Multifamily Property with
For Sale
$2,500,000
315 W Gibson Ave, Chelan, WA 98816
Income-producing multifamily asset with condominium ownership structure, six garages, and Downtown Mixed Residential zoning.
Property SizeContact for details
Days on Market128
Property Features for 315 W Gibson Ave
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
Commercial
Zoning
Downtown Mixed Residential
Additional Details
Public Transit
Yes
Multifamily Units
13
Building Details
Year Built
1956
Listing Agency:
KW NCW
(509) 682-1111
Listed By:
Russ McClellan · License #12632
Source:
Nwwashingtonhomesforsale
Added: Apr 25
Changed: Aug 29
Last Checked: Aug 29 at 3:49PM
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 1956, this multifamily property combines ongoing income with 13 separately established condominium interests acquired together. The ownership structure supports continued operation while preserving the option to evaluate individual condominium dispositions over time. Six garages and seller-owned future air rights add additional physical and ownership considerations.
The property is at 315 W Gibson Ave in Chelan, directly across from Don Morse Memorial Park. Lake Chelan, the marina, restaurants, shopping, grocery stores, the Lakeview Drive-In, bowling, recreation amenities, and Link Transit are all within walking distance. Downtown Mixed Residential zoning provides the governing land-use framework for ownership planning and future evaluation.
The property is at 315 W Gibson Ave in Chelan, directly across from Don Morse Memorial Park. Lake Chelan, the marina, restaurants, shopping, grocery stores, the Lakeview Drive-In, bowling, recreation amenities, and Link Transit are all within walking distance. Downtown Mixed Residential zoning provides the governing land-use framework for ownership planning and future evaluation.
Key Highlights
- 13 separately established condominium interests offered in a single acquisition
- Existing income with the option to continue current operations
- Six garages included with the property
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Demographics for 98816, WA
7,067
Population
5,398
Households
1.3
Avg Household Size
47
Median Age
24%
College-Educated
81%
High-School Grad
494.2 sq mi
ZIP Area
14
Density / Sq Mi
$73,807
Median Household Income
$40,565
Median Earnings
$1,332
Median Rent
$450,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily asset with condominium ownership structure, six garages, and Downtown Mixed Residential zoning.
Where is this multifamily property located?
The property is located at 315 W Gibson Ave Chelan, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 13 separately established condominium interests offered in a single acquisition; Existing income with the option to continue current operations; Six garages included with the property
