$410,000
Joey Costello
Windermere North Spokane
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Make a winning offer with the help of a local expert
About This Home
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
Property Details
Property Type
Residential Income
Year Built
1895
Subdivision
Cheney
County
Spokane
Lot Size
0.17 acres
Living Area
3,008 sqft
Price / Sqft
$136
Garage
1-car
Total Parking
3 spaces
Schools
Elementary: Cheney, Middle: Cheney, High: Cheney
Days on Market
228 days
MLS #
SAR202611651
Parcel #
13132.1005
Annual Taxes
$3,815.43
Total Building Area
3,008 sqft
MLS Area
A420/096
MLS Class
Rental Income
Listing Terms
FHA, VA Loan, Conventional, Cash, Commercial, See Remarks
Road Frontage
City Street, Paved Road
Listed On
Feb 2, 2026
Status Changed
Feb 8, 2026
Last MLS Update
Aug 26, 2026
MLS Branch
443
School Information
Elementary
Cheney
Middle School
Cheney
High School
Cheney
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Flooring
Windows
Heating
Appliances
Interior Features
Patio & Porch
Parking
Lot Features
Listed By
Nick Briggs
Windermere City Group
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$2,221/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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