# 323 5th St, Cheney, WA 99004

> **TL;DR:** 7bd/4ba residential multi family, $410,000 ($136/sqft), built 1895, 3,008 sqft. Est. $2,193/mo. Listed 224 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $410,000 |
| Price/sqft | $136 |
| Bedrooms | 7 |
| Bathrooms | 4 full |
| Square Feet | 3,008 |
| Year Built | 1895 |
| Lot Size | 7,501 sqft (0.17 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 224 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,073 |
| Estimated Insurance | $120 |
| **Total** | **$2,193** |

## Nearby Schools

- **Elementary:** Betz
- **Middle:** Cheney
- **High:** Cheney

## Property Highlights

- Built in 1895
- 0.17 acre lot
- 2 stories
- 3 parking spaces

## Description

### Agent Description
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

## Location

- **Address:** 323 5th St, Cheney, WA 99004
- **County:** Spokane
- **Coordinates:** 47.488615, -117.579312
- **Google Maps:** https://www.google.com/maps?q=47.488615,-117.579312

## Listing Agent

- **Name:** Nick Briggs
- **Brokerage:** Windermere Real Estate/City Group LLC
- **Phone:** (509) 323-2323
- **Broker Phone:** (509) 323-2323
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/323-5th-St_Cheney_WA_99004_M24930-46326?f=listhub&s=SARWA&m=202611651&c=propsimple)

## Photos

![323 5th St - Photo 1](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f369062115r.jpg)

![323 5th St - Photo 2](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2875005553r.jpg)

![323 5th St - Photo 3](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3439350557r.jpg)

![323 5th St - Photo 4](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f230338031r.jpg)

![323 5th St - Photo 5](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1632965677r.jpg)

![323 5th St - Photo 6](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1455691666r.jpg)

![323 5th St - Photo 7](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3786767126r.jpg)

![323 5th St - Photo 8](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2666715954r.jpg)

![323 5th St - Photo 9](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1178453913r.jpg)

![323 5th St - Photo 10](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3273131724r.jpg)

![323 5th St - Photo 11](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1860604502r.jpg)

![323 5th St - Photo 12](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3978387712r.jpg)

![323 5th St - Photo 13](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f796870346r.jpg)

![323 5th St - Photo 14](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3080198064r.jpg)

![323 5th St - Photo 15](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2814991167r.jpg)

![323 5th St - Photo 16](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2172185288r.jpg)

![323 5th St - Photo 17](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2257479613r.jpg)

![323 5th St - Photo 18](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1032149463r.jpg)

![323 5th St - Photo 19](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2671462678r.jpg)

![323 5th St - Photo 20](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2233684143r.jpg)

![323 5th St - Photo 21](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2926830550r.jpg)

![323 5th St - Photo 22](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3610940059r.jpg)

![323 5th St - Photo 23](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3713417017r.jpg)

![323 5th St - Photo 24](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2575245347r.jpg)

![323 5th St - Photo 25](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2398599861r.jpg)

![323 5th St - Photo 26](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1147136139r.jpg)

![323 5th St - Photo 27](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3021158193r.jpg)

![323 5th St - Photo 28](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3645377681r.jpg)

![323 5th St - Photo 29](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3713496413r.jpg)

![323 5th St - Photo 30](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1042817299r.jpg)

![323 5th St - Photo 31](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1297558838r.jpg)

![323 5th St - Photo 32](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f315582495r.jpg)

![323 5th St - Photo 33](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f961532308r.jpg)

![323 5th St - Photo 34](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2161981480r.jpg)

![323 5th St - Photo 35](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f749199191r.jpg)

![323 5th St - Photo 36](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f658531514r.jpg)

![323 5th St - Photo 37](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f861548650r.jpg)

![323 5th St - Photo 38](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2360008780r.jpg)

![323 5th St - Photo 39](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3080998412r.jpg)

![323 5th St - Photo 40](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2429696900r.jpg)

![323 5th St - Photo 41](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f2591089316r.jpg)

![323 5th St - Photo 42](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1734198804r.jpg)

![323 5th St - Photo 43](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f3782985980r.jpg)

![323 5th St - Photo 44](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f4065421471r.jpg)

![323 5th St - Photo 45](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f829242529r.jpg)

![323 5th St - Photo 46](http://lh.rdcpix.com/2c1f4be7f033508efe903df014b5600dl-f1309890298r.jpg)

---

**MLS#:** 202611651 | **Updated:** 2026-08-26
**Source:** listhub

*Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/323-5th-st-cheney-wa-99004-02611651)

---

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      "unitText": "square feet"
    },
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        "name": "Flooring",
        "value": "Wood"
      },
      {
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        "name": "Construction Materials",
        "value": "Stucco"
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "Pool Features",
        "value": "Patio"
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "Parking Features",
        "value": "Offsite, Alley"
      }
    ],
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      {
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        "name": "Lot Size",
        "value": "0.17 acres"
      },
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      },
      {
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      {
        "@type": "PropertyValue",
        "name": "Property Subtype",
        "value": "Other"
      }
    ]
  },
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    "@type": "Offer",
    "@id": "https://www.propertysimple.ai/listing/323-5th-st-cheney-wa-99004-02611651#offer",
    "url": "https://www.propertysimple.ai/listing/323-5th-st-cheney-wa-99004-02611651",
    "price": 410000,
    "priceCurrency": "USD",
    "businessFunction": "http://purl.org/goodrelations/v1#Sell",
    "availability": "https://schema.org/InStock",
    "seller": {
      "@id": "https://www.propertysimple.ai/listing/323-5th-st-cheney-wa-99004-02611651#agent"
    }
  },
  "provider": {
    "@type": "Person",
    "@id": "https://www.propertysimple.ai/listing/323-5th-st-cheney-wa-99004-02611651#agent",
    "name": "Nick Briggs",
    "telephone": "(509) 323-2323",
    "worksFor": {
      "@type": "Organization",
      "@id": "https://www.propertysimple.ai/listing/323-5th-st-cheney-wa-99004-02611651#brokerage",
      "name": "Windermere Real Estate/City Group LLC",
      "telephone": "(509) 323-2323"
    }
  }
}
```