Real Estate Investment Properties for Sale in Cheney, WA

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

Explore a variety of short-term homes & houses in Cheney, WA. Invest wisely with VRBO & Cheney, WA 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, WA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
TBD Lorna Ln Lot I & J Cheney, WA TBD Lorna Ln Lot I & J, Cheney, WA 99002 \| Other	N/A beds \| N/A baths \| N/A	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.98% Airbnb Rental Income: $null Traditional Rental Income: $981 Airbnb ROI: N/A Traditional ROI: 2.98%
TBD Lorna Ln Lot I Cheney, WA TBD Lorna Ln Lot I, Cheney, WA 99002 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.26% Airbnb Rental Income: $null Traditional Rental Income: $981 Airbnb ROI: N/A Traditional ROI: 7.26%
TBD Lorna Ln Lot J Cheney, WA TBD Lorna Ln Lot J, Cheney, WA 99002 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.26% Airbnb Rental Income: $null Traditional Rental Income: $981 Airbnb ROI: N/A Traditional ROI: 7.26%
16309 S Cheney Spokane Rd Cheney, WA Life in the country....But close in Easy Living - with animals! Horses, Goats, Chickens or...	3 beds \| N/A baths \| 1,605 sq.ft.	$585,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.74% Airbnb Rental Income: $null Traditional Rental Income: $2503 Airbnb ROI: N/A Traditional ROI: 2.74%
7114 W Melville Rd Cheney, WA Back on Market at no fault of sellers. Home was through inspection and VA appraisal- at va...	4 beds \| N/A baths \| 2,792 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $3310 Airbnb ROI: N/A Traditional ROI: 3.47%
10510 W Richland Rd #105 Cheney, WA Like new 2018 quality built manufactured/"condo" conversion 3 bed 2 bath home w/huge wonde...	3 beds \| N/A baths \| 1,365 sq.ft.	$299,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $1666 Airbnb ROI: N/A Traditional ROI: 3.67%
9302 W Floyd Dr Cheney, WA Exquisite 4 bedroom 3 bath single-level home just 10-15 min from downtown Spokane, the Air...	4 beds \| N/A baths \| 2,437 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $2415 Airbnb ROI: N/A Traditional ROI: 2.18%
36321 S Bootstrap Ln Cheney, WA Enjoy the perfect blend of modern luxury and peaceful countryside living in this 3 bed, 2 ...	N/A beds \| N/A baths \| 2,277 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.2% Airbnb Rental Income: $null Traditional Rental Income: $2395 Airbnb ROI: N/A Traditional ROI: 11.2%
10326 W Salmonberry Rd Cheney, WA Discover this charming new rancher with modern features and classic appeal. Built in 2022,...	3 beds \| N/A baths \| 1,340 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $2191 Airbnb ROI: N/A Traditional ROI: 3.95%
422 4th St Cheney, WA Attention Investors! Exceptional 4-Unit Rental Income Property near EWU!This well-maintain...	4 beds \| N/A baths \| 2,215 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.46% Airbnb Rental Income: $null Traditional Rental Income: $1956 Airbnb ROI: N/A Traditional ROI: 2.46%
19124 W Bunker Rd Cheney, WA A rare find! Here's your chance to have a built home at Williams lake on owned land! Enjoy...	3 beds \| N/A baths \| 1,500 sq.ft.	$465,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.39% Airbnb Rental Income: $null Traditional Rental Income: $1882 Airbnb ROI: N/A Traditional ROI: 2.39%
7102 S Hever St Cheney, WA Space, style & functionality come together in this stunning 5 bed, 3 bath home located in ...	5 beds \| N/A baths \| 2,664 sq.ft.	$589,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.59% Airbnb Rental Income: $null Traditional Rental Income: $3096 Airbnb ROI: N/A Traditional ROI: 3.59%
4605 W Pinto Rd Cheney, WA Custom Contemporary Home! Country Living! Close to Everything! This stunning home offers v...	3 beds \| N/A baths \| 2,800 sq.ft.	$600,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.29% Airbnb Rental Income: $null Traditional Rental Income: $2321 Airbnb ROI: N/A Traditional ROI: 2.29%
10113 W Raspberry Ave Cheney, WA Welcome to this inviting home in Cheney, offering space, comfort, and an attractive yard r...	4 beds \| N/A baths \| 2,320 sq.ft.	$469,999	Airbnb cash on cash: N/A Traditional cash on cash: 2.61% Airbnb Rental Income: $null Traditional Rental Income: $2108 Airbnb ROI: N/A Traditional ROI: 2.61%
12511 S State Route 904 Hwy Cheney, WA Discover the perfect blend of modern updates and timeless charm in this spacious 3,100 sq....	4 beds \| N/A baths \| 3,142 sq.ft.	$499,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.93% Airbnb Rental Income: $null Traditional Rental Income: $2407 Airbnb ROI: N/A Traditional ROI: 2.93%
2620 Eton Ln Cheney, WA Spacious 4-Bedroom Home with Large Fenced Yard in Prime Cheney Location! Welcome to this b...	4 beds \| N/A baths \| 2,010 sq.ft.	$410,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2817 Airbnb ROI: N/A Traditional ROI: 5.01%
8207 S Avery Rd Cheney, WA Modern Home with Practical Design. This newer home with four bedrooms and two bathrooms is...	4 beds \| N/A baths \| 1,797 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $2547 Airbnb ROI: N/A Traditional ROI: 3.84%
20902 S Ritchey Rd Cheney, WA 20902 S Ritchey Rd, Cheney, WA 99004 \| Single Family Residential	6 beds \| N/A baths \| 5,490 sq.ft.	$699,995	Airbnb cash on cash: N/A Traditional cash on cash: 8.12% Airbnb Rental Income: $null Traditional Rental Income: $6682 Airbnb ROI: N/A Traditional ROI: 8.12%
7912 S Strawberry St Cheney, WA 7912 S Strawberry St, Cheney, WA 99004 \| Single Family Residential	3 beds \| N/A baths \| 1,876 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.99% Airbnb Rental Income: $null Traditional Rental Income: $2215 Airbnb ROI: N/A Traditional ROI: 3.99%
