113 N Cleveland Avenue, Wenatchee, WA 98801
- $695,000
- 2,874
- SqFt
Listing courtesy of John L. Scott Wenatchee.
- List Price
- $695,000
- Status
- ACTIVE
- MLS#
- 2564337
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,874
- Area Total SqFt
- 2874
- Annual Tax Ammount
- 2853
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-08-05 16:28:12
- Community
- Wenatchee
- Net Operating Income
- $51,265
- Gross Adjusted Income
- $61,740
- Gross Scheduled Income
- $61,740
- Total Monthly Income
- $5,345
- Insurance Expenses
- $2,678
- Water/Sewer/Garbage Expenses
- $4,944
- Gross Rent Multiplier
- 11.26
- Total Expenses
- $10,475
- Cap Rate
- 8.89
- Total Number of Units
- 4
- Unit Name
- 113
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1918
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, High Speed Internet, Outbuildings, Patio, Rooftop Deck, Sprinkler System
- Energy Source
- Electric
- School District
- Wenatchee
- Total Monthly Income
- $5,345
- Gross Scheduled Income
- $61,740
- Gross Adjusted Income
- $61,740
- Tax Year
- 2026
- Insurance Expense
- $2,678
- W/S/G Expenses
- $4,944
- Total Expenses
- $10,475
- Net Operating Income
- $51,265
- Gross Rent Multiplier
- 11.26
- Cap Rate
- 8.89
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.