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308-318 W 3rd St 6 Unit Apartment Building $2,135,857 CAD ($355,976 CAD/Unit) 5.45% Cap Rate Cheney, WA 99004
Executive Summary
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.
Property Facts
| Price | $2,135,857 CAD | Apartment Style | Townhome |
| Price Per Unit | $355,976 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.45% | Building Size | 12,474 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $2,135,857 CAD |
| Price Per Unit | $355,976 CAD |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 12,474 SF |
| No. Stories | 2 |
| Year Built | 2016 |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 2 | - | - |
| 4+2.5 | 2 | - | - |
| 4+2.5 | 2 | - | - |
1 1
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,521,939 CAD | |
| Land Assessment | $284,781 CAD | Total Assessment | $2,806,720 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$284,781 CAD
Improvements Assessment
$2,521,939 CAD
Total Assessment
$2,806,720 CAD
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308-318 W 3rd St
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