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
16309 S Cheney Spokane Rd Cheney, WA Life in the country....But close in Easy Living - with animals! Horses, Goats, Chickens o...	3 beds \| 2 baths \| 1,605 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.66% Airbnb Rental Income: $null Traditional Rental Income: $2503 Airbnb ROI: N/A Traditional ROI: 2.66%
35315 S Bootstrap Ln Cheney, WA THE BUILDER IS WILLING TO CUSTOMIZE THE EXISTING 1-BEDROOM, 1-BATHROOM HOME BY ADDING ADDI...	3 beds \| 2 baths \| 2,180 sq.ft.	$600,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $2380 Airbnb ROI: N/A Traditional ROI: 2.67%
18617 W Williams Lake Rd Cheney, WA Waterfront Living on Williams Lake! Enjoy year-round lakeside living in this beautifully ...	2 beds \| 1 baths \| 750 sq.ft.	$249,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.26% Airbnb Rental Income: $null Traditional Rental Income: $1578 Airbnb ROI: N/A Traditional ROI: 5.26%
10510 W Richland Rd Cheney, WA Recently updated 3-bedroom 2-bath home with over 1400 sq ft in a highly desired manufactur...	3 beds \| 2 baths \| 1,404 sq.ft.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.72% Airbnb Rental Income: $null Traditional Rental Income: $1666 Airbnb ROI: N/A Traditional ROI: 3.72%
36321 S Bootstrap Ln Cheney, WA Enjoy the perfect blend of modern luxury and peaceful countryside living in this 3 bed, 2 ...	3 beds \| 2 baths \| 2,277 sq.ft.	$795,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.99% Airbnb Rental Income: $null Traditional Rental Income: $2395 Airbnb ROI: N/A Traditional ROI: 1.99%
36377 S Bootstrap Ln Cheney, WA Enjoy the perfect blend of modern luxury and peaceful countryside living in this 3 bed, 2 ...	3 beds \| 2 baths \| 2,196 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.28% Airbnb Rental Income: $null Traditional Rental Income: $2389 Airbnb ROI: N/A Traditional ROI: 2.28%
10510 W Richland #36 Rd Cheney, WA Immaculate home in GATED All-Ages Hayford Village located about a mile off the I-90/Medica...	2 beds \| 1 baths \| 1,008 sq.ft.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.02% Airbnb Rental Income: $null Traditional Rental Income: $1815 Airbnb ROI: N/A Traditional ROI: 11.02%
14414 S Stangland Rd Cheney, WA Versatile Property with 8,000 Sq Ft Shop/Home on 20 Acres â A Rare Opportunity! Discover...	3 beds \| 2 baths \| 1,600 sq.ft.	$1,599,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.36% Airbnb Rental Income: $null Traditional Rental Income: $2452 Airbnb ROI: N/A Traditional ROI: 0.36%
4605 W Pinto Rd Cheney, WA Custom Contemporary Home! Country Living! Close to Everything! This stunning home offers ...	3 beds \| 3 baths \| 2,842 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.16% Airbnb Rental Income: $null Traditional Rental Income: $2321 Airbnb ROI: N/A Traditional ROI: 2.16%
7316 S DOUR St Cheney, WA Welcome to this beautifully cared-for rancher in a warm and inviting community just minute...	4 beds \| 2 baths \| 1,931 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.34% Airbnb Rental Income: $null Traditional Rental Income: $2119 Airbnb ROI: N/A Traditional ROI: 3.34%
17621 S Lois Dr Cheney, WA Here's your chance! Back on Market! No fault of seller. Enjoy peaceful country living on t...	3 beds \| 2 baths \| 1,971 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.74% Airbnb Rental Income: $null Traditional Rental Income: $1906 Airbnb ROI: N/A Traditional ROI: 2.74%
9511 FLOYD DR Cheney, WA PRICE REDUCED! Experience comfort & style in this beautifully maintained 4BR/2BA home, tho...	4 beds \| 2 baths \| 2,279 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.79% Airbnb Rental Income: $null Traditional Rental Income: $2820 Airbnb ROI: N/A Traditional ROI: 2.79%
15515 S Curtis Rd Cheney, WA Relax in the peace and quiet of the country while living 20 minutes from downtown Spokane ...	3 beds \| 2 baths \| 1,728 sq.ft.	$545,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.13% Airbnb Rental Income: $null Traditional Rental Income: $2165 Airbnb ROI: N/A Traditional ROI: 2.13%
16511 W Rolling Hills Ln Cheney, WA This stunning Gordon Finch home sits on 10 acres inside Rolling Hills Estates! This small ...	4 beds \| 2 baths \| 2,374 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.6% Airbnb Rental Income: $null Traditional Rental Income: $2351 Airbnb ROI: N/A Traditional ROI: 1.6%
8005 S Avery Rd Cheney, WA If you're looking for a like-new home, with thoughtful upgrades throughout, then this 4 be...	4 beds \| 3 baths \| 2,293 sq.ft.	$519,999	Airbnb cash on cash: N/A Traditional cash on cash: 2.21% Airbnb Rental Income: $null Traditional Rental Income: $2319 Airbnb ROI: N/A Traditional ROI: 2.21%
1116 Greenfield Dr Cheney, WA Attention investors, this duplex delivers strong rental appeal with its convenient locatio...	N/A beds \| N/A baths \| 3,544 sq.ft.	$689,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.92% Airbnb Rental Income: $null Traditional Rental Income: $2018 Airbnb ROI: N/A Traditional ROI: 0.92%
35210 S Long Rd Cheney, WA Step into a home thatâs as unique as your dreams. This one-of-a-kind, custom-built shop ...	3 beds \| 2 baths \| 6,600 sq.ft.	$724,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.11% Airbnb Rental Income: $null Traditional Rental Income: $1903 Airbnb ROI: N/A Traditional ROI: 1.11%
