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 - 1 minute walk to Showalter Hall and 2 minutes to Downtown Cheney restaurants, bars, and shops. One of the closest multifamily investment properties currently available to Eastern Washington University, ideal for student housing, college rental, off-campus housing, buy-and-hold investors, or 1031 exchange buyers seeking cash flow and long-term appreciation. This registered historic triplex features separately metered units, campus views, mature trees, covered porches, and off-street parking for each unit. New 2025 roof, exterior paint, and LVP flooring in 2020. Rare Cheney WA multifamily in a high-demand EWU rental market in Spokane County. Home Warranty Provided!!
Active
$410,000
323 5th St, Cheney, WA 99004
6beds
4baths
3,008sqft
Est.:
MultiFamily
Built in 1895
-- sqft lot
$-- Zestimate®
$136/sqft
$-- HOA
What's special
Separately metered unitsCampus viewsMature treesCorner lotCovered porches
- 51 days |
- 832 |
- 44 |
Zillow last checked: 7 hours ago
Listing updated: February 19, 2026 at 12:59pm
Listed by:
Nick Briggs 509-979-0553,
Windermere City Group
Source: SMLS as distributed by MLS GRID,MLS#: 202611651
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Primary bedroom
- Description: Dbl Clst,1/2 Bath,Bsmt,1st Flr,2nd Flr
Dining room
- Description: Informal,Kit Eat Sp
Family room
- Description: Outside Ent,Bsmt,1st Flr,2nd Flr,Off Kit
Heating
- Natural Gas, Electric, Forced Air, Ductless
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
- Laundry: In Basement
Features
- In-Law Floorplan
- Flooring: Wood
- Windows: Bay Window(s)
- Basement: Partial,Finished,Rec/Family Area,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 3,008
- Total interior livable area: 3,008 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, Off Site, Alley Access
- Garage spaces: 1
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 7,405.2 Square Feet
- Features: Level, Corner Lot
Details
- Parcel number: 13132.1005
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1895
Community & HOA
Community
- Subdivision: Cheney
HOA
- Amenities included: None
Location
- Region: Cheney
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $367,500
- Annual tax amount: $4,050
- Date on market: 2/2/2026
- Listing terms: Conventional,Cash,Commercial
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/2/2026 | Listed for sale | $410,000+51.9%$136/sqft |
Source:  SMLS as distributed by MLS GRID #202611651 Report a problem | ||
| 1/29/2020 | Sold | $270,000-3.5%$90/sqft |
Source: SMLS as distributed by MLS GRID #201926297 Report a problem | ||
| 11/15/2019 | Listed for sale | $279,900+76%$93/sqft |
Source: RE/MAX of Spokane #201926297 Report a problem | ||
| 12/15/2004 | Sold | $159,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,050 +25.6% | $367,500 +6.6% |
| 2023 | $3,224 +29.2% | $344,600 +15.8% |
| 2022 | $2,495 -14.8% | $297,500 +29.2% |
| 2021 | $2,928 +9.6% | $230,300 +5.2% |
| 2020 | $2,673 +14.6% | $219,000 +9% |
| 2019 | $2,332 | $201,000 |
| 2018 | $2,332 -12.9% | $201,000 |
| 2017 | $2,678 +10.5% | $201,000 +7.9% |
| 2016 | $2,424 +5.8% | $186,200 |
| 2015 | $2,292 | $186,200 |
| 2014 | $2,292 | $186,200 |
| 2013 | $2,292 +4.6% | -- |
| 2011 | $2,192 +5.9% | -- |
| 2010 | $2,070 | -- |
| 2009 | $2,070 +34.3% | -- |
| 2008 | $1,542 | -- |
| 2007 | $1,542 -78.9% | $149,200 |
| 2005 | $7,309 +398.7% | -- |
| 2004 | $1,466 -0.4% | -- |
| 2003 | $1,471 | -- |
| 2002 | $1,471 -1.4% | -- |
| 2001 | $1,493 -5.8% | $106,200 |
| 1999 | $1,585 | $106,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,339/mo
Principal & interest
$2052
Property taxes
$287
More affordability tools
Climate risks
Neighborhood: 99004
Nearby schools
GreatSchools rating
- 6/10Betz Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Cheney Middle SchoolGrades: 6-8Distance: 1.2 mi
- 6/10Cheney High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Betz
- Middle: Cheney
- High: Cheney
- District: Cheney
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 99004
- Washington
- Spokane County
- Cheney
- 99004
- 323 5th St
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