404 S 3rd Street, Chelan, WA 98816 (MLS # 2428172)
Twitter
Facebook
Email|
Listing provided courtesy of Northwest MLS; Guy Evans Lake Chelan Real Est
|
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.
| LAST UPDATED | 9/4/2025 | TRACT | Chelan |
|---|---|---|---|
| YEAR BUILT | 1960 | COMMUNITY | Chelan |
| COUNTY | Chelan | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 961 - Lake Chelan |
| CONSTRUCTION | Brick, Wood Siding |
| HEAT | Baseboard, Electric |
| LOT | 8712 sq ft |
| LOT DESCRIPTION | Curbs, Paved, Sidewalk, Value In Land |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 53 - Tri-plex |
| SUBDIVISION | Chelan |
| TAXES | 3099 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Territorial |
| WATER | Public |
| ZONING | Residential |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/18/25 3:30 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
DMCA Notice
This IDX solution is (c) Diverse Solutions 2025.