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 \| 2 baths \| 3,142 sq.ft.	$539,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.64% Airbnb Rental Income: $null Traditional Rental Income: $2407 Airbnb ROI: N/A Traditional ROI: 2.64%
27711 S Cheney Spangle Rd Cheney, WA Discover your dream country retreat in Cheney! This versatile property features a beautifu...	4 beds \| 3 baths \| 2,512 sq.ft.	$674,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.58% Airbnb Rental Income: $null Traditional Rental Income: $2934 Airbnb ROI: N/A Traditional ROI: 2.58%
8017 S Fruitvale Ln Cheney, WA Welcome to Fairway Greens! This meticulously maintained 3bd/2bth home is located on the 8t...	3 beds \| 2 baths \| 1,578 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $2566 Airbnb ROI: N/A Traditional ROI: 4.17%
11719 W Cheney-Plaza Rd Cheney, WA Set on 120 acres, this one-owner custom home was built with timber harvested from the land...	3 beds \| 2 baths \| 2,476 sq.ft.	$975,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.69% Airbnb Rental Income: $null Traditional Rental Income: $2935 Airbnb ROI: N/A Traditional ROI: 1.69%
17522 S Lois Dr Cheney, WA Welcome to your dream escape! Tucked away on 10.3 quiet, serene acres this property offers...	3 beds \| 2 baths \| 1,566 sq.ft.	$520,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $2495 Airbnb ROI: N/A Traditional ROI: 3.5%
2620 Eton Ln Cheney, WA Spacious 4-Bedroom Home with Large Fenced Yard in Prime Cheney Location! Welcome to this b...	4 beds \| 3 baths \| 2,010 sq.ft.	$399,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $2817 Airbnb ROI: N/A Traditional ROI: 5.15%
807 Front St Cheney, WA Step back in time with this enchanting 1884 farmhouse situated on 7.69 peaceful acres just...	3 beds \| 2 baths \| 2,405 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.65% Airbnb Rental Income: $null Traditional Rental Income: $2820 Airbnb ROI: N/A Traditional ROI: 4.65%
16771 S Sherman Rd Cheney, WA This custom contemporary home with striking modern architecture and high-end finishes, fea...	4 beds \| 3 baths \| 1,953 sq.ft.	$1,090,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.54% Airbnb Rental Income: $null Traditional Rental Income: $3159 Airbnb ROI: N/A Traditional ROI: 1.54%
7418 S Dour St Cheney, WA Come into this 4-bed, 2.5-bath corner-lot home that blends modern layout with cozy charm....	4 beds \| 3 baths \| 2,119 sq.ft.	$439,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $2837 Airbnb ROI: N/A Traditional ROI: 4.71%
9718 W Masters Ln Cheney, WA Welcome to this stunning 5-bedroom, 4-bathroom home tucked away on a private cul-de-sac in...	5 beds \| 4 baths \| 3,901 sq.ft.	$615,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.22% Airbnb Rental Income: $null Traditional Rental Income: $2485 Airbnb ROI: N/A Traditional ROI: 2.22%
8113 S Safflower St Cheney, WA Step into modern comfort with this better-than-new 2022-built rancher with all the perks o...	3 beds \| 2 baths \| 1,287 sq.ft.	$370,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $2208 Airbnb ROI: N/A Traditional ROI: 4.71%
520 Scenic Heights Cheney, WA Must see this beautiful brand new interior remodel along with a brand new roof. Everything...	5 beds \| 2 baths \| 1,948 sq.ft.	$349,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.57% Airbnb Rental Income: $null Traditional Rental Income: $2243 Airbnb ROI: N/A Traditional ROI: 4.57%
2215 N 8th St Cheney, WA Welcome to a one of a kind Victorian gem in the heart of Cheney, bursting with color, char...	4 beds \| 3 baths \| 2,189 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $2156 Airbnb ROI: N/A Traditional ROI: 3.27%
21123 S Cheney Spangle Rd Cheney, WA Escape to your private oasis just minutes from Cheney! Nestled on a private, treed 20-acre...	4 beds \| 3 baths \| N/A	$824,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.27% Airbnb Rental Income: $null Traditional Rental Income: $2375 Airbnb ROI: N/A Traditional ROI: 1.27%
8506 W Silver St Cheney, WA 2022 Cambridge with 4 bedrooms, 3 baths, and a versatile 5th bonus room for play, office, ...	4 beds \| 3 baths \| 2,330 sq.ft.	$489,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.22% Airbnb Rental Income: $null Traditional Rental Income: $2470 Airbnb ROI: N/A Traditional ROI: 3.22%
8404 W Silver St Cheney, WA NEW PRICE! Get MORE SPACE, a FULLY FENCED & LANDSCAPED YARD, SAVE MONEY & MOVE IN NOW! Pr...	4 beds \| 2 baths \| 1,795 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.18% Airbnb Rental Income: $null Traditional Rental Income: $2137 Airbnb ROI: N/A Traditional ROI: 3.18%
806 Moyer St Cheney, WA Set on a corner lot in a quiet neighborhood, this home offers plenty of room to enjoy both...	4 beds \| 3 baths \| 1,756 sq.ft.	$324,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.91% Airbnb Rental Income: $null Traditional Rental Income: $2839 Airbnb ROI: N/A Traditional ROI: 6.91%
7619 S Camille Ct Cheney, WA Ideal Starter or Retirement Home in Cheney - ADA-Friendly & Family Ready! *Seller offerin...	3 beds \| 2 baths \| 1,169 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.47% Airbnb Rental Income: $null Traditional Rental Income: $2180 Airbnb ROI: N/A Traditional ROI: 4.47%
8112 S Colwood Rd Cheney, WA Skip the wait and the extra expenses of a new buildâthis 2022 home in Cheney, WA is move...	4 beds \| 3 baths \| 1,752 sq.ft.	$419,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $2715 Airbnb ROI: N/A Traditional ROI: 4.7%

