Active

Listed by:

Guy Evans,

Guy Evans Lake Chelan Real Est

Price cut: $45K (10/10)

$850,000

404 S 3rd Street, Chelan, WA 98816

6beds

3baths

4,064sqft

Est.:

Triplex

Built in 1960

-- sqft lot

$-- Zestimate^®

$209/sqft

$-- HOA

What's special

Small lake viewBasement storage areaUpdated bathsLow-maintenance brick exterior

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.

98 days

323

17

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Baseboard, Wall Unit(s), Electric

Cooling

Wall Unit(s), Window Unit(s)

Features

Flooring: Ceramic Tile, Hardwood, Vinyl, Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 4,064
Total interior livable area: 4,064 sqft

Property

Parking

Total spaces: 1
Parking features: Open
Uncovered spaces: 1

Features

Has view: Yes
View description: Lake, Territorial
Has water view: Yes
Water view: Lake

Lot

Size: 8,712 Square Feet
Features: Curbs, Paved, Sidewalk, Value In Land, Deck, Sprinkler System

Details

Parcel number: 272213310250
Zoning description: Residential,Jurisdiction: County
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Brick, Wood Siding
Foundation: Poured Concrete
Roof: Composition

Condition

Good
Year built: 1960

Utilities & green energy

Electric: Company: Chelan County PUD
Sewer: Sewer Connected, Company: City of Chelan
Water: Public, Company: City of Chelan

Community & HOA

Community

Subdivision: Chelan

Location

Region: Chelan

Financial & listing details

Price per square foot: $209/sqft
Annual tax amount: $3,099
Date on market: 9/2/2025
Cumulative days on market: 100 days
Listing terms: Cash Out,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/10/2025	Price change	$850,000-5%$209/sqft
Source: NWMLS #2428172 Report a problem
9/3/2025	Listed for sale	$895,000$220/sqft
Source: NWMLS #2428172 Report a problem