323 5th StCheney, WA 99004

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 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. Upstairs unit to be vacant soon, making an excellent opportunity for owner occupancy. Seller Financing would be considered.

Property Information

Property type

Residential Income

Style

Other

Year built

1895

Living area

3,008 Sq Ft

Lot size

0.17 acres

Garage spaces

1

Parking spaces

3

Zoning

RMF

Days on market

5

MLS^® Listing#

202625190

Property Features

Interior

Pantry · In-Law Floorplan · Master Downstairs · His and Hers Closets · Eat-in Kitchen

Appliances

Free-Standing Range · Dishwasher · Refrigerator · Washer · Dryer

Heating

Electric · Forced Air · Ductless

Flooring

Wood

Basement

Partial · Partially Finished · Walk-Out Access

Parking

Detached · Off Site · Alley Access

Laundry

In Basement

Patio

Patio

Lot features

Wooded · Level · Corner Lot

Construction

Stucco

Roof

Composition

Windows

Bay Window(s)

Schools

Elementary

Betz

Middle

Cheney

High

Cheney

Financial Details

Annual taxes

$3,815

Parcel number

13132.1005

Directions

From downtown Spokane, head westbound on I-90, Take exit 270, take highway 904 south, turn right on G St, turn right on 5th st, on your right