Property Details
319 S Tonasket Avenue
Tonasket, WA 98855
$998,000
Active
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Property Overview
Well cared for 11-unit apartment complex in Tonasket. The property has recently been given a fresh coat of exterior paint, giving it a clean look from the street. Inside, most units have been updated over time, while each apartment includes its own window A/C unit to keep tenants comfortable during the summer months. The complex shows pride of ownership with consistent maintenance, making it an easy property to step into and manage. It offers reliable rental income today with room for future improvements if a new owner chooses. Multi-unit opportunities like this are not often available in the Tonasket area, making this a solid investment with both stability and potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Okanogan
Neighborhood
Tonasket
Listed
Sep 15, 2025
Original Price
$1,100,000
Financial Summary
Cap Rate
5.40%
Net Operating Income
$59,925
Gross Scheduled Income
$106,200
Gross Rent Multiplier
10.36
Total Expenses
$46,274
Vacancy Rate
18.0%
Building & Use
Building Sq Ft
6,920
Leasable Area
6,920 sqft
Total Units
11
Zoning
Office
Possible Use
Office
Lot Size
17,498 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.40 sqft
Year Built
1967
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
See Remarks
Lot Features
Alley
Exterior Features
Wood Products
Location
City
Tonasket
County
Okanogan
Coordinates
48.70422, -119.43787
Additional Information
Tax Year
2025
Annual Taxes
$4,072
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