17210 S Bluebird Rd Cheney, WA 17210 S Bluebird Rd, Cheney, WA 99004 \| Manufactured Home	4 beds \| N/A baths \| 2,432 sq.ft.	$455,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.71% Airbnb Rental Income: $null Traditional Rental Income: $2515 Airbnb ROI: N/A Traditional ROI: 3.71%
19012 W Pommier Rd Cheney, WA 19012 W Pommier Rd, Cheney, WA 99004 \| Single Family Residential	3 beds \| N/A baths \| 3,396 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.45% Airbnb Rental Income: $null Traditional Rental Income: $2545 Airbnb ROI: N/A Traditional ROI: 1.45%
4611 W Anderson Rd Cheney, WA 4611 W Anderson Rd, Cheney, WA 99004 \| Single Family Residential	6 beds \| N/A baths \| 3,768 sq.ft.	$2,250,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.22% Airbnb Rental Income: $null Traditional Rental Income: $4670 Airbnb ROI: N/A Traditional ROI: 0.22%
1239 1st St Cheney, WA 1239 1st St, Cheney, WA 99004 \| Multi Family	6 beds \| N/A baths \| 2,832 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.69% Airbnb Rental Income: $null Traditional Rental Income: $4387 Airbnb ROI: N/A Traditional ROI: 5.69%
37227 S Long Rd Cheney, WA 37227 S Long Rd, Cheney, WA 99004 \| Single Family Residential	2 beds \| 2 baths \| 2,732 sq.ft.	$5,995,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.55% Airbnb Rental Income: $null Traditional Rental Income: $2434 Airbnb ROI: N/A Traditional ROI: -1.55%
729 Montague Dr Cheney, WA 729 Montague Dr, Cheney, WA 99004 \| Single Family Residential	3 beds \| N/A baths \| 3,596 sq.ft.	$685,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.73% Airbnb Rental Income: $null Traditional Rental Income: $2461 Airbnb ROI: N/A Traditional ROI: 1.73%
3714 W Jensen Rd Cheney, WA 3714 W Jensen Rd, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$154,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.78% Airbnb Rental Income: $null Traditional Rental Income: $939 Airbnb ROI: N/A Traditional ROI: 3.78%
23912 S B St Cheney, WA 23912 S B St, Cheney, WA 99004 \| Manufactured Home	2 beds \| N/A baths \| 0 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.64% Airbnb Rental Income: $null Traditional Rental Income: $944 Airbnb ROI: N/A Traditional ROI: 1.64%
17700Blk W Williams Lake Rd Cheney, WA 17700Blk W Williams Lake Rd, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$89,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.4% Airbnb Rental Income: $null Traditional Rental Income: $1091 Airbnb ROI: N/A Traditional ROI: 9.4%
15211 S Betz Rd Cheney, WA 15211 S Betz Rd, Cheney, WA 99004 \| Single Family Residential	2 beds \| N/A baths \| N/A	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.39% Airbnb Rental Income: $null Traditional Rental Income: $1634 Airbnb ROI: N/A Traditional ROI: 0.39%
19303 W Penners Ln Cheney, WA 19303 W Penners Ln, Cheney, WA 99004 \| Single Family Residential	3 beds \| N/A baths \| 3,433 sq.ft.	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.16% Airbnb Rental Income: $null Traditional Rental Income: $1448 Airbnb ROI: N/A Traditional ROI: -0.16%
317 Peach Tree Ct Cheney, WA 317 Peach Tree Ct, Cheney, WA 99004 \| Single Family Residential	3 beds \| N/A baths \| 1,800 sq.ft.	$499,990	Airbnb cash on cash: N/A Traditional cash on cash: 2.69% Airbnb Rental Income: $null Traditional Rental Income: $2294 Airbnb ROI: N/A Traditional ROI: 2.69%
2414 Annie Pl Cheney, WA 2414 Annie Pl, Cheney, WA 99004 \| Single Family Residential	3 beds \| N/A baths \| 1,235 sq.ft.	$434,990	Airbnb cash on cash: N/A Traditional cash on cash: 2.64% Airbnb Rental Income: $null Traditional Rental Income: $1990 Airbnb ROI: N/A Traditional ROI: 2.64%
UNK S Cheney Plaza Rd #12242.9010 Cheney, WA UNK S Cheney Plaza Rd #12242.9010, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$209,088	Airbnb cash on cash: N/A Traditional cash on cash: 0.8% Airbnb Rental Income: $null Traditional Rental Income: $642 Airbnb ROI: N/A Traditional ROI: 0.8%
84 Terra Vista St Lot 1 Cheney, WA 84 Terra Vista St Lot 1, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $939 Airbnb ROI: N/A Traditional ROI: 5.06%
7916 S Parway Ln Cheney, WA 7916 S Parway Ln, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $1064 Airbnb ROI: N/A Traditional ROI: 6.49%
307 Peach Tree Ct Cheney, WA 307 Peach Tree Ct, Cheney, WA 99004 \| Single Family Residential	3 beds \| N/A baths \| 1,235 sq.ft.	$424,990	Airbnb cash on cash: N/A Traditional cash on cash: 2.74% Airbnb Rental Income: $null Traditional Rental Income: $1990 Airbnb ROI: N/A Traditional ROI: 2.74%
UNK S Cheney Plaza Rd #12242.9013 Cheney, WA UNK S Cheney Plaza Rd #12242.9013, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$292,723	Airbnb cash on cash: N/A Traditional cash on cash: 1.1% Airbnb Rental Income: $null Traditional Rental Income: $939 Airbnb ROI: N/A Traditional ROI: 1.1%
15275 S Andrus Rd Lot 1 Cheney, WA 15275 S Andrus Rd Lot 1, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 2,102 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.59% Airbnb Rental Income: $null Traditional Rental Income: $661 Airbnb ROI: N/A Traditional ROI: 0.59%
88xx S Fruitvale Ln Cheney, WA 88xx S Fruitvale Ln, Cheney, WA 99004 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.31% Airbnb Rental Income: $null Traditional Rental Income: $642 Airbnb ROI: N/A Traditional ROI: 0.31%
16514 S Malloy Prairie Rd Cheney, WA 16514 S Malloy Prairie Rd, Cheney, WA 99004 \| Single Family Residential	4 beds \| N/A baths \| 3,092 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $2520 Airbnb ROI: N/A Traditional ROI: 2.19%

