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Listed by:John L. Scott Wenatchee • Nicole Begin

$695,000

Est. payment - /mo

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4 Beds

4 Baths

2,874 SqFt

Open Sat 12PM-2PM

113 N Cleveland AVE Wenatchee, WA 98801

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

Open House

Sat Aug 08, 12:00pm - 2:00pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,874 sqft

Price per Sqft $241

Subdivision Wenatchee

MLS Listing ID 2564337

Style 54 - 4-Plex

Bedrooms 4

Year Built 1918

Annual Tax Amount $2,853

Lot Size 6,098 Sqft

Property Sub-Type Multi Family

Property Description

Well-maintained fourplex offering strong cash flow with a 8.89% cap rate at the asking price! Situated in a convenient Wenatchee location with easy access to shopping, employment, and transportation, this investment property features separately metered units, helping minimize owner expenses. Tenants enjoy ample off-street parking, coin-operated laundry, and alley access. The Residential High zoning presents potential future development opportunities, with possible room for additional units (buyer to verify feasibility). Numerous updates throughout and consistent maintenance make this a turnkey investment with immediate income and long-term upside.

Location

State WA

County Chelan

Area 971 - Wenatchee

Interior

Flooring Ceramic Tile, Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Garage Spaces 1.0

Amenities Available Deck, Fenced-Partially, High Speed Internet, Outbuildings, Patio, Rooftop Deck, Sprinkler System

View Y/N Yes

View Mountains, Territorial

Roof Type Composition

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Wenatchee

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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