Bought with: RE/MAX Advantage
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Key Details
Sold Price $430,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Cashmere
MLS Listing ID 2410907
Sold Date 04/14/26
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
Opportunity rings in Cashmere! Two adjacent parcels totaling 0.59 acres offer multi-family zoning for up to 12 units, ideal for long-term or short-term rentals in this high-demand area. Current storage facility provides immediate income with room to expand on the vacant lot, creating strong cash flow potential. Excellent location with easy Hwy 2 & Hwy 97 access—perfect for travelers and tenants alike. Nearby 4-plex units rent for approx. $1,900/month, and with a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. Build, expand storage, or combine both strategies for maximum return!
Location
State WA
County Chelan
Area 963 - Cashmere
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected
View Y/N Yes
View Mountains, 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, Conventional
Listing Terms Cash, Conventional
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Nearby Locations
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Diana Ferguson
Principal Broker | License ID: 200503157
Principal Broker License ID: 200503157