Five-Unit Apartment Property with
For Sale
$1,320,888
1201 Monitor, Wenatchee, WA 98801
The property combines a triplex, two townhomes, separate utility metering, and covered parking.
Property Size5,215 SF
Price / SF$253.29
Days on Market688
Property Features for 1201 Monitor
General Information
Standard status
Active
Size
5,215 SF
Property subtype
Multi-family
Building Details
Year Built
2013
Listing Agency:
KW NCW
Listed By:
Jeffrey William Hallman · License #82831
(509) 470-2416
Source:
Century21northhomes
Added: Nov 25, 2024
Changed: Oct 13
Last Checked: Oct 12 at 9:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW NCW
Investment Insights
Based on property information with market context.
Built in 2013, this apartment property contains five residential units arranged as a three-unit triplex and two townhomes. One townhome includes a garage, while covered parking serves the property. Modern finishes are present throughout, and each unit has independent water, sewer, and electric meters. The property is positioned for either full-property leasing or an owner-occupant arrangement using one of the townhomes.
The 0.19-acre site is located at 1201 Monitor in Wenatchee, Washington, and carries Residential High zoning. The existing configuration includes 5,215 of property size. The remarks also identify a potential path to create five separate condominium units for individual sale, subject to applicable requirements.
The 0.19-acre site is located at 1201 Monitor in Wenatchee, Washington, and carries Residential High zoning. The existing configuration includes 5,215 of property size. The remarks also identify a potential path to create five separate condominium units for individual sale, subject to applicable requirements.
Key Highlights
- Five‑unit configuration with a three‑unit triplex and two townhomes
- 2013 construction with modern finishes throughout
- Separate water, sewer, and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,296
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,920
$1.2M
Cap Rate 7%
$875,657
$875.7K
Cap Rate 9%
$681,067
$681.1K
Market Conditions
NOI Build-Up for 5,215 SF
Gross rent
$90.7K $17.40/SF
− Vacancy
−$3.2K −$0.61/SF
EGI
$87.6K $16.79/SF
− OpEx
−$26.3K −$5.04/SF
NOI
$61.3K $11.75/SF
Area
Chelan County, WA
Vacancy
3.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,920
Cap Rate 7%
$875,657
Cap Rate 9%
$681,067
Alternative Uses
Best Use
Multifamily LT 5
$875.7K
$766.2K – $1.02M
NOI $61,296 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$739.3K
$646.9K – $862.5K
NOI $51,749 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,747 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
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Business Placement
Demographics for 98801, WA
44,970
Population
18,034
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
85%
High-School Grad
153.6 sq mi
ZIP Area
293
Density / Sq Mi
$74,768
Median Household Income
$41,216
Median Earnings
$1,200
Median Rent
$429,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property combines a triplex, two townhomes, separate utility metering, and covered parking.
Where is this apartment building located?
The property is located at 1201 Monitor Wenatchee, WA.
What is the asking price?
The asking price for this property is $1,320,888.
What are key features of this property?
This property features: Five‑unit configuration with a three‑unit triplex and two townhomes; 2013 construction with modern finishes throughout; Separate water, sewer, and electric meters for each unit
