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+13604225200
LCR
1005 Cascade Street, Wenatchee, WA 98801
- $710,000
- 3,660
- SqFt
Listing Broker: CB Cascade RE - Wenatchee; Shannon Kraft; 509-264-2711; shannonswenatcheerealestate@gmail.com Selling Office: Washington Properties.
- Sold Price
- $710,000
- List Price
- $600,000
- Status
- SOLD
- MLS#
- 2556850
- Closing Date
- Aug 21, 2026
- Days on Market
- 1
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,660
- Area Total SqFt
- 3660
- Annual Tax Ammount
- 5385
- Lot Size (sq ft)
- 11,761
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-07-25
Property Description
**Investor Opportunity!** Don't miss this legal 4-plex tucked away on a quiet dead-end street, offering exceptional income potential and flexibility. Two units are currently vacant and ready for minimal cosmetic updates, providing the opportunity to maximize rental income or owner occupancy. Each of the four well-designed units features 2 bedrooms, 1 bath, a private laundry room complete with washer and dryer, and individual systems including a power meter, furnace, and heat pump for added efficiency and convenience. Upper units enjoy private decks, while lower units offer covered patios for outdoor living. The property also includes a 4-car carport with one covered space per unit, plus four additional off-street parking spaces. A fire suppression system is plumbed throughout the building for added peace of mind. Looking to live in one unit while generating income from the others? This property may qualify for FHA financing, making homeownership and investment more attainable with a low down payment. Whether you're expanding your portfolio or just getting started, this is an outstanding opportunity to build wealth through real estate.
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Additional Information
- List Date
- 2026-08-20 00:00:00
- Community
- Wenatchee
- Net Operating Income
- $20,815
- Gross Adjusted Income
- $20,815
- Gross Scheduled Income
- $32,400
- Total Monthly Income
- $2,700
- Insurance Expenses
- $2,500
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 28.82
- Total Expenses
- $11,585
- Cap Rate
- 3.5
- Vacancy Rate
- 25
- Total Number of Units
- 4
- Unit Name
- 1005
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 2007
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Deck, High Speed Internet, Patio, Sprinkler System
- Electric Expenses
- 200
- Other Expenses
- 500
- Energy Source
- Electric
- School District
- Wenatchee
- Elementary School
- Abraham Lincoln Elem
- Middle School
- Pioneer Mid
- High School
- Wenatchee High
- Total Monthly Income
- $2,700
- Gross Scheduled Income
- $32,400
- Vacancy Rate
- 25
- Gross Adjusted Income
- $20,815
- Tax Year
- 2026
- Insurance Expense
- $2,500
- W/S/G Expenses
- $3,000
- Total Expenses
- $11,585
- Net Operating Income
- $20,815
- Gross Rent Multiplier
- 28.82
- Cap Rate
- 3.5
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.