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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
35315 S Bootstrap Ln Cheney, WA THE BUILDER IS WILLING TO CUSTOMIZE THE EXISTING 1-BEDROOM, 1-BATHROOM HOME BY ADDING ADDI...	3 beds \| N/A 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 \| N/A 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 Beautiful home in a wonderful community and situated with privacy on a community park spac...	3 beds \| N/A baths \| 1,400 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $1666 Airbnb ROI: N/A Traditional ROI: 3.27%
201 5th St Cheney, WA The Fifth Street Apartments are a well-located, low-maintenance fourplex with value-add po...	N/A beds \| N/A baths \| 3,406 sq.ft.	$410,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.88% Airbnb Rental Income: $null Traditional Rental Income: $1562 Airbnb ROI: N/A Traditional ROI: 1.88%
36321 S Bootstrap Ln Cheney, WA Enjoy the perfect blend of modern luxury and peaceful countryside living in this 3 bed, 2 ...	3 beds \| N/A 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 \| N/A 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%
9718 W Masters Ln Cheney, WA Stunning 5-bedroom, 4-bath home situated on a private cul-de-sac. With nearly 4,000 square...	5 beds \| N/A baths \| 3,901 sq.ft.	$674,999	Airbnb cash on cash: N/A Traditional cash on cash: 1.94% Airbnb Rental Income: $null Traditional Rental Income: $2485 Airbnb ROI: N/A Traditional ROI: 1.94%
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 \| N/A 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 \| N/A 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%
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 \| N/A 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%
25720 W Malloy Prairie Rd Cheney, WA Step into luxury and comfort with this sprawling one-level rancher, designed for both ever...	3 beds \| 3 baths \| 3,800 sq.ft.	$735,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.23% Airbnb Rental Income: $null Traditional Rental Income: $2147 Airbnb ROI: N/A Traditional ROI: 1.23%
520 Scenic Heights Cheney, WA Must see this beautiful brand new interior remodel along with a brand new roof. Everything...	5 beds \| N/A baths \| 1,948 sq.ft.	$384,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.98% Airbnb Rental Income: $null Traditional Rental Income: $2243 Airbnb ROI: N/A Traditional ROI: 3.98%
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 \| N/A 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 \| N/A 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%
4605 W Pinto Rd Cheney, WA Custom Contemporary Home! Country Living! Close to Everything! This stunning home offers ...	3 beds \| N/A baths \| 2,842 sq.ft.	$649,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.05% Airbnb Rental Income: $null Traditional Rental Income: $2321 Airbnb ROI: N/A Traditional ROI: 2.05%
7316 S DOUR St Cheney, WA Welcome to this beautifully maintained rancher tucked into a warm, welcoming community jus...	4 beds \| N/A 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%
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.	$660,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.74% Airbnb Rental Income: $null Traditional Rental Income: $2820 Airbnb ROI: N/A Traditional ROI: 2.74%
8403 W Red Ave Cheney, WA A D.R. Horton built home close to Fairchild AFB. This is an open concept living with one ...	3 beds \| N/A baths \| 1,466 sq.ft.	$424,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.19% Airbnb Rental Income: $null Traditional Rental Income: $2145 Airbnb ROI: N/A Traditional ROI: 3.19%
6718 S Chumani Rd Cheney, WA Price improvement! Like new, one adult owner rancher in a fantastic, convenient location c...	3 beds \| N/A baths \| 1,601 sq.ft.	$394,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $2158 Airbnb ROI: N/A Traditional ROI: 3.57%
10925 S Garfield Rd Cheney, WA Highly Motivated Sellers! Charming 4-bed, 2-bath home on 10 peaceful acres just minutes fr...	4 beds \| N/A baths \| 2,744 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.49% Airbnb Rental Income: $null Traditional Rental Income: $2351 Airbnb ROI: N/A Traditional ROI: 3.49%
728 Egret Ln Cheney, WA Welcome to one of Cheneyâs most desirable neighborhoods! This 5 bedroom, 2.5 bathroom ho...	5 beds \| N/A baths \| 2,246 sq.ft.	$500,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.99% Airbnb Rental Income: $null Traditional Rental Income: $2463 Airbnb ROI: N/A Traditional ROI: 2.99%
15515 S Curtis Rd Cheney, WA Relax in the peace and quiet of the country while living 20 minutes from downtown Spokane ...	3 beds \| N/A baths \| 1,728 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.02% Airbnb Rental Income: $null Traditional Rental Income: $2165 Airbnb ROI: N/A Traditional ROI: 2.02%
16511 W Rolling Hills Ln Cheney, WA This stunning Gordon Finch home sits on 10 acres inside Rolling Hills Estates! This small ...	4 beds \| N/A baths \| 2,374 sq.ft.	$729,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.49% Airbnb Rental Income: $null Traditional Rental Income: $2351 Airbnb ROI: N/A Traditional ROI: 1.49%
134 Holladay Dr Cheney, WA Spacious Cheney home on a desirable corner lot! The light-filled living room features a la...	4 beds \| N/A baths \| 1,776 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $2117 Airbnb ROI: N/A Traditional ROI: 4.24%
624 LINCOLN St Cheney, WA Come see this 'Cottage in the woods' in the bustling little university community of Cheney...	3 beds \| N/A baths \| 1,820 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $2016 Airbnb ROI: N/A Traditional ROI: 5.03%
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 \| N/A 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%
8506 W Silver St Cheney, WA 2022 Cambridge with 4 bedrooms, 3 baths, and a versatile 5th bonus room for play, office, ...	4 beds \| N/A baths \| 2,330 sq.ft.	$499,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.14% Airbnb Rental Income: $null Traditional Rental Income: $2470 Airbnb ROI: N/A Traditional ROI: 3.14%
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%
108 E Pineview Ct Cheney, WA Discover this charming 4 bedroom (one non egress), 2 bath home with 1776 sq ft of living s...	4 beds \| N/A baths \| 1,776 sq.ft.	$337,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.66% Airbnb Rental Income: $null Traditional Rental Income: $2177 Airbnb ROI: N/A Traditional ROI: 4.66%
8319 W Sugar St Cheney, WA Absolutely better than new with ALL APPLIANCES included AND a fully fenced, landscaped bac...	3 beds \| N/A baths \| 1,475 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.13% Airbnb Rental Income: $null Traditional Rental Income: $2179 Airbnb ROI: N/A Traditional ROI: 3.13%
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 \| N/A baths \| 6,600 sq.ft.	$749,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.04% Airbnb Rental Income: $null Traditional Rental Income: $1903 Airbnb ROI: N/A Traditional ROI: 1.04%

