Updated Four-Unit Apartment
For Sale
$799,000
1686 S Mission St Unit 1, Wenatchee, WA 98801
Fully leased residential income property with renovated interiors, private outdoor space, in-unit laundry, and covered resident parking.
Property Size3,920 SF
Price / SF$203.83
Days on Market75
Property Features for 1686 S Mission St Unit 1
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Cap Rate
7.2%
Gross Income
$77,700
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Parking per Unit
2
Amenities
in-unit laundry
private balcony
Building Details
Year Built
1995
Listing Agency:
Premier One Properties
Listed By:
Scott Thompson · License #138965
(509) 662-3491
Source:
Southwestwahomefinder
Added: Aug 8
Changed: Oct 1
Last Checked: Oct 20 at 10:19PM
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.
This four-unit residential property contains 3,920 square feet and was built in 1995. Each apartment measures approximately 980 square feet and includes two bedrooms, two full bathrooms, in-unit laundry, and appliances. Interior improvements include updated finishes, while private balconies provide outdoor space for each residence. Two covered parking spaces are assigned to every unit.
The property at 1686 S Mission Street #1 in Wenatchee, WA 98801 is fully rented. Reported investment performance includes a 7.2% cap rate, with the existing unit configuration and included features supporting ongoing residential occupancy.
The property at 1686 S Mission Street #1 in Wenatchee, WA 98801 is fully rented. Reported investment performance includes a 7.2% cap rate, with the existing unit configuration and included features supporting ongoing residential occupancy.
Key Highlights
- Four‑unit property with 3,920 square feet, built in 1995
- Each unit is approximately 980 square feet with two bedrooms and two full bathrooms
- 7.2% cap rate with all four units fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,075
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,500
$921.5K
Cap Rate 7%
$658,214
$658.2K
Cap Rate 9%
$511,944
$511.9K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$68.2K $17.40/SF
− Vacancy
−$2.4K −$0.61/SF
EGI
$65.8K $16.79/SF
− OpEx
−$19.7K −$5.04/SF
NOI
$46.1K $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%
$921,500
Cap Rate 7%
$658,214
Cap Rate 9%
$511,944
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$555.7K
$486.2K – $648.3K
NOI $38,899 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.03M
$899.6K – $1.20M
NOI $71,971 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
174
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residential income property with renovated interiors, private outdoor space, in-unit laundry, and covered resident parking.
Where is this quadplex located?
The property is located at 1686 S Mission 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 property with 3,920 square feet, built in 1995; Each unit is approximately 980 square feet with two bedrooms and two full bathrooms; 7.2% cap rate with all four units fully rented
