveways, air conditioning, and in-unit washer and dryer.

308-318 W 3rd St, Cheney
$1,995,000
202611906 MLS
Investment Opportunity! This portfolio includes three fully remodeled 4-bedroom, 2.5-bath duplexes plus a triplex at 17-21 5th Street featuring one 1-bedroom/1-bath and two 3-bedroom/2-bath units. All units offer open-concept floor plans, in-unit washers and dryers, and convenient attached garages at the 3rd Street duplexes. Located just minutes from Eastern Washington University, tenants enjoy easy access to shopping, dining, entertainment, and campus life. Combined rental income of $13,970 per month makes this an ideal opportunity for investors seeking stable cash flow in a high-demand area.

308 W 3rd St, Cheney
$450,000
202611823 MLS
Attention Investors! Exceptional 4-Unit Rental Income Property near EWU!This well-maintained Victorian home, converted into a charming 4-plex, is situated in a prime location right on Greek Row, just one block from campus. Perfect for students & visitors alike! All currently occupied. Each unit is unique in its own way, offering character & individual charm that sets this property apart. A couple of the units have also served as successful Airbnbs. Enjoy outdoor relaxation on two inviting porches. Recent updates: new appliances, fixtures, flooring, & fresh paint throughout. The exterior of home has been freshly painted. All units have individual electric meters, w/ landlord covering Wi-Fi & water. Tenants responsible for electric, sewer, & garbage. Roof and windows replaced within the last 18 years. Newly remodeled tiled bathrooms. Window A/C units in all units. Unfinished basement offers additional storage potential. 5 parking spots. This is a rare opportunity in a sought after rental market.

422 4th St, Cheney
$410,000
202611651 MLS
This has the potential to pencil out attractively based on current rents & it's fully occupied! This PRIME income-producing property DIRECTLY across from Eastern Washington University in Cheney, WA! This rare triplex for sale near EWU sits on a corner lot just steps from campus - just across the grounds to Showalter Hall and 2 minutes to Downtown Cheney restaurants, bars, and shops. Recent Updates include a new 2025 roof, exterior paint, new LVP flooring, and interior paint. This is one of the closest multifamily investment properties available near the school, making it ideal for a long-term investment, student housing, 1031 exchange, house hacking, and buyers seeking cash flow and long-term appreciation. This registered historic triplex features separately metered units, campus views, mature trees, and off-street parking for each unit. Gross monthly rental income is $3,250/Mo (Unit 323: $1500, Unit 325: $900, Unit 321: $850/Mo)

323 5th St, Cheney

Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.