1201 Monitor Avenue, Wenatchee, WA 98801
- $1,450,480
- 5,215
- SqFt
Listing courtesy of KW NCW.
- List Price
- $1,450,480
- Status
- ACTIVE
- MLS#
- 2317063
- Price Change
- ▼ $199,520 1767142546
- Days on Market
- 561
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 5,215
- Area Total SqFt
- 5215
- Annual Tax Ammount
- 6835
- Internet Provider
- LocalTel
- Lot Size (sq ft)
- 8,276
- Sewer
- Sewer Connected
Property Description
This rare 2013-built and fully updated 5-unit multifamily property delivers immediate income with virtually zero deferred maintenance. Perfectly configured as a 3-unit triplex plus two spacious townhomes (one with garage), every unit features separate water, sewer, and electric meters — keeping expenses predictable and ownership effortless. Live in one upgraded townhome and let the other four units pay the mortgage, or rent all five for strong, stabilized cash flow. Covered parking and modern finishes add tenant appeal in today’s market. Zoned Residential High on a .19-acre lot, it offers exciting value-add potential: legally create 5 separate condominium units and sell individually for long-term upside in Wenatchee’s high-demand market.
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Additional Information
- List Date
- 2025-01-11 21:58:11
- Community
- Wenatchee
- Net Operating Income
- $96,110
- Gross Adjusted Income
- $102,000
- Gross Scheduled Income
- $109,500
- Total Monthly Income
- $8,500
- Insurance Expenses
- $4,041
- Water/Sewer/Garbage Expenses
- $1,014
- Gross Rent Multiplier
- 13.2
- Total Expenses
- $11,890
- Cap Rate
- 6.67
- Total Number of Units
- 5
- Unit Name
- 1201
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 2013
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Wenatchee
- Elementary School
- Abraham Lincoln Elem
- Middle School
- Orchard Mid
- High School
- Wenatchee High
- Total Monthly Income
- $8,500
- Gross Scheduled Income
- $109,500
- Gross Adjusted Income
- $102,000
- Tax Year
- 2024
- Insurance Expense
- $4,041
- W/S/G Expenses
- $1,014
- Total Expenses
- $11,890
- Net Operating Income
- $96,110
- Gross Rent Multiplier
- 13.2
- Cap Rate
- 6.67
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.