Three-Unit Multifamily
New
For Sale
$545,000
613 615 Alaska St, Wenatchee, WA 98801
Two homes provide three rental units, including a separate one-bedroom residence with off-street parking.
Property Size3,608 SF
Price / SF$151.05
Days on Market4
Property Features for 613 615 Alaska St
General Information
Standard status
Active
Size
3,608 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Buildings
2
Listing Agency:
CB Cascade RE - Lake Chelan
Listed By:
Anita A. Day · License #18430
(509) 993-1682
Source:
Eastsideseattleproperties
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 5:31AM
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.
This 3,608-square-foot multifamily property includes two homes and three rental units. The larger residence has two levels, three bedrooms on the main floor, and a one-bedroom unit below. A separate, smaller one-bedroom home has newer flooring and paint. The property also includes a fenced area, an extra storage building, and off-street parking. The homes were built in 1920.
The property occupies a corner lot in the Grandview Historical District, directly across from Columbia Elementary School. Neighborhood parks and medical facilities are nearby.
The property occupies a corner lot in the Grandview Historical District, directly across from Columbia Elementary School. Neighborhood parks and medical facilities are nearby.
Key Highlights
- Two homes configured as three rental units
- 3,608 square feet across two residences
- Larger home has two levels, three main‑floor bedrooms, and a lower one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,803
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,060
$716.1K
Cap Rate 7%
$511,471
$511.5K
Cap Rate 9%
$397,811
$397.8K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$67.1K $18.60/SF
− Vacancy
−$2.0K −$0.56/SF
EGI
$65.1K $18.04/SF
− OpEx
−$29.3K −$8.12/SF
NOI
$35.8K $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%
$716,060
Cap Rate 7%
$511,471
Cap Rate 9%
$397,811
Alternative Uses
Best Use
Apartment 5plus
$511.5K
$447.5K – $596.7K
NOI $35,803 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$946.3K
$828.0K – $1.10M
NOI $66,243 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1
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?
Multifamily property - Two homes provide three rental units, including a separate one-bedroom residence with off-street parking.
Where is this multifamily property located?
The property is located at 613 615 Alaska St Wenatchee, WA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Two homes configured as three rental units; 3,608 square feet across two residences; Larger home has two levels, three main‑floor bedrooms, and a lower one‑bedroom unit