Real Estate investment in Cheney, WA

There are 34 properties for sale in the city of Cheney . The median list price in Cheney is $445,000 and the average price per square foot is $197. In September 2025, the average monthly cash on cash return in Cheney is 3.00%. The average monthly rental income in Cheney is $2,162.

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

35315 S Bootstrap Ln

Cheney, WA

3 beds | N/A 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 | N/A 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 | N/A baths | 1,400 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.27%

Airbnb Rental Income: $null

Traditional Rental Income: $1666

Airbnb ROI: N/A

Traditional ROI: 3.27%

201 5th St

Cheney, WA

N/A beds | N/A baths | 3,406 sq.ft.

$410,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.88%

Airbnb Rental Income: $null

Traditional Rental Income: $1562

Airbnb ROI: N/A

Traditional ROI: 1.88%

36321 S Bootstrap Ln

Cheney, WA

3 beds | N/A 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 | N/A 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%

9718 W Masters Ln

Cheney, WA

5 beds | N/A baths | 3,901 sq.ft.

$674,999

Airbnb cash on cash: N/A

Traditional cash on cash: 1.94%

Airbnb Rental Income: $null

Traditional Rental Income: $2485

Airbnb ROI: N/A

Traditional ROI: 1.94%

10510 W Richland #36 Rd

Cheney, WA

2 beds | N/A 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