106 W Pleasant Avenue, Cashmere, WA 98815

Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
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Listed by:nick bowler
Office:re/max advantage
MLS#:2410907
Source:NWMLS
106 W Pleasant Avenue,Cashmere, WA 98815
$525,000
  • 0.59 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$525,000

About this home

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!

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Home facts

  • Listing Id #:2410907
  • Updated:August 08, 2025 at 09:00 PM

Structure and exterior

  • Lot area:0.59 Acres

Schools

  • High school:Cashmere High
  • Middle school:Cashmere Mid
  • Elementary school:Vale Elem

Utilities

  • Water:Available
  • Sewer:Available

Finances and disclosures

  • Price:$525,000
  • Tax amount:$1,599 (2025)
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