Property Details
1005 Cascade Street
Wenatchee, WA 98801
$600,000
Pending
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Property Overview
**Investor Opportunity!** Don't miss this legal 4-plex tucked away on a quiet dead-end street, offering exceptional income potential and flexibility. Two units are currently vacant and ready for minimal cosmetic updates, providing the opportunity to maximize rental income or owner occupancy. Each of the four well-designed units features 2 bedrooms, 1 bath, a private laundry room complete with washer and dryer, and individual systems including a power meter, furnace, and heat pump for added efficiency and convenience. Upper units enjoy private decks, while lower units offer covered patios for outdoor living. The property also includes a 4-car carport with one covered space per unit, plus four additional off-street parking spaces. A fire suppression system is plumbed throughout the building for added peace of mind. Looking to live in one unit while generating income from the others? This property may qualify for FHA financing, making homeownership and investment more attainable with a low down payment. Whether you're expanding your portfolio or just getting started, this is an outstanding opportunity to build wealth through real estate.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Chelan
Neighborhood
Wenatchee
Listed
Jul 21, 2026
Structure Type
Quadruplex
Parcel Number
222010431200
Tax & HOA
Annual Property Tax
$5,385 (2026)
Est. Monthly Tax
$449/mo
Financial Summary
Cap Rate
3.50%
Net Operating Income
$20,815
Gross Scheduled Income
$32,400
Gross Rent Multiplier
28.82
Total Expenses
$11,585
Vacancy Rate
25.0%
Building & Use
Building Sq Ft
3,660
Leasable Area
3,600 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
11,761 sqft
Year Built
2007
Exterior & Lot
Lot Size
0.27 sqft
Year Built
2007
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Wood
Community & Access
Directions
From Ferry St. Head south on Cascade St. Continue past stop sign at Cascade and Stevens Streets and continue almost to the end. 4-Plex is on the left.
Location
City
Wenatchee
County
Chelan
Coordinates
47.40916, -120.31083
Additional Information
Tax Year
2026
Annual Taxes
$5,385
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