Real Estate investment in Cheney, WA

There are 38 properties for sale in the city of Cheney . The median list price in Cheney is $499,900 and the average price per square foot is $230. In October 2025, the average monthly cash on cash return in Cheney is 3.00%. The average monthly rental income in Cheney is $2,351.

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

There are 38 investment properties available for sale in Cheney.

In 2025, 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, WA

16309 S Cheney Spokane Rd

Cheney, WA

3 beds | 2 baths | 1,605 sq.ft.

$599,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.66%

Airbnb Rental Income: $null

Traditional Rental Income: $2503

Airbnb ROI: N/A

Traditional ROI: 2.66%

35315 S Bootstrap Ln

Cheney, WA

3 beds | 2 baths | 2,180 sq.ft.

$600,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2380

Airbnb ROI: N/A

Traditional ROI: 2.67%

18617 W Williams Lake Rd

Cheney, WA

2 beds | 1 baths | 750 sq.ft.

$249,999

Airbnb cash on cash: N/A

Traditional cash on cash: 5.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1578

Airbnb ROI: N/A

Traditional ROI: 5.26%

10510 W Richland Rd

Cheney, WA

3 beds | 2 baths | 1,404 sq.ft.

$135,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.72%

Airbnb Rental Income: $null

Traditional Rental Income: $1666

Airbnb ROI: N/A

Traditional ROI: 3.72%

36321 S Bootstrap Ln

Cheney, WA

3 beds | 2 baths | 2,277 sq.ft.

$795,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.99%

Airbnb Rental Income: $null

Traditional Rental Income: $2395

Airbnb ROI: N/A

Traditional ROI: 1.99%

36377 S Bootstrap Ln

Cheney, WA

3 beds | 2 baths | 2,196 sq.ft.

$725,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.28%

Airbnb Rental Income: $null

Traditional Rental Income: $2389

Airbnb ROI: N/A

Traditional ROI: 2.28%

10510 W Richland #36 Rd

Cheney, WA

2 beds | 1 baths | 1,008 sq.ft.

$135,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.02%

Airbnb Rental Income: $null

Traditional Rental Income: $1815

Airbnb ROI: N/A

Traditional ROI: 11.02%

14414 S Stangland Rd

Cheney, WA

3 beds | 2 baths | 1,600 sq.ft.

$1,599,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2452

Airbnb ROI: N/A