323 5th St, Cheney, WA 99004
- $410,000
- 3,008
- SqFt
- List Price
- $410,000
- MLS#
- 202611651
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Active
- Financing Terms
- FHA, VA Loan, Conventional, Cash, Commercial, See Remarks
- City
- Cheney
- Subdivision
- Cheney
- Acres
- 0.17
Property Description
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) Seller Financing would be considered
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Additional Information
- Master Bedroom
- Dbl Clst, 1/2 Bath, Bsmt, 1st Flr, 2nd Flr
- Primary Bedroom
- Dbl Clst, 1/2 Bath, Bsmt, 1st Flr, 2nd Flr
- Year Built
- 1895
- MLS Area/Grid
- West Med Lk Cheney
- MLS Area/Grid Number
- A420/096
- Parcel Number
- 13132.1005
- Property Taxes
- $3,815
- School District
- Cheney
- Elementary School
- Betz
- Middle School
- Cheney
- High School
- Cheney
- Features
- Breakers
- Home Amenities
- Laundry, None
- Home Total Sq Ft
- 3,008
- Garage Spaces
- 1
- Basement
- Partial, Partially Finished, Rec/Family Area, Laundry, Walk-Out Access
- Heating/Cooling
- Electric, Forced Air, Ductless
- Style
- Other
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 0.17
- Lot Size
- 7,500
- Lot Information
- Treed, Level, Corner Lot
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / Windermere City Group
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.