404 S 3rd Street, Chelan, WA 98816

Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by:guy evans
Office:guy evans lake chelan real est
MLS#:2428172
Source:NWMLS
404 S 3rd Street,Chelan, WA 98816
$895,000
  • - Beds
  • - Baths
  • 4,064 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$895,000
  • Price per sq. ft.:$220.23

About this home

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.

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Home facts

  • Year built:1960
  • Listing ID #:2428172
  • Updated:September 03, 2025 at 04:58 PM

Rooms and interior

  • Living area:4,064 sq. ft.

Heating and cooling

  • Heating:Baseboard, Wall Unit(s)

Structure and exterior

  • Roof:Composition
  • Year built:1960
  • Building area:4,064 sq. ft.
  • Lot area:0.2 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$220.23
  • Tax amount:$3,099 (2025)
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