15029 State Route 97A, Entiat, WA 98822
- $1,200,000
Listing courtesy of Kelly Right RE of Spokane LLC.
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2564544
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Building Condition
- Fair
- Annual Tax Ammount
- 5112.04
- Lot Size (sq ft)
- 70,132
- Sewer
- Septic Tank
Property Description
Exceptional value-add investment opportunity featuring 13 two-bedroom, one-bath apartment units situated on approximately 1.6 acres overlooking the Columbia River aka Lake Entiat. The property currently generates income from 11 occupied units, while two units are occupied by on-site maintenance personnel and one additional space is utilized for storage. Several residents have called this property home for more than 20 years, resulting in long-term tenancy and stable occupancy. While many units have not been updated during those long tenancies, several units have been improved in recent years, creating an opportunity for a new owner to continue renovations as units become available. Existing rents are below market, offering significant upside through thoughtful updates and future rent adjustments. Conveniently located just 20 minutes from Wenatchee and Lake Chelan, the property also offers Columbia River views and long-term investment potential. The generous parcel and highly visible location provide additional future development possibilities, subject to buyer verification of zoning and local regulations.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/lakecavanaughrealty%252FLCRElogoeddie.png)
Additional Information
- List Date
- 2026-08-06 03:59:11
- Community
- Entiat
- Net Operating Income
- $76,288
- Gross Adjusted Income
- $92,400
- Gross Scheduled Income
- $92,400
- Total Monthly Income
- $7,700
- Insurance Expenses
- $5,899
- Water/Sewer/Garbage Expenses
- $3,660
- Gross Rent Multiplier
- 12.99
- Total Expenses
- $16,111
- Cap Rate
- 6.36
- Total Number of Units
- 14
- Unit Name
- 15029
- Potential Terms
- Cash, Conventional
- Year Built
- 1944
- View
- Lake, Partial
- Roof
- Composition
- Electric Expenses
- 1440
- Energy Source
- Electric
- School District
- Entiat
- Elementary School
- Paul Rumburg Elem
- Middle School
- Entiat Jnr Snr High
- High School
- Entiat Jnr Snr High
- Total Monthly Income
- $7,700
- Gross Scheduled Income
- $92,400
- Gross Adjusted Income
- $92,400
- Tax Year
- 2025
- Insurance Expense
- $5,899
- W/S/G Expenses
- $3,660
- Total Expenses
- $16,111
- Net Operating Income
- $76,288
- Gross Rent Multiplier
- 12.99
- Cap Rate
- 6.36
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.