106 W Pleasant Avenue Cashmere, WA 98815

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106 W Pleasant Avenue Cashmere, WA 98815

Potential for two 4-plexes on larger lot, ideal for investor portfolio

Street-level view of W Prospect Avenue frontage for future tenant access.

View of W Pleasant Avenue access for multi-family ingress and egress

Investment opportunity outlined with 6.5% cap rate projection

Established neighborhood offers long-term value stability

Nearby multifamily rentals average $1,900/month for strong returns

Scenic Cashmere surroundings attract long-term tenants

Ready-to-go parcels with significant investment upside.

Flat, usable land minimizes excavation and preparation costs

Easy access to commuter routes enhances rental desirability

One of the last remaining multifamily development site of this scale in Cashmere

Investment property with potential $2.8M+ future value at stabilization

View showing paved roads and utilities in place for ease of development

Land contours ideal for straightforward construction of 4-plex units

Rare adjacent parcels offered together for larger scale development

Existing infrastructure makes for reduced build timelines

Site access illustration from both Prospect and Pleasant Avenues

Build-ready opportunity for developers in established residential corridor

Both parcels outlined to show build-ready opportunity for 12 total units

Overhead image of parcels with nearby residential development context.

Neighborhood view emphasizing walkability and location benefits

Aerial view showcasing both adjacent multi-family parcels with development potential

Aerial showcasing surrounding neighborhood appeal for renters

Zoned parcels with multi-unit housing potential in high-demand Cashmere

Prime multi-family development land with proximity to Hwy 2 & Hwy 97.

Conceptual 4-plex building footprints on larger parcel for planning clarity

Site plan rendering displaying unit layout across two separate parcels

Courtesy of RE/MAX Advantage

106 W Pleasant Avenue

Cashmere, WA 98815

$525,000

Land

0 Beds

0.00 Baths

0 SqFt

Active

Rare Multifamily Development Opportunity in Cashmere! Two adjacent parcels totaling 0.59 acres (Parcel #s: 231904790055 & 231904790005) with zoning that allows up to 12 total units—two 4-plexes on the larger parcel and one 4-plex on the smaller. Excellent location with easy access to Hwy 2 & Hwy 97 for commuting. Nearby 4-plex units rent for approx. $1,900/month, offering strong income potential. Based on stabilized rents and a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. One of the last build-ready multifamily sites in this high-demand area—don't miss this investment opportunity!

Property Features

Community: Cashmere
Res-Less thn 1 Ac
View: Mountain(s)
View: Territorial
Pool: Above Ground
2025 Taxes: $1598.89
Buyer Broker Compensation: 2.5%
Listing #: 2410907

Lot Details

Lot Size: 0.59 acres
Lot Dimensions: 150' Frontage 173' Depth
Dead End Street
Paved
Topography: Level
Road Sides: Both Sides
Road: County Maintained
Road: Paved

Utilities

Electricity: On Property
Water: Available
Gas: Not Available
Sewer: Available

Schools

District: Cashmere
Elem: Vale Elem
Middle: Cashmere Mid
High: Cashmere High

Call or Email:

Grace Wamwere

206-395-4584

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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