323 5th St

4
Baths
3,008 Sq. Ft.
$136 / Sq. Ft.
3,008
Sq. Ft.
$136
per Sq. Ft.

Description

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...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!
  1. Listed by Nick Briggs • Windermere City Group

Property Details for 323 5th Street

Parking Features
Detached, Off Site, Alley Access
Architectural Style
Other
Subdivision Name
Cheney
Zoning
RMF
LISTING UPDATED: 02/02/2026 01:55 PM

Property Details for 323 5th Street

StatusNew
MLS #202611651
Days on MarketListed Today
Taxes$4,050 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Rental
Year Built1895
Lot Size0.17 AC / 7,500 SF
CountySpokane County

Location

Listing Courtesy of Windermere City Group
Add your commute

Building Information for 323 5th Street

Building/Complex323 5th StFloor-Stories1Residences3Pet Policy-Pet Policy Details-Year Built1895Building Size-

Payment Calculator

$2,336 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,998

Property Taxes

$338

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 323 5th Street

Summary
Location and General Information
  • County Or Parish: Spokane
  • Longitude: -117.58
  • Directions: From downtown Spokane, head westbound on I-90, Take exit 270, take highway 904 south, turn right on G St, turn right on 5th st, on your right
  • Class: Rental Income
  • Latitude: 47.49
Taxes and HOA
  • Tax Annual Amount: $4,050.48
  • Additional Parcels: No
  • Parcel Number: 13132.1005
Parking
  • Garage Spaces: 1.00
  • Parking Total: 3.00
School Information
  • Middle Or Junior School: Cheney
Property
Lot Information
  • Lot Features: Treed, Level, Corner Lot
  • Lot Size Acres: 0.17
  • Lot Size Square Feet: 7500.0
Property and Assessments
  • Construction Materials: Stucco
  • FIPS: 53063
  • Year Built: 1895
  • First Photo Additional Detail: 2026-02-02T21:53:42.7
Interior and Exterior Features
Exterior Features
  • Association Amenities: None
  • Area: A420/096
  • Structure Type: One and a Half Story
  • Road Frontage Type: Paved Road, City Street
  • Roof: Composition
Interior Features
  • Heating: Natural Gas, Electric, Forced Air, Ductless
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial, Finished, Rec/Family Area, Laundry, Walk-Out Access
  • Stories: 1
  • Interior Features: Hot Water, Pantry, In-Law Floorplan
  • Flooring: Wood
  • Window Features: Bay Window(s)
Room Information
Dining Room
  • Dining Room: Informal,Kit Eat Sp
Family Room
  • Family/Recreation Room: 1st Flr,2nd Flr,Bsmt,Off Kit,Outside Ent
Unit Information
Unit Information
  • Number Of Units Total: 3
Unit 1
  • Approx Square Feet: 1368
  • Baths Total: 2
  • Beds Total: 3
  • Type: Unit A
Unit 2
  • Approx Square Feet: 820
  • Baths Total: 1
  • Beds Total: 2
  • Type: Unit B
Unit 3
  • Approx Square Feet: 820
  • Baths Total: 1
  • Beds Total: 1
  • Type: Unit C
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 323 5th Street

DateEvent & SourcePriceAppreciation
Feb 2, 2026

Listed (Active)

SPOKANEMLS #202611651

$410,000—
Jan 29, 2020

Sold

SPOKANEMLS #201926297

$270,000—
Jan 10, 2020

Sold (Public Record)

Public Record #662169723

$270,000

+3.6% / yr

Dec 27, 2019

Pending

SPOKANEMLS #201926297

—
Nov 15, 2019

Listed (Active)

SPOKANEMLS #201926297

$279,900—
Dec 20, 2004

Sold

SPOKANEMLS #24028033

$159,000—
Dec 8, 2004

Sold (Public Record)

Public Record #148450368

$159,000—
Nov 29, 2004

Pending

SPOKANEMLS #24028033

—
Nov 3, 2004

Listed (Active)

SPOKANEMLS #24028033

$159,000—
Feb 23, 2001

Temporarily Off Market

SPOKANEMLS #2022466

$143,500—
Feb 22, 2001

Expired

SPOKANEMLS #2022466

$143,500—
Feb 22, 2001

Temporarily Off Market

SPOKANEMLS #2022466

$143,500—
Aug 23, 2000

Listed (Active)

SPOKANEMLS #2022466

$143,500—
DateEvent & SourcePrice
02/02/2026

Listed (Active)

SPOKANEMLS #202611651

$410,000
01/29/2020

Sold

SPOKANEMLS #201926297

$270,000
01/10/2020

Sold (Public Record)

Public Record #662169723

$270,000

+3.6% / yr

12/27/2019

Pending

SPOKANEMLS #201926297

—
11/15/2019

Listed (Active)

SPOKANEMLS #201926297

$279,900
12/20/2004

Sold

SPOKANEMLS #24028033

$159,000
12/08/2004

Sold (Public Record)

Public Record #148450368

$159,000
11/29/2004

Pending

SPOKANEMLS #24028033

—
11/03/2004

Listed (Active)

SPOKANEMLS #24028033

$159,000
02/23/2001

Temporarily Off Market

SPOKANEMLS #2022466

$143,500
02/22/2001

Expired

SPOKANEMLS #2022466

$143,500
02/22/2001

Temporarily Off Market

SPOKANEMLS #2022466

$143,500
08/23/2000

Listed (Active)

SPOKANEMLS #2022466

$143,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 323 5th Street

Taxable ValueLand$105,000Additions$262,500Total$367,500
Tax Record2025$4,050 ($338 / month)
Home Facts
Baths3Total Finished SqFt3,556 SqFtAbove Grade Finished SqFt3,556 SqFtStories2Lot Size7,500 SqFtStyleTriplexYear Built1895CountySPOKANEAPN13132.1005Fireplace TypeHas Fireplace

Schools near 323 5th Street

This home is within Cheney School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Betz Elementary School
PublicPK to 5

Cheney Middle School
Public6 to 8

Cheney High School
Public9 to 12

HomeWorks!
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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323 5th Street is a multi-family home for sale in Cheney, WA 99004. This listing's school district is Cheney School District. Nearby schools include Betz Elementary School, Cheney Middle School and Cheney High School. 323 5th Street is a 6-bed, 4-bath, 3,008 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere City Group

Based on information submitted to the MLS GRID as of 02/02/2026 01:55 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.