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About This Home

This 0-bedroom, 0-bathroom residential multi family at 317 College Ave in Cheney, WA is listed for $600,000 ($114 per sqft). Built in 1940, the home offers 5,284 sqft of living space on a 0.23 acres lot.

Agent Description

Great rental opportunity in the heart of Eastern Washington University! This property is a few blocks from the campus. Recently updated. It has 11 official bedrooms: There are 9 bedrooms upstairs and has a huge bathroom with four shower stalls, a large vanity with seven sinks, and four toilet stalls.

On the main level the house features two bedrooms with a connecting bathroom there is another half bathroom on the main floor. Through the main entrance is a living room that leads to an open family room setting next to the dining area and commercial kitchen.

The dining area is spacious with ample countertop space, cabinets, a sink and dishwasher. There is a serving window from the adjacent commercial style kitchen with a large pantry, and a laundry room behind the dining area. Rent was $4000 mo and could probably go up from there. You could also rent by the room and get a bigger return on your investment. Seller is offering financing with 25% down at 7% int.

Key Features

  • Built in 1940
  • 0.23 acre lot
  • 2 stories

Property Details

2 stories
1940

Amenities

RV Parking

Monthly Cost Estimate

$3,209/mo

20% down · 6.5% · 30 years

Principal$434
Interest$2,600
Insurance$175

Estimates only. Actual payments may vary.

Location

317 College Ave

Cheney, WA 99004

Features & Amenities

Interior Features

Hot WaterHigh Speed InternetPantry

Property Details

Construction

Block Stucco

Parking

OffsiteRV

Heating

Natural GasHot Water(Heating)Forced Air

Appliances

Free-Standing RangeGas RangeDouble OvenDishwasherRefrigeratorDisposalMicrowaveWasherDryer

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 317 College Ave is listed at $600,000 ($114/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.

Key features include: Built in 1940, 0.23 acre lot, 2 stories. Interior Features: Hot Water, High Speed Internet, Pantry.

This property is listed by Mark Anderson and can be reached at (425) 999-0890 or markgsd22@gmail.com.

MA

Mark Anderson

Agent at LPT Realty LLC

(425) 999-0890

Listed by LPT Realty LLC

MLS# 202612171· Source: listhub· Updated 56 days ago

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.

317 College Ave, Cheney, WA 99004

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