Property Details
59 Elmer City Access Road
Coulee Dam, WA 99116
$549,900
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Property Overview
Discover a premium investment opportunity with this remodeled, fully occupied 4-unit apartment building offering views of the Columbia River and nearby mountains. Each unit, featuring a modern 2-bedroom, 1-bath configuration, was updated in 2020 with stylish quartz countertops, stainless steel appliances, and durable vinyl plank flooring. The building, located in an area close to amenities, transportation, and recreation, which ensures a consistent income stream with all units currently leased. Recent renovations minimize maintenance costs, making this property a low-maintenance investment gem. Tenants enjoy ample parking and open living spaces that enhance their living experience. Come take a look before its gone!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Okanogan
Neighborhood
Coulee Dam
Listed
Dec 20, 2025
Original Price
$599,999
Financial Summary
Cap Rate
9.00%
Net Operating Income
$54,409
Gross Scheduled Income
$59,700
Gross Rent Multiplier
9.97
Total Expenses
$5,291
Building & Use
Building Sq Ft
3,120
Leasable Area
3,120 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
15,246 sqft
Year Built
1982
Exterior & Lot
Lot Size
0.35 sqft
Year Built
1982
Exterior Materials
Cement Plank, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Paved
Exterior Features
Cement Planked, Wood, Wood Products
Location
City
Coulee Dam
County
Okanogan
Coordinates
47.98027, -118.96429
Additional Information
Tax Year
2025
Annual Taxes
$2,373
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.