Property Details
509 2nd Street NE
East Wenatchee, WA 98802
$1,250,000
Pending
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Property Overview
Prime Investment Opportunity in East Wenatchee! This impeccably maintained 4-plex offers the perfect blend of stability and location. Each of the four spacious units features a desirable 2-bedroom, 1.75-bathroom floor plan, designed for comfortable living and long-term tenant retention. Situated just minutes from downtown and local conveniences, the property stays in high demand. With a proven rental history and recent updates throughout, this is a turnkey addition to any portfolio. Don't miss out on this rare, low-vacancy gem in a growing market!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Douglas
Neighborhood
East Wenatchee
Listed
Feb 16, 2026
Financial Summary
Cap Rate
6.00%
Net Operating Income
$73,706
Gross Scheduled Income
$90,600
Gross Rent Multiplier
13.44
Total Expenses
$16,667
Building & Use
Building Sq Ft
4,192
Leasable Area
4,000 sqft
Total Units
4
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
15,246 sqft
Year Built
1983
Exterior & Lot
Lot Size
0.35 sqft
Year Built
1983
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Lot Features
Alley, Dead End Street, Paved, Secluded
Exterior Features
Wood
Location
City
East Wenatchee
County
Douglas
Coordinates
47.40930, -120.28099
Additional Information
Tax Year
2025
Annual Taxes
$5,598
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.
