104 3rd St
Excellent investment opportunity or owner-occupancy with rental income with this Cheney Tri-plex. Unit 104 features 3 bedrooms, a full bathroom, and convenient single-level living. The bright living room welcomes abundant natural light and centers around a cozy wood-burning fireplace. New LVP flooring flows through the hallway to a functional kitchen complete with oak cabinets, an informal dining area, dishwasher, electric range, and refrigerator. Unit 106 is accessed from the back deck, where stairs lead to a comfortable lower-level apartment featuring two spacious bedrooms, a 3/4 bathroom, a cozy but functional kitchen, and a welcoming living room that ties the space together. Unit 102 has its own private entrance from the side of the home and offers a studio layout with a comfortable living area, spacious kitchen, and a tucked-away 3/4 bathroom. This income-producing property offers flexibility, strong rental appeal, and long-term investment potential.
A three-unit building in Cheney at $177 per square foot
This 1968 triplex packs three separate units into 2,400 square feet on a compact 0.13-acre lot. Unit 104 is single-level with three bedrooms, a full bath, a wood-burning fireplace, and new LVP flooring. Unit 106, reached from the back deck, holds two bedrooms and a 3/4 bath, while Unit 102 has a private side entrance and a studio layout. At $425,000 that works out to roughly $177 per square foot. Heat is electric baseboard throughout, and there is one garage space. Annual taxes run $3,715. The layout allows living in one unit while renting the others, or leasing all three.
- Three separate units
- New LVP flooring
- Wood-burning fireplace
- Private unit entrances
- One garage space
Your point of contact
Listed by Jonathan Bich, Coldwell Banker Tomlinson · 509-467-7400
What's included
Appliances
- Free-Standing Range
- Refrigerator
Heating
- Electric
- Baseboard
Education
- Elementary
- Betz
- Middle
- Cheney
- High
- Cheney
School assignments are as reported in the listing. Boundaries and enrollment can change — verify directly with the school district.
Costs of ownership
- Annual taxes
- $3,715
Run the payment
- Principal & interest
- —
- Property taxes
- —
- Insurance
- —
- HOA
- —
Fine-tune taxes, insurance & HOA
Estimates only — excludes PMI and utilities; your lender's numbers govern. Taxes prefilled from the listing record.
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Living in Cheney
A small city southwest of Spokane and home of Eastern Washington University — university-town character, a 25-minute I-90 commute to downtown, and family homes from $325K to $700K.
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Comparable in this market
Listing information provided courtesy of the Spokane Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use.
Information provided by Spokane Association of REALTORS®. Listings deemed reliable but not guaranteed. Buyer is responsible for verifying all material facts (square footage, lot size, zoning, school assignments, HOA dues, taxes). Not legal, tax, financial, or appraisal advice — consult the relevant professional.