Chelan, WA 98816 404 S 3rd Street
$895,000
35 more
Presented By: Guy Evans Lake Chelan Real Est and NWMLS
- MLS# 2428172
- 09/03/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,064
Home Details
Rare downtown Chelan triplex offering solid investment potential! Neat and tidy with a low-maintenance brick exterior, this 4,064 sq ft property features three larger-than-average rental units (864, 1,600 & 1,600 sq ft), each with its own washer/dryer and updated baths. A small lake view enhances the upstairs unit. A two garage bay, 864 sf basement storage area could create added revenue. Bonus side lot offers future condo development possibilities. Prime location just blocks from the lake, dining, and shopping. With a projected 5.4% cap rate with market rents (buyer to verify), this is a strong income property in one of Chelan’s most desirable areas.
Presented By: Guy Evans Lake Chelan Real Est and NWMLS
Interior Features for 404 S 3rd Street
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Hardwood, Vinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 404 S 3rd Street
Building Area UnitsSquare Feet
Cap Rate4
Carport Spaces
Carport Y/NNo
CityChelan
CoolingWall Unit(s), Window Unit(s)
CountyChelan
DirectionsFrom downtown Chelan travel south on 97a across Chelan River.Turn right on 3rd St.Home is on left.
Electric Expense1700
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Wall Unit(s)
High School DistrictLake Chelan
Insurance Expense1633
Leasable Area4064
Listing TermsCash Out, Conventional
Lot Size Square Feet8712
Lot Size UnitsSquare Feet
MLS Area961 – Lake Chelan
ModificationTimestamp2025-09-03T15:44:10.658Z
NWM_ShowMapLinkY
Net Operating Income35523
New ConstructionNo
Number Of Units Total3
Open Parking Spaces1
PossessionClosing
Possible UseResidential
Property ConditionGood
Property Style53 – Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare downtown Chelan triplex offering solid investment potential! Neat and tidy with a low-maintenance brick exterior, this 4, 064 sq ft property features three larger-than-average rental units (864, 1,
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeTriplex
Subdivision NameChelan
Tax Annual Amount3099
Tax Year2025
Units Below Gradetrue
Units In Building Total3
ViewLake, Territorial
Water CompanyCity of Chelan
Water Sewer Garbage5245
Year Built1960
Zoning DescriptionResidential
Exterior for 404 S 3rd Street
Building Area Total4064
Covered Spaces
Exterior AmenitiesBrick, Wood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk, Value In Land
Lot Size Acres0.2
Parking Uncovered Spaces1
Site FeaturesDeck, Sprinkler System
Total Parking1
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
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