404 S 3rd Street Chelan, WA 98816
404 S 3rd Street
Chelan, WA 98816
$895,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
Rare downtown Chelan triplex offering solid investment potential! Neat and tidy with a low-maintenance brick exterior, this 4,064 sq ft property features three larger-than-average rental units (864, 1,600 & 1,600 sq ft), each with its own washer/dryer and updated baths. A small lake view enhances the upstairs unit. A two garage bay, 864 sf basement storage area could create added revenue. Bonus side lot offers future condo development possibilities. Prime location just blocks from the lake, dining, and shopping. With a projected 5.4% cap rate with market rents (buyer to verify), this is a strong income property in one of Chelan’s most desirable areas.
Property Features
Community: Chelan
Tri-plex
View: Lake
View: Territorial
Deck
Sprinkler System
Exterior: Brick
Exterior: Wood
Roof: Composition
Year Built: 1960
2025 Taxes: $3099.00
Buyer Broker Comp.: 2.5%
Listing #: 2428172
Lot Details
Lot Size: 0.20 acres
Curbs
Paved
Sidewalk
Value In Land
No. of Units: 3
Interior
Cooling: Window Unit A/C, Wall Unit(s)
Heating: Wall Unit(s), Baseboard
Electric
Schools
District: Lake Chelan
Call or Email:
Grace Wamwere
What's Near 404 S 3rd Street Chelan, WA 98816?
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.
DMCA Notice 
Courtesy of Guy Evans Lake Chelan Real Est
