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
432 N Washington St Cheney, KS LUXURY AND LOW MAINTENANCE COME TOGETHER IN THIS CUSTOM-BUILT HOME!!!! It has been a place...	4 beds \| 3 baths \| 3,238 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.35% Airbnb Rental Income: $null Traditional Rental Income: $1600 Airbnb ROI: N/A Traditional ROI: 1.35%
0 SW Corner of 391st & 15th St Cheney, KS	N/A beds \| N/A baths \| N/A	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.57% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: -1.57%
324 W Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$24,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.91% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 8.91%
211 W Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$25,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.54% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 8.54%
301 W Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$34,000	Airbnb cash on cash: N/A Traditional cash on cash: 6% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 6%
Lot 34 Lakeside Dr Cheney, KS	N/A beds \| N/A baths \| N/A	$26,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.15% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 8.15%
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	$23,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.31% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 9.31%
Lot 49 Cherry Oaks St Cheney, KS	N/A beds \| N/A baths \| N/A	$23,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.31% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 9.31%
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	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.02% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: 2.02%
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%
Lot 43 Cherry Oaks Ct Cheney, KS	N/A beds \| N/A baths \| N/A	$34,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.94% Airbnb Rental Income: $null Traditional Rental Income: $498 Airbnb ROI: N/A Traditional ROI: 7.94%
632 N Wolf St Cheney, KS	3 beds \| 2 baths \| 1,605 sq.ft.	$268,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.62% Airbnb Rental Income: $null Traditional Rental Income: $1619 Airbnb ROI: N/A Traditional ROI: 3.62%
Tract 2 S 391st Cheney, KS	N/A beds \| N/A baths \| N/A	$152,500	Airbnb cash on cash: N/A Traditional cash on cash: 0.32% Airbnb Rental Income: $null Traditional Rental Income: $487 Airbnb ROI: N/A Traditional ROI: 0.32%
Tract 1 S 391st Cheney, KS	N/A beds \| N/A baths \| N/A	$152,500	Airbnb cash on cash: N/A Traditional cash on cash: 0.32% Airbnb Rental Income: $null Traditional Rental Income: $487 Airbnb ROI: N/A Traditional ROI: 0.32%
413 W Cherry Oaks Cheney, KS	5 beds \| 3 baths \| 3,476 sq.ft.	$485,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.65% Airbnb Rental Income: $null Traditional Rental Income: $2417 Airbnb ROI: N/A Traditional ROI: 2.65%
Lot 5 359th Ct Cheney, KS	N/A beds \| N/A baths \| N/A	$89,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: 2.26%
00000 SE 160th Ave Cheney, KS	N/A beds \| N/A baths \| N/A	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.15% Airbnb Rental Income: $null Traditional Rental Income: $501 Airbnb ROI: N/A Traditional ROI: 1.15%
00000 E Bluff Cheney, KS	N/A beds \| N/A baths \| N/A	$82,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $501 Airbnb ROI: N/A Traditional ROI: 2.67%
648 E Jayhawk Dr Cheney, KS Highest & Best offers are due by 8am, Thursday, April 16, 2026. Welcome home to 648 ...	3 beds \| 3 baths \| 1,758 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.21% Airbnb Rental Income: $null Traditional Rental Income: $1918 Airbnb ROI: N/A Traditional ROI: 6.21%
340 W Lakeside Ct Cheney, KS Meticulously clean and exceptionally well-maintained zero-entry 3 bedroom 2 1/2 bathroom h...	3 beds \| 3 baths \| 1,771 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.02% Airbnb Rental Income: $null Traditional Rental Income: $2274 Airbnb ROI: N/A Traditional ROI: 3.02%
927 N 343rd St W Cheney, KS 20 Acres. No HOA. Room to Breathe - and Then Some. If you've been looking for acreage that...	3 beds \| 3 baths \| 2,462 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.77% Airbnb Rental Income: $null Traditional Rental Income: $2251 Airbnb ROI: N/A Traditional ROI: 1.77%

Real Estate investment in Cheney, KS

There are 23 properties for sale in the city of Cheney . The median list price in Cheney is $404,998 and the average price per square foot is $268. In May 2026, the average monthly cash on cash return in Cheney is 3.00%. The average monthly rental income in Cheney is $487.

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

There are 23 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 $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Cheney, KS

432 N Washington St

Cheney, KS

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

$450,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.35%

Airbnb Rental Income: $null

Traditional Rental Income: $1600

Airbnb ROI: N/A

Traditional ROI: 1.35%

0 SW Corner of 391st & 15th St

Cheney, KS

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

$420,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.57%

Airbnb Rental Income: $null

Traditional Rental Income: $418

Airbnb ROI: N/A

Traditional ROI: -1.57%

324 W Cherry Oaks St

Cheney, KS

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

$24,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.91%

Airbnb Rental Income: $null

Traditional Rental Income: $428

Airbnb ROI: N/A

Traditional ROI: 8.91%

211 W Cherry Oaks St

Cheney, KS

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

$25,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.54%

Airbnb Rental Income: $null

Traditional Rental Income: $428

Airbnb ROI: N/A

Traditional ROI: 8.54%

301 W Cherry Oaks St

Cheney, KS

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

$34,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6%

Airbnb Rental Income: $null

Traditional Rental Income: $428

Airbnb ROI: N/A

Traditional ROI: 6%

Lot 34 Lakeside Dr

Cheney, KS

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

$26,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.15%

Airbnb Rental Income: $null

Traditional Rental Income: $428

Airbnb ROI: N/A

Traditional ROI: 8.15%

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

$23,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.31%

Airbnb Rental Income: $null

Traditional Rental Income: $428

Airbnb ROI: N/A