Property Details
212 E 1st Street
Cle Elum, WA 98922
$1,550,000
Active
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Property Overview
The building located in the heart of the downtown and has been completely renovated to reflect the era gone by. The restaurant interior has a rustic, industrial feel that lends itself to the restaurant’s concept. Everything is new from the electrical and plumbing to the windows and insulation. 1st apartment is newly built with high end appliances, both bedrooms have ensuite bathrooms, skylight and large deck with view of Peoh Point. Full laundry room with guest powder. 12' ceilings and exposed ductwork gives industrial loft feel. 2nd apartment has two large bedrooms, primary has ensuite bathroom, both bathrooms are new. New luxury vinyl flooring and full laundry. New high end appliances including mini splits. Almost zero vacancy last 8 yrs
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Kittitas
Neighborhood
Cle Elum
Listed
Mar 2, 2026
Original Price
$1,600,000
Financial Summary
Cap Rate
4.60%
Net Operating Income
$81,406
Gross Scheduled Income
$93,992
Gross Rent Multiplier
19.34
Total Expenses
$12,586
Total Actual Rent
$7,740/mo
Building & Use
Building Sq Ft
5,440
Total Units
4
Sq Ft Rented
5,440
Zoning
Business,Commercial,Residential,Retail
Possible Use
Business, Commercial, Residential, Retail
Lot Size
4,199 sqft
Year Built
1926
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1926
Exterior Materials
Brick
Sewer
Sewer Connected
Water Source
Community, Public
Exterior Features
Brick
Location
City
Cle Elum
County
Kittitas
Coordinates
47.19438, -120.93573
Additional Information
Tax Year
2025
Annual Taxes
$4,411
Possession
Array
Based on information submitted to the MLS GRID as of April 28, 2026 5:15 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.
