8-Unit Apartment
For Sale
$2,250,000
340 Pear Ln Unit 1-8, Wenatchee, WA 98801
Single-level flats near Wenatchee Valley College feature fireplaces, in-unit laundry, and covered tenant parking.
Property Size8,308 SF
Price / SF$270.82
Days on Market227
Property Features for 340 Pear Ln Unit 1-8
General Information
Standard status
Active
Size
8,308 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 7 x 2BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Amenities
fireplace
in-unit washer and dryer
private patios
covered parking
Building Details
Year Built
1976
Listing Agency:
CB Cascade RE - Lake Chelan
Listed By:
Jolene K. Baker · License #23634
(509) 682-7777
Source:
Pugetsoundpropertyguide
Added: Mar 1
Changed: Oct 1
Last Checked: Oct 12 at 8:04PM
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 CB Cascade RE - Lake Chelan
Investment Insights
Based on property information with market context.
Located at 340 Pear Lane, Unit 1-8, in Wenatchee, Washington, this 8-unit apartment property contains 8,308 square feet and was built in 1976. The unit mix includes one 1-bedroom apartment and seven 2-bedroom apartments, with every residence arranged as a single-level flat without another unit above or below it.
Each apartment has a fireplace and in-unit washer and dryer, while select residences also include private patios. Covered tenant parking is supplemented by street parking. The property is near Wenatchee Valley College and provides access to shopping, dining, and public transportation.
Each apartment has a fireplace and in-unit washer and dryer, while select residences also include private patios. Covered tenant parking is supplemented by street parking. The property is near Wenatchee Valley College and provides access to shopping, dining, and public transportation.
Key Highlights
- 8‑unit apartment property with 8,308 square feet
- Unit mix includes one 1‑bedroom and seven 2‑bedroom apartments
- Built in 1976 with all residences configured as single‑level flats
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,441
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,820
$1.6M
Cap Rate 7%
$1,177,729
$1.2M
Cap Rate 9%
$916,011
$916.0K
Market Conditions
NOI Build-Up for 8,308 SF
Gross rent
$154.5K $18.60/SF
− Vacancy
−$4.6K −$0.56/SF
EGI
$149.9K $18.04/SF
− OpEx
−$67.5K −$8.12/SF
NOI
$82.4K $9.92/SF
Area
Chelan County, WA
Vacancy
3.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,820
Cap Rate 7%
$1,177,729
Cap Rate 9%
$916,011
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,441 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,535 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,062
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Single-level flats near Wenatchee Valley College feature fireplaces, in-unit laundry, and covered tenant parking.
Where is this apartment building located?
The property is located at 340 Pear Ln Unit 1-8 Wenatchee, WA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 8‑unit apartment property with 8,308 square feet; Unit mix includes one 1‑bedroom and seven 2‑bedroom apartments; Built in 1976 with all residences configured as single‑level flats
