404 S 3rd Street, Chelan, Washington 98816

WA, Chelan
$850,000
  • 4,064 Sqft
  • Residential Income Property Type
  • 1960 Year Built
  • Expired Status
Property Description

Rare downtown Chelan triplex offering solid investment potential! Neat and tidy with a low-maintenance brick exterior, this 4,064 sq ft property features three larger-than-average rental units (864, 1,600 & 1,600 sq ft), each with its own washer/dryer and updated baths. A small lake view enhances the upstairs unit. A two garage bay, 864 sf basement storage area could create added revenue. Bonus side lot offers future condo development possibilities. Prime location just blocks from the lake, dining, and shopping. With a projected 5.4% cap rate with market rents (buyer to verify), this is a strong income property in one of Chelan’s most desirable areas.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2428172
  • Price: $850,000
  • View: Lake,Territorial
  • Square Footage: 4,064 Sqft
  • Year Built: 1960
  • Lot Area: 0.20 Acre
  • Status: Expired
  • Office Name: Guy Evans Lake Chelan Real Est
  • Agent Name: Guy Evans
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Baseboard, Wall Unit(s)
  • Cooling System Wall Unit(s), Window Unit(s)
  • Exterior Features Wood, Brick
  • Flooring Ceramic Tile, Hardwood, Carpet, Vinyl Plank, Vinyl
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Chelan
  • City Chelan
  • Zipcode 98816
  • Street: 3rd
  • Street Number: 404
  • Street Suffix: Street
  • Longitude: W121° 58' 36.6''
  • Latitude: N47° 50' 12.7''
  • Directions: From downtown Chelan travel south on 97a across Chelan River.Turn right on 3rd St.Home is on left.
  • Mls Area Major: 961 - Lake Chelan
  • Street Dir Prefix: S
Neighborhood
  • High School District: Lake Chelan
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Residential
  • On Market Date: 2025-09-03
  • Number Of Units Total: 3
  • Lot Features: Paved, Curbs, Sidewalk, Value In Land
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood, Brick
Financial
  • Tax Annual Amount: 3099
Listing Information
  • List Agent Mls Id: 95870
  • List Office Mls Id: 6279
  • Listing Term: Cash Out,Conventional
  • Mls Status: Expired
  • Modification Timestamp: 2025-12-16T08:17:17Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-12-16T08:15:32Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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