Property Details
113 N Cleveland Avenue
Wenatchee, WA 98801
$695,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 37
Property Overview
Well-maintained fourplex offering strong cash flow with a 8.89% cap rate at the asking price! Situated in a convenient Wenatchee location with easy access to shopping, employment, and transportation, this investment property features separately metered units, helping minimize owner expenses. Tenants enjoy ample off-street parking, coin-operated laundry, and alley access. The Residential High zoning presents potential future development opportunities, with possible room for additional units (buyer to verify feasibility). Numerous updates throughout and consistent maintenance make this a turnkey investment with immediate income and long-term upside.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Chelan
Neighborhood
Wenatchee
Listed
Aug 5, 2026
Structure Type
Quadruplex
Parcel Number
222003590282
Tax & HOA
Annual Property Tax
$2,853 (2026)
Est. Monthly Tax
$238/mo
Financial Summary
Cap Rate
8.89%
Net Operating Income
$51,265
Gross Scheduled Income
$61,740
Gross Rent Multiplier
11.26
Total Expenses
$10,475
Building & Use
Building Sq Ft
2,874
Leasable Area
3,374 sqft
Total Units
4
Zoning
Multi-Family,See Remarks
Possible Use
Multi-Family, See Remarks
Lot Size
6,098 sqft
Year Built
1918
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1918
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
From Chelan Ave turn R on 2nd St and R on N Cleveland. Property is on your left.
Location
City
Wenatchee
County
Chelan
Coordinates
47.42546, -120.31771
Additional Information
Tax Year
2026
Annual Taxes
$2,853
Possession
Array
Based on information submitted to the MLS GRID as of August 6, 2026 6:00 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.
