Updated Four-Unit
For Sale
$799,000
1632 Cross St Unit 1, Wenatchee, WA 98801
Four residential units feature two bedrooms, one bathroom, private laundry, and included appliances.
Property Size3,840 SF
Price / SF$208.07
Days on Market79
Property Features for 1632 Cross St Unit 1
General Information
Standard status
Active
Size
3,840 SF
Property subtype
Multi-Family
Financials
Cap Rate
7.3%
Gross Income
$78,000
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
in-unit laundry
Building Details
Year Built
1994
Buildings
1
Listing Agency:
Premier One Properties
Listed By:
Scott Thompson · License #138965
(509) 670-7406
Source:
Southwestwahomefinder
Added: Aug 10
Changed: Oct 26
Last Checked: Oct 26 at 5:02PM
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
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Investment Insights
Based on property information with market context.
Built in 1994, this four-unit quadplex contains approximately 3,840 square feet, with each residence measuring about 960 square feet. Every unit includes two bedrooms, one full bathroom, in-unit laundry, included appliances, and updated interior finishes. The property also provides one covered and one uncovered off-street parking space per unit.
Located at 1632 Cross Street in Wenatchee, Washington, the property is presented with a 7.3% cap rate. Its four-unit configuration, individual laundry facilities, and refreshed interiors support straightforward residential leasing operations.
Located at 1632 Cross Street in Wenatchee, Washington, the property is presented with a 7.3% cap rate. Its four-unit configuration, individual laundry facilities, and refreshed interiors support straightforward residential leasing operations.
Key Highlights
- Four‑unit quadplex with approximately 3,840 SF
- Each unit is approximately 960 SF with 2 bedrooms and 1 full bathroom
- Updated interiors with in‑unit laundry and included appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,134
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,680
$902.7K
Cap Rate 7%
$644,771
$644.8K
Cap Rate 9%
$501,489
$501.5K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$66.8K $17.40/SF
− Vacancy
−$2.3K −$0.61/SF
EGI
$64.5K $16.79/SF
− OpEx
−$19.3K −$5.04/SF
NOI
$45.1K $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%
$902,680
Cap Rate 7%
$644,771
Cap Rate 9%
$501,489
Alternative Uses
Best Use
Multifamily LT 5
$644.8K
$564.2K – $752.2K
NOI $45,134 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$544.4K
$476.3K – $635.1K
NOI $38,105 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,502 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
171
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature two bedrooms, one bathroom, private laundry, and included appliances.
Where is this quadplex located?
The property is located at 1632 Cross St Unit 1 Wenatchee, WA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit quadplex with approximately 3,840 SF; Each unit is approximately 960 SF with 2 bedrooms and 1 full bathroom; Updated interiors with in‑unit laundry and included appliances