Real Estate investment in Cheney, WA

There are 254 properties for sale in the city of Cheney . The median list price in Cheney is $403,234 and the average price per square foot is $198. In August 2026, the average monthly cash on cash return in Cheney is 3.00%. The average monthly rental income in Cheney is $1,730.

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

There are 254 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 $1,730.

Your search for investment property begins and ends here

Investment Property for Sale in Cheney, WA

TBD Lorna Ln Lot I & J

Cheney, WA

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

$189,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.98%

Airbnb Rental Income: $null

Traditional Rental Income: $981

Airbnb ROI: N/A

Traditional ROI: 2.98%

TBD Lorna Ln Lot I

Cheney, WA

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

$99,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.26%

Airbnb Rental Income: $null

Traditional Rental Income: $981

Airbnb ROI: N/A

Traditional ROI: 7.26%

TBD Lorna Ln Lot J

Cheney, WA

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

$99,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.26%

Airbnb Rental Income: $null

Traditional Rental Income: $981

Airbnb ROI: N/A

Traditional ROI: 7.26%

16309 S Cheney Spokane Rd

Cheney, WA

3 beds | N/A baths | 1,605 sq.ft.

$585,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.74%

Airbnb Rental Income: $null

Traditional Rental Income: $2503

Airbnb ROI: N/A

Traditional ROI: 2.74%

7114 W Melville Rd

Cheney, WA

4 beds | N/A baths | 2,792 sq.ft.

$650,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.47%

Airbnb Rental Income: $null

Traditional Rental Income: $3310

Airbnb ROI: N/A

Traditional ROI: 3.47%

10510 W Richland Rd #105

Cheney, WA

3 beds | N/A baths | 1,365 sq.ft.

$299,999

Airbnb cash on cash: N/A

Traditional cash on cash: 3.67%

Airbnb Rental Income: $null

Traditional Rental Income: $1666

Airbnb ROI: N/A

Traditional ROI: 3.67%

9302 W Floyd Dr

Cheney, WA

4 beds | N/A baths | 2,437 sq.ft.

$625,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2415

Airbnb ROI: N/A

Traditional ROI: 2.18%

36321 S Bootstrap Ln

Cheney, WA

N/A beds | N/A baths | 2,277 sq.ft.

$190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.2%

Airbnb Rental Income: $null

Traditional Rental Income: $2395

Airbnb ROI: N/A