113 N Cleveland Ave
Wenatchee, WA 98801
Listing Office
Office 
John L. Scott Wenatchee
John L. Scott Wenatchee
Active
$695,000
113 N Cleveland Ave Wenatchee, WA 98801
4-Plex
Property Type
2,874
Sq. Ft.
1918
Year Built
Chelan
County
Well-maintained fourplex offering strong cash flow with a 8.89% cap rate at the asking price! Situated in a convenient Wenatchee location with easy access to shopping, employment, and transportation, this investment property features separately metered units, helping minimize owner expenses. Tenants enjoy ample off-street parking, coin-operated laundry, and alley access. The Residential High zoning presents potential future development opportunities, with possible room for additional units (buyer to verify feasibility). Numerous updates throughout and consistent maintenance make this a turnkey investment with immediate income and long-term upside.
MLS® #
2564337
Monthly HOA
N/A
On Site
Not Available
Last Updated
9/23/2026
Location
Contact Agent
Dane Lewman
(509) 661-3038Property Details
Community Information
Architecture
Year Built
1918
Stories
2
Construction Materials
Wood
Possible Use
Multi-Family
Year Built Effective
1996
Building Style
4-Plex
Roof
Composition
Foundation
Poured Concrete
Features / Amenities
Flooring
Ceramic Tile, Laminate, Vinyl Plank, Carpet
Exterior Features
Wood
Security Features
Partially Fenced
Site Features
Deck, Fenced-Partially, High Speed Internet, Outbuildings, Patio, Rooftop Deck, Sprinkler System
Garage Spaces
1
Carport Spaces
1
Covered Spaces
1
Parking Total
7
Cooling
Wall Unit(s), Window Unit(s)
Heating
Baseboard
Property Features
Lot Size
0.14 Acres
Lot Features
Alley, Curbs, Paved, Sidewalk
View
Mountains, Territorial
Sq.Ft. Size
2874
Lot Sq.Ft. Size
6098
Sewer
Sewer Connected
Water
Public
Zoning
Multi-Family,See Remarks
Directions
From Chelan Ave turn R on 2nd St and R on N Cleveland. Property is on your left.
Tax and Financial Info
Tax Year
2026
Tax Annual Amount
$2,853
Insurance Expense
$2,678
Net Income
$51,265
Listing Terms
Cash, Conventional, FHA, VA Loan
Total Monthly Income
$5,345
Net Operating Income
$51,265
Total Expenses
$10,475
Offers
Seller intends to review offers upon receipt