Property Details
533 Methow #A
Wenatchee, WA 98801
$724,999
Active
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Property Overview
Full gut remodel and massive addition in 2006 effectively reset the clock on this triplex — think 2006 construction including electrical and plumbing, not 1905. Updates in 2024 and 2025 mean the big-ticket items are current, low maintenance risk, and the property is ready to continue to perform from day one. Several owner options here including value add buy and hold via rent increases, potentially owner occupy, builders can add value by taking advantage of the RMU zoning and adding units in the large rear area. Buyer to verify all. Three 2 bed, 1 bath, easy to rent units, all clean, bright and airy. Each unit has its own 8×10 storage unit appealing to more tenants. Separately metered units allow tenants to pay elec, garbage, and internet. 48 hour notice for showings, only one unit will be shown but once under contract all units will be made available. Full financials, remodel history back to 2002, reports and permits and leases available upon acceptance of offer and with a signed non-disclosure Financial data in listing is pro forma based on 12 month moving averages. Actual annual rent and income numbers may be higher.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Chelan
Neighborhood
Wenatchee
Listed
Apr 3, 2026
Financial Summary
Cap Rate
5.30%
Net Operating Income
$38,534
Gross Scheduled Income
$56,220
Gross Rent Multiplier
12.90
Total Expenses
$14,875
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,692
Leasable Area
2,687 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,970 sqft
Year Built
1905
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1905
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Location
City
Wenatchee
County
Chelan
Coordinates
47.41616, -120.30871
Additional Information
Tax Year
2026
Annual Taxes
$4,773
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.
