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308-318 W 3rd St
Cheney, WA 99004
Cheney Multifamily · Multifamily Property For Sale
Investment Highlights
- 4 Multifamily Properties
- Recently Updated Units
- Great Locations Near Eastern Washington University
- In Unit Washer and Dryer In All 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 / SF | $159.93 / SF | Number of Properties | 2 |
| Cap Rate | 5.94% | Individually For Sale | 1 |
| Sale Type | Investment | Total Building Size | 12,474 SF |
| Status | Active | Total Land Area | 0.15 AC |
| Price / SF | $159.93 / SF |
| Cap Rate | 5.94% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 12,474 SF |
| Total Land Area | 0.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 308-318 W 3rd St, Cheney, WA 99004 | Multifamily | 12,474 SF | 2016 | $1,575,000 |
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