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308-318 W 3rd St
Cheney, WA 99004
Multifamily Property For Sale
·
6 Units
Executive Summary
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.
Property Facts
| Price Per Unit | $262,500 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.45% | Lot Size | 0.15 AC |
| No. Units | 6 | Building Size | 12,474 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2016 |
| Zoning | R-3 | ||
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 12,474 SF |
| No. Stories | 2 |
| Year Built | 2016 |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 2 | - | - |
| 4+2.5 | 2 | - | - |
| 4+2.5 | 2 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,859,700 | |
| Land Assessment | $210,000 | Total Assessment | $2,069,700 |
Property Taxes
Parcel Numbers
Land Assessment
$210,000
Improvements Assessment
$1,859,700
Total Assessment
$2,069,700
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