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 \| 2 baths \| 3,238 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.48% Airbnb Rental Income: $null Traditional Rental Income: $1600 Airbnb ROI: N/A Traditional ROI: 1.48%
0 SW Corner of 391st & 15th St Cheney, KS	N/A beds \| N/A baths \| N/A	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.53% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: -1.53%
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	$65,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.66% Airbnb Rental Income: $null Traditional Rental Income: $418 Airbnb ROI: N/A Traditional ROI: 2.66%
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 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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.07% Airbnb Rental Income: $null Traditional Rental Income: $1619 Airbnb ROI: N/A Traditional ROI: 4.07%
413 W Cherry Oaks Cheney, KS	5 beds \| 3 baths \| 3,476 sq.ft.	$482,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $2417 Airbnb ROI: N/A Traditional ROI: 2.67%
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%
2500 S 383rd Ct W Cheney, KS	4 beds \| 3 baths \| 4,073 sq.ft.	$615,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.21% Airbnb Rental Income: $null Traditional Rental Income: $2168 Airbnb ROI: N/A Traditional ROI: 1.21%
326 W 3rd Ave Cheney, KS	2 beds \| 2 baths \| 2,879 sq.ft.	$160,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 6.89% Airbnb Rental Income: $1051 Traditional Rental Income: $1510 Airbnb ROI: 1.5% Traditional ROI: 6.89%
000 SE 40 St Cheney, KS	N/A beds \| N/A baths \| N/A	$374,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.23% Airbnb Rental Income: $null Traditional Rental Income: $502 Airbnb ROI: N/A Traditional ROI: -1.23%
303 E Evergreen Ct Cheney, KS LOVE WHERE YOU LIVE! Welcome home to Cheney into this move-in ready home, just blocks from...	3 beds \| 2 baths \| 1,893 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.96% Airbnb Rental Income: $null Traditional Rental Income: $2008 Airbnb ROI: N/A Traditional ROI: 3.96%
206 E 1st Ave Cheney, KS Carefully cared for and upgraded, this apartment condo offers two bedrooms and a bathroom ...	2 beds \| 2 baths \| 1,550 sq.ft.	$125,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 8.1% Airbnb Rental Income: $1051 Traditional Rental Income: $1602 Airbnb ROI: 0.49% Traditional ROI: 8.1%
7550 S 327th St W Cheney, KS	6 beds \| 4 baths \| 3,963 sq.ft.	$1,575,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.04% Airbnb Rental Income: $null Traditional Rental Income: $3550 Airbnb ROI: N/A Traditional ROI: -0.04%
201 Filmore St Cheney, KS	4 beds \| 3 baths \| 2,070 sq.ft.	$278,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: 5.74%
0000 S 375th St W Cheney, KS	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.06% Airbnb Rental Income: $null Traditional Rental Income: $502 Airbnb ROI: N/A Traditional ROI: 0.06%
229 W Lakeside Dr Cheney, KS The definition of Comfort, Quality & Thoughtful Design! Beautifully crafted 3-bedroom, 3-b...	3 beds \| 3 baths \| 2,664 sq.ft.	$429,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.52% Airbnb Rental Income: $null Traditional Rental Income: $2459 Airbnb ROI: N/A Traditional ROI: 3.52%
303 E 4th Ave Cheney, KS Welcome home to this spacious 4-bedroom, 2-bath ranch situated on a large corner lot in th...	4 beds \| 2 baths \| 1,545 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.89% Airbnb Rental Income: $null Traditional Rental Income: $1857 Airbnb ROI: N/A Traditional ROI: 8.89%
30121 W 63rd St S Cheney, KS	3 beds \| 2 baths \| 2,126 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.74% Airbnb Rental Income: $null Traditional Rental Income: $2164 Airbnb ROI: N/A Traditional ROI: 2.74%

Real Estate investment in Cheney, KS

There are 27 properties for sale in the city of Cheney . The median list price in Cheney is $179,907 and the average price per square foot is $115. In June 2026, the average monthly cash on cash return in Cheney is 4.00%. The average monthly rental income in Cheney is $501.

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

There are 27 investment properties available for sale in Cheney.

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

The ROI for Long-Term is higher than the Short-Term in Cheney with average rental income of $501.

Your search for investment property begins and ends here

Investment Property for Sale in Cheney, KS

432 N Washington St

Cheney, KS

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

$425,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1600

Airbnb ROI: N/A

Traditional ROI: 1.48%

0 SW Corner of 391st & 15th St

Cheney, KS

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

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.53%

Airbnb Rental Income: $null

Traditional Rental Income: $418

Airbnb ROI: N/A

Traditional ROI: -1.53%

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