5-Unit Apartment Property with
For Sale
$1,399,000
1321 Maple St Unit A, Wenatchee, WA 98801
Two separate buildings offer consistent two-bedroom layouts with central air conditioning and fireplaces.
Property Size5,512 SF
Price / SF$253.81
Days on Market109
Property Features for 1321 Maple St Unit A
General Information
Standard status
Active
Size
5,512 SF
Property subtype
Multi-Family
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Amenities
central air conditioning
fireplace
Building Details
Year Built
1987
Buildings
2
Listing Agency:
Premier One Properties
Listed By:
Scott Thompson · License #138965
(509) 662-3491
Source:
Searchhomesinbellingham
Added: Jun 28
Changed: Oct 1
Last Checked: Oct 12 at 7:53PM
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 Premier One Properties
Investment Insights
Based on property information with market context.
This 5-unit apartment property includes two separate buildings configured as a duplex and a triplex. Every unit offers a 2 bedroom, 1 bathroom layout, central air conditioning, and a fireplace. Constructed in 1987, the property has long-term tenants in place and an established rental history.
The property is directly across the street from the middle school, near the elementary school, and minutes from downtown. A Link Bus stop is located just outside the property, providing access to public transportation. Schools, shopping, dining, and services are also nearby.
The property is directly across the street from the middle school, near the elementary school, and minutes from downtown. A Link Bus stop is located just outside the property, providing access to public transportation. Schools, shopping, dining, and services are also nearby.
Key Highlights
- 5‑unit multifamily property divided between a duplex and a triplex
- All five units feature a 2 bedroom, 1 bathroom floor plan
- Central air conditioning and a fireplace in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,786
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,720
$1.3M
Cap Rate 7%
$925,514
$925.5K
Cap Rate 9%
$719,844
$719.8K
Market Conditions
NOI Build-Up for 5,512 SF
Gross rent
$95.9K $17.40/SF
− Vacancy
−$3.4K −$0.61/SF
EGI
$92.6K $16.79/SF
− OpEx
−$27.8K −$5.04/SF
NOI
$64.8K $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%
$1,295,720
Cap Rate 7%
$925,514
Cap Rate 9%
$719,844
Alternative Uses
Best Use
Multifamily LT 5
$925.5K
$809.8K – $1.08M
NOI $64,786 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$781.4K
$683.7K – $911.6K
NOI $54,696 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,200 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two separate buildings offer consistent two-bedroom layouts with central air conditioning and fireplaces.
Where is this apartment building located?
The property is located at 1321 Maple St Unit A Wenatchee, WA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 5‑unit multifamily property divided between a duplex and a triplex; All five units feature a 2 bedroom, 1 bathroom floor plan; Central air conditioning and a fireplace in each unit
