323 5th St Cheney, WA 99004
Estimated payment $2,533/month
Highlights
- Wood Flooring
- 1 Car Detached Garage
- Bay Window
- Corner Lot
- In-Law or Guest Suite
- 3-minute walk to Veterans Park
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)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,815
Year Built
- Built in 1895
Lot Details
- 7,500 Sq Ft Lot
- Corner Lot
- Level Lot
- Landscaped with Trees
Parking
- 1 Car Detached Garage
- Alley Access
- Off-Site Parking
Home Design
- Converted Dwelling
- Stucco
Interior Spaces
- 3,008 Sq Ft Home
- 2-Story Property
- Bay Window
- Wood Flooring
- Partially Finished Basement
Kitchen
- Free-Standing Range
- Dishwasher
Bedrooms and Bathrooms
- 7 Bedrooms
- In-Law or Guest Suite
- 4 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Cheney Middle School
- Cheney High School
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 13132.1005
Community Details
Overview
- 3 Units
- Cheney Subdivision
Amenities
- Laundry Facilities
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,815 | $290,000 | $80,000 | $210,000 |
| 2025 | $4,050 | $342,400 | $70,000 | $272,400 |
| 2024 | $4,050 | $367,500 | $105,000 | $262,500 |
| 2023 | $2,495 | $344,600 | $105,000 | $239,600 |
| 2022 | $2,554 | $297,500 | $45,000 | $252,500 |
| 2021 | $2,928 | $256,100 | $45,000 | $211,100 |
| 2020 | $2,673 | $219,000 | $45,000 | $174,000 |
| 2019 | $2,332 | $201,000 | $45,000 | $156,000 |
| 2018 | $2,678 | $201,000 | $45,000 | $156,000 |
| 2017 | $2,424 | $201,000 | $45,000 | $156,000 |
| 2016 | $2,331 | $186,200 | $45,000 | $141,200 |
| 2015 | $2,292 | $186,200 | $45,000 | $141,200 |
| 2014 | -- | $186,200 | $45,000 | $141,200 |
| 2013 | -- | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/02/2026 02/02/26 | For Sale | $410,000 | +51.9% | $136 / Sq Ft | |
| 01/29/2020 01/29/20 | Sold | $270,000 | -3.5% | $99 / Sq Ft | View Prior Sale |
| 12/28/2019 12/28/19 | Pending | -- | -- | -- | |
| 12/02/2019 12/02/19 | For Sale | $279,900 | 0.0% | $102 / Sq Ft | |
| 11/22/2019 11/22/19 | Pending | -- | -- | -- | |
| 11/15/2019 11/15/19 | For Sale | $279,900 | -- | $102 / Sq Ft |
Source: Spokane Association of REALTORS®
MLS Number: 202611651
APN: 13132.1005
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Listings courtesy of Spokane Association of REALTORS® as distributed by MLS GRID.
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Ask me questions while you tour the home.