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.
Active
$1,995,000
308 W 3rd St, Cheney, WA 99004
--beds
--baths
--sqft
Est.:
MultiFamily
Built in 2016
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Open-concept floor plansConvenient attached garagesIn-unit washers and dryers
- 40 days |
- 82 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: February 19, 2026 at 12:59pm
Listed by:
Ryan Towner 509-481-0373,
LT Real Estate,
Dallas Lightner 509-315-8720,
LT Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202611906
Tour with a local agent
Facts & features
Interior
Heating
- Electric, Forced Air
Features
- Basement: None
- Has fireplace: No
Property
Parking
- Total spaces: 2
- Parking features: Attached, Off Site, Alley Access
- Garage spaces: 2
Details
- Additional parcels included: 13132.4608, 13133.1813, 13133.1807
- Parcel number: 13133.1812
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Year built: 2016
Community & HOA
HOA
- Amenities included: None
Location
- Region: Cheney
Financial & listing details
- Tax assessed value: $75,400
- Annual tax amount: $948
- Date on market: 2/7/2026
- Listing terms: Conventional,Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,257/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2026 | Listed for sale | $1,995,000+1040% |
Source:  SMLS as distributed by MLS GRID #202611906 Report a problem | ||
| 6/8/2015 | Sold | $175,000+58.7% |
Source: Agent Provided Report a problem | ||
| 3/6/2008 | Sold | $110,280 |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $948 +4.5% | $75,400 +2.7% |
| 2015 | $908 | $73,400 |
| 2014 | $908 | $73,400 |
| 2013 | $908 +2.6% | -- |
| 2011 | $884 -8.5% | -- |
| 2010 | $966 | -- |
| 2009 | $966 -0.5% | -- |
| 2008 | $971 | -- |
| 2007 | $971 -77.6% | $93,800 |
| 2005 | $4,339 +398.7% | -- |
| 2004 | $870 -0.4% | -- |
| 2003 | $873 | -- |
| 2002 | $873 -1.4% | -- |
| 2001 | $886 -5.2% | $62,900 +0.5% |
| 1999 | $934 | $62,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,270/mo
Principal & interest
$9873
Property taxes
$1397
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Climate risks
Neighborhood: 99004
Nearby schools
GreatSchools rating
- 3/10Salnave Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Cheney Middle SchoolGrades: 6-8Distance: 1.7 mi
- 6/10Cheney High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- 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
- 308 W 3rd St
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