Real Estate Investment Properties for Sale in Cheney, KS

Looking for investment property in Cheney, KS with high ROI ?

Explore a variety of short-term homes & houses in Cheney, KS. Invest wisely with VRBO & Cheney, KS Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Cheney, KS

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
229 Lakeside Dr Cheney, KS Stunning Zero-Entry Home with Impeccable Landscaping. No detail was overlooked in this bea...	3 beds \| 3 baths \| 2,664 sq.ft.	$459,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.65% Airbnb Rental Income: $null Traditional Rental Income: $2671 Airbnb ROI: N/A Traditional ROI: 3.65%
4410 S 375th St W Cheney, KS	4 beds \| 3 baths \| 2,436 sq.ft.	$639,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.25% Airbnb Rental Income: $null Traditional Rental Income: $2275 Airbnb ROI: N/A Traditional ROI: 1.25%
635 N Wolf St Cheney, KS	3 beds \| 2 baths \| 2,516 sq.ft.	$234,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.02% Airbnb Rental Income: $null Traditional Rental Income: $1739 Airbnb ROI: N/A Traditional ROI: 5.02%
432 N Washington St Cheney, KS	4 beds \| 2 baths \| 3,238 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.99% Airbnb Rental Income: $null Traditional Rental Income: $1600 Airbnb ROI: N/A Traditional ROI: 0.99%
4340 S 375th St W Cheney, KS	5 beds \| 3 baths \| 3,485 sq.ft.	$815,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.43% Airbnb Rental Income: $null Traditional Rental Income: $2241 Airbnb ROI: N/A Traditional ROI: 0.43%
416 N Jefferson St Cheney, KS	3 beds \| 2 baths \| 1,484 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $1354 Airbnb ROI: N/A Traditional ROI: 4.6%
Tract 4 N 160th Ave Cheney, KS	N/A beds \| N/A baths \| N/A	$142,500	Airbnb cash on cash: N/A Traditional cash on cash: 0% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: 0%
Tract 1 N 160th Ave Cheney, KS	N/A beds \| N/A baths \| N/A	$142,500	Airbnb cash on cash: N/A Traditional cash on cash: 0% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: 0%
0 SW Corner of 391st & 15th St Cheney, KS	N/A beds \| N/A baths \| N/A	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.58% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: -1.58%
324 W Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$28,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 7.53%
211 W Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$30,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.97% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 6.97%
301 W Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$39,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 5.04%
Lot 34 Lakeside Dr Cheney, KS	N/A beds \| N/A baths \| N/A	$31,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.72% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 6.72%
Parcel 4 S 383rd St W Cheney, KS	N/A beds \| N/A baths \| N/A	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.49% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: -0.49%
Lot 11 Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$28,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 7.53%
Lot 49 Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$28,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 7.53%
Lot 32 Lakeside Dr Cheney, KS	N/A beds \| N/A baths \| N/A	$30,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.97% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 6.97%
1436 N Lake Rd Cheney, KS	N/A beds \| N/A baths \| N/A	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.77% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: 1.77%
Tract 2 N 160th Ave Cheney, KS	N/A beds \| N/A baths \| N/A	$142,500	Airbnb cash on cash: N/A Traditional cash on cash: 0% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: 0%
000 S S 375th St W Cheney, KS	N/A beds \| N/A baths \| N/A	$343,406	Airbnb cash on cash: N/A Traditional cash on cash: -1.39% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: -1.39%
Lot 45 Cherry Oaks Ct Cheney, KS	N/A beds \| N/A baths \| N/A	$39,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 5.04%
Lot 31 Lakeside Dr Cheney, KS	N/A beds \| N/A baths \| N/A	$30,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.97% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 6.97%
409 N Washington St Cheney, KS Welcome home to Cheney! This cozy move-in ready home offers two bedrooms, one bathroom, an...	2 beds \| 1 baths \| 1,178 sq.ft.	$190,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 4.09% Airbnb Rental Income: $1600 Traditional Rental Income: $1220 Airbnb ROI: 3.67% Traditional ROI: 4.09%
15980 NE Lakeview Dr Cheney, KS Fully renovated in 2024 and further enhanced with premium outdoor and interior upgrades, t...	3 beds \| 2 baths \| 1,848 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $1931 Airbnb ROI: N/A Traditional ROI: 3.91%

Real Estate investment in Cheney, KS

There are 24 properties for sale in the city of Cheney . The median list price in Cheney is $385,000 and the average price per square foot is $273. In January 2026, the average monthly cash on cash return in Cheney is 4.00%. The average monthly rental income in Cheney is $428.

Cheney, KS Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 24 investment properties available for sale in Cheney.

In 2026, the best neighborhood to buy investment property is Cheney.

The ROI for Short-Term is higher than the Long-Term in Cheney with average rental income of $1,600.

Your search for investment property begins and ends here

Investment Property for Sale in Cheney, KS

229 Lakeside Dr

Cheney, KS

3 beds | 3 baths | 2,664 sq.ft.

$459,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.65%

Airbnb Rental Income: $null

Traditional Rental Income: $2671

Airbnb ROI: N/A

Traditional ROI: 3.65%

4410 S 375th St W

Cheney, KS

4 beds | 3 baths | 2,436 sq.ft.

$639,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.25%

Airbnb Rental Income: $null

Traditional Rental Income: $2275

Airbnb ROI: N/A

Traditional ROI: 1.25%

635 N Wolf St

Cheney, KS

3 beds | 2 baths | 2,516 sq.ft.

$234,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.02%

Airbnb Rental Income: $null

Traditional Rental Income: $1739

Airbnb ROI: N/A

Traditional ROI: 5.02%

432 N Washington St

Cheney, KS

4 beds | 2 baths | 3,238 sq.ft.

$475,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.99%

Airbnb Rental Income: $null

Traditional Rental Income: $1600

Airbnb ROI: N/A

Traditional ROI: 0.99%

4340 S 375th St W

Cheney, KS

5 beds | 3 baths | 3,485 sq.ft.

$815,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.43%

Airbnb Rental Income: $null

Traditional Rental Income: $2241

Airbnb ROI: N/A

Traditional ROI: 0.43%

416 N Jefferson St

Cheney, KS

3 beds | 2 baths | 1,484 sq.ft.

$189,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.6%

Airbnb Rental Income: $null

Traditional Rental Income: $1354

Airbnb ROI: N/A

Traditional ROI: 4.6%

Tract 4 N 160th Ave

Cheney, KS

N/A beds | N/A baths | N/A

$142,500

Airbnb cash on cash: N/A

Traditional cash on cash: 0%

Airbnb Rental Income: $null

Traditional Rental Income: $418

Airbnb ROI: N/A

Traditional ROI: 0%

Tract 1 N 160th Ave

Cheney, KS

N/A beds | N/A baths | N/A

$142,500

Airbnb cash on cash: N/A

Traditional cash on cash: 0%

Airbnb Rental Income: $null

Traditional Rental Income: $418

Airbnb ROI: N/A