404 S 3rd St Chelan, WA 98816
Estimated payment $5,097/month
Highlights
- Lake View
- Deck
- No HOA
- Chelan High School Rated A-
- Wood Flooring
- 1-minute walk to Centinial Park
About This Home
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: Northwest Multiple Listing Service (NWMLS)
MLS#: 2428172
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,099
Year Built
- Built in 1960
Lot Details
- 8,712 Sq Ft Lot
- Sprinkler System
- Value in Land
- Property is in good condition
Property Views
- Lake
- Territorial
Home Design
- Triplex
- Brick Exterior Construction
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 4,064 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl Plank
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Parking
- 1 Parking Space
- Open Parking
Outdoor Features
- Deck
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Baseboard Heating
- Heating System Mounted To A Wall or Window
Community Details
- No Home Owners Association
- Chelan Subdivision
Listing and Financial Details
- Assessor Parcel Number 272213310250
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $895,000 | -- | $220 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2428172
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Based on information submitted to the MLS GRID
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