106 & 108 W Pleasant AVE Active

Cashmere,WA 98815

$ 545000

- Bed

- Bath

0 SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Cashmere

MLS Listing ID 2410907

Style 40 - Res-Less thn 1 Ac

Annual Tax Amount $1,598

Lot Size 0.590 Acres

Property Sub-Type Land

Property Description

Rare Multifamily Development Opportunity in Cashmere! Two adjacent parcels totaling 0.59 acres (Parcel #s: 231904790055 & 231904790005) with zoning that allows up to 12 total units—two 4-plexes on the larger parcel and one 4-plex on the smaller. Excellent location with easy access to Hwy 2 & Hwy 97 for commuting. Nearby 4-plex units rent for approx. $1,900/month, offering strong income potential. Based on stabilized rents and a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. One of the last build-ready multifamily sites in this high-demand area—don't miss this investment opportunity!

Location

State WA

County Chelan

Area 963 - Cashmere

Exterior

Utilities Available Electricity Connected

View Y/N Yes

View Mountain(s),Territorial

Building

Lot Description Dead End Street,Paved

Sewer Available

Water Available

Schools

Elementary Schools Vale Elem

Middle Schools Cashmere Mid

High Schools Cashmere High

School District Cashmere

Others

Acceptable Financing Cash Out,Conventional

Listing Terms Cash Out,Conventional

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