Property Details
1201 Monitor Avenue
Wenatchee, WA 98801
$1,450,480
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Property Overview
This rare 2013-built and fully updated 5-unit multifamily property delivers immediate income with virtually zero deferred maintenance. Perfectly configured as a 3-unit triplex plus two spacious townhomes (one with garage), every unit features separate water, sewer, and electric meters — keeping expenses predictable and ownership effortless. Live in one upgraded townhome and let the other four units pay the mortgage, or rent all five for strong, stabilized cash flow. Covered parking and modern finishes add tenant appeal in today’s market. Zoned Residential High on a .19-acre lot, it offers exciting value-add potential: legally create 5 separate condominium units and sell individually for long-term upside in Wenatchee’s high-demand market.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Chelan
Neighborhood
Wenatchee
Listed
Dec 20, 2024
Original Price
$1,650,000
Financial Summary
Cap Rate
6.20%
Net Operating Income
$91,948
Gross Scheduled Income
$102,000
Gross Rent Multiplier
15.70
Total Expenses
$10,052
Building & Use
Building Sq Ft
5,215
Leasable Area
515 sqft
Total Units
5
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,276 sqft
Year Built
2013
Exterior & Lot
Lot Size
0.19 sqft
Year Built
2013
Garage
1 spaces
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot
Exterior Features
Cement/Concrete, Wood
Location
City
Wenatchee
County
Chelan
Coordinates
47.40755, -120.30436
Additional Information
Tax Year
2024
Annual Taxes
$6,552
Possession
Array
Based on information submitted to the MLS GRID as of May 5, 2026 10:15 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.
