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404 S 3rd Street Chelan, WA $ 850,000
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$ 850,000 Get more info
404 S 3rd Street
$ 850,000
Back to search
Share Save

404 S 3rd Street

Chelan, WA, 98816
$ 850,000
Baths0.0 Sq 4,064

Monthly Estimate*

$ 5,303

Listed by Guy Evans Lake Chelan Real Est
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Studio

Multi-Family Home for sale in Chelan, WA

for $850,000. This 4,064 square foot home was built in 1960 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,099

Style

Tri-plex

Lot Size

0.2

Year Built

1960

Town/City

Chelan

County/Region

Chelan

MLS | Web ID

2428172
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Unit(s)
Cooling Wall Unit(s) Window Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1960
View Lake Territorial
Property Subtype Multi Family
Tax Year 2025
County Chelan
Net Operating Income 35523
Insurance Expense 1633
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Chelan
Possible Use Residential
Special Listing Conditions None
Status Active
Directions From downtown Chelan travel south on 97a across Chelan River.Turn right on 3rd St.Home is on left.
City Chelan
Senior Community Y/N N
High School District Lake Chelan
Zoning Description Residential
Open Parking Spaces 1
Number Of Units Total 3
MLS Area 961 - Lake Chelan
Lot Size Units Square Feet
Lot Size Square Feet 8712
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 3099
Electric Expense 1700
Fuel Expense 0
Property Condition Good
Public Remarks 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
Leasable Area 4064
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Chelan
Units Below Grade true
Units In Building Total 3
Water Sewer Garbage 5245
Property Style 53 - Tri-plex
Cap Rate 4
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Exterior
Exterior Amenities Brick Wood
Lot Features Curbs Paved Sidewalk Value In Land
Water Source Public
Total Parking 1
Foundation Details Poured Concrete
Building Area Total 4064
Lot Size Acres 0.2
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Sprinkler System
Parking Uncovered Spaces 1
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Interior
Flooring Ceramic Tile Hardwood Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2428172
Street Number 1 404
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* Excluded Features
List By
Guy Evans

Listing Agent

Guy Evans Lake Chelan Real Est

Broker

Affordability Calculator

$5,561
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$258
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258423 Elementary School
256640 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/10/2025$850,000 -5.03% Price Down
9/3/2025$895,000 Listed Price

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404 S 3rd Street, Chelan, WA, 98816 is a Multi-Family Home for sale at $850,000 with 4,064 sqft and a lot size of 0.2. 404 S 3rd Street is a studio with 0.0 baths and was built in 1960. The property's zip code is 98816 which is in Chelan, WA

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