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Listed by RE/MAX Advantage
$ 545,000
Est. payment /mo
Active
106 & 108 W Pleasant AVE Cashmere, WA 98815
0.59 Acres Lot
UPDATED:
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
Lot Dimensions 150' Frontage 173' Depth
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
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected
View Y/N Yes
View Mountain(s), Territorial
Garage Yes
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
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.