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!
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2410907
Listed by
Nick Bowler,
RE/MAX Advantage Ashley Stanaway,
RE/MAX Advantage
We don't currently have a buyer representative
in this area. To be sure that you're getting objective advice, we always suggest buyers work with their
own agent, someone who is not affiliated with the seller.
All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
Property Details
Sqft (Total)
0 sqft
Sqft (Finished)
0 sqft
Sqft (Unfinished)
None
Property Type
Parcel
Sub Type
Res-Less than 1 Acre
Bedrooms
Bedrooms
Bathrooms
0 Bathrooms
Lot
25,700 sqft Lot
Lot Size Source
Public Records
Lot #
Unspecified
Project
Unspecified
Total Stories
Unspecified
Sqft Source
Unspecified
Property Tax Info
2025 Property Taxes
$1,599 / year
No Senior Exemption
Public Parcel Data & Maps
County
Chelan County
Parcel #
231904790055
County Website
Unspecified
County Parcel Map
Unspecified
County GIS Map
Unspecified
About
County links provided by Mainview LLC
Schools
School District
Cashmere
Elementary
Vale Elem
Middle
Cashmere Mid
High School
Cashmere High
HOA
HOA Dues
Unspecified
Fees Assessed
Unspecified
HOA Dues Include
Unspecified
HOA Contact
Unspecified
Management Contact
Parking
Covered
Unspecified
Types
Garage
Has Garage
Yes
Views
Mountain(s) Territorial
Construction
Home Builder
Unspecified
Cooling
Heating
Interior
Property
Lot Features
Dead End Street Paved
Appliances
Terms
3rd Party Approval Required)
No
Bank Owned (REO)
No
Complex FHA Availability
Unspecified
Potential Terms
Cash Out Conventional
Utilities
Sewer
Available
Water Source
Available
Additional Info
Waterfront
No
Air Conditioning (A/C)
No
Buyer Broker's Compensation
2.5%
MLS Area #
Area 963
Number of Photos
36
Last Modification Time
Thursday, August 21, 2025 10:07 AM
System Listing ID
5463623
Update Info
Price Reduction
2025-08-08 13:08:37
First For Sale
2025-07-22 16:23:29
Listing details based on information submitted to the MLS GRID as of Thursday, August 21, 2025 10:07 AM.
All data is obtained from various
sources and may not have been verified by broker or MLS GRID. 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.
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.