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 or...	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%
7717 S Blackberry St Cheney, WA Charming 3BR, 1BA zero-step rancher in a prime location! This main-floor living home featu...	3 beds \| 1 baths \| 1,072 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.03% Airbnb Rental Income: $null Traditional Rental Income: $1905 Airbnb ROI: N/A Traditional ROI: 4.03%
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 u...	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.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $1666 Airbnb ROI: N/A Traditional ROI: 3.93%
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 - A Rare Opportunity! Discover a...	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%
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%
25012 S Harmony Rd Cheney, WA 35+ Acre Ranch in Cheney WA! This Beautiful Working Ranch Property Features: a Home with 3...	3 beds \| 2 baths \| 3,583 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.25% Airbnb Rental Income: $null Traditional Rental Income: $2046 Airbnb ROI: N/A Traditional ROI: 1.25%
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%
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 that's as unique as your dreams. This one-of-a-kind, custom-built shop ho...	3 beds \| 2 baths \| 6,600 sq.ft.	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.26% Airbnb Rental Income: $null Traditional Rental Income: $1903 Airbnb ROI: N/A Traditional ROI: 1.26%
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.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.73% Airbnb Rental Income: $null Traditional Rental Income: $2407 Airbnb ROI: N/A Traditional ROI: 2.73%
27711 S Cheney Spangle Rd Cheney, WA No dirt and rocks to ding your paint. This country retreat is on paved roads. Looking for ...	4 beds \| 3 baths \| 2,512 sq.ft.	$700,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.45% Airbnb Rental Income: $null Traditional Rental Income: $2934 Airbnb ROI: N/A Traditional ROI: 2.45%
17522 S Lois Dr Cheney, WA Welcome to your dream escape! Whether you're looking for a permanent residence, a private ...	3 beds \| 2 baths \| 1,566 sq.ft.	$499,950	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $2495 Airbnb ROI: N/A Traditional ROI: 3.67%
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.	$990,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.79% Airbnb Rental Income: $null Traditional Rental Income: $3159 Airbnb ROI: N/A Traditional ROI: 1.79%
9019 W Sugar St Cheney, WA Beautifully updated 3BR/2BA Cheney home on a quiet cul-de-sac! Nearly every surface refres...	3 beds \| 2 baths \| 1,991 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.5% Airbnb Rental Income: $null Traditional Rental Income: $2610 Airbnb ROI: N/A Traditional ROI: 4.5%
20112 S Short Rd Cheney, WA Nestled on over 42 acres of serene natural beauty, this 4 bed/3 bath cabin offers the perf...	4 beds \| 3 baths \| 3,045 sq.ft.	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.81% Airbnb Rental Income: $null Traditional Rental Income: $3500 Airbnb ROI: N/A Traditional ROI: 2.81%
6709 S Chumani Rd Cheney, WA Beautifully maintained two-story home in a prime location-just minutes from Cheney, downto...	3 beds \| 3 baths \| 1,868 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.39% Airbnb Rental Income: $null Traditional Rental Income: $3002 Airbnb ROI: N/A Traditional ROI: 5.39%
21220 W Watt Rd Cheney, WA Experience timeless charm on 14.31 private acres with this beautiful Victorian-inspired ho...	4 beds \| 3 baths \| 2,288 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.26% Airbnb Rental Income: $null Traditional Rental Income: $3264 Airbnb ROI: N/A Traditional ROI: 3.26%
315 Plum Tree Ct Cheney, WA Welcome home to this spacious 5-bedroom, 2.5-bathroom gem tucked away on a quiet cul-de-sa...	5 beds \| 4 baths \| 3,182 sq.ft.	$479,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.16% Airbnb Rental Income: $null Traditional Rental Income: $4163 Airbnb ROI: N/A Traditional ROI: 7.16%
9326 S Spotted Rd Cheney, WA Welcome to your dream home nestled on 10 serene, level acres with a stunning private backd...	4 beds \| 4 baths \| 4,072 sq.ft.	$990,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.12% Airbnb Rental Income: $null Traditional Rental Income: $3801 Airbnb ROI: N/A Traditional ROI: 2.12%
1514 3rd St Cheney, WA Welcome to this charming duplex located in the heart of Cheney. Both units feature two bed...	N/A beds \| N/A baths \| 1,638 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $1696 Airbnb ROI: N/A Traditional ROI: 3.03%
9706 W 72nd Ave Cheney, WA Welcome Home! Cul-de-sac living at its best in Big Sky, just 2 short blocks away from Fair...	4 beds \| 3 baths \| 2,350 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.2% Airbnb Rental Income: $null Traditional Rental Income: $2979 Airbnb ROI: N/A Traditional ROI: 5.2%
S Andrus Rd Cheney, WA Experience exceptional craftsmanship with this high quality custom home built by JD West H...	4 beds \| 4 baths \| 3,030 sq.ft.	$1,095,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.04% Airbnb Rental Income: $null Traditional Rental Income: $3589 Airbnb ROI: N/A Traditional ROI: 2.04%
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%
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%
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.	$429,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.84% Airbnb Rental Income: $null Traditional Rental Income: $2837 Airbnb ROI: N/A Traditional ROI: 4.84%
7516 S Dana St Cheney, WA Welcome to this open concept home in Cheney that offers main floor living with 3 bedrooms ...	3 beds \| 2 baths \| 1,344 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.64% Airbnb Rental Income: $null Traditional Rental Income: $2263 Airbnb ROI: N/A Traditional ROI: 4.64%
515 Short St Cheney, WA Welcome to this bright, cheery, and impeccably maintained 5-bedroom, 3-bath rancher in the...	5 beds \| 3 baths \| 3,024 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $3183 Airbnb ROI: N/A Traditional ROI: 4.46%

Real Estate investment in Cheney, WA

There are 34 properties for sale in the city of Cheney . The median list price in Cheney is $512,475 and the average price per square foot is $228. In December 2025, the average monthly cash on cash return in Cheney is 3.00%. The average monthly rental income in Cheney is $2,395.

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

There are 34 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%

7717 S Blackberry St

Cheney, WA

3 beds | 1 baths | 1,072 sq.ft.

$325,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.03%

Airbnb Rental Income: $null

Traditional Rental Income: $1905

Airbnb ROI: N/A

Traditional ROI: 4.03%

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.

$129,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.93%

Airbnb Rental Income: $null

Traditional Rental Income: $1666

Airbnb ROI: N/A

Traditional ROI: 3.93%

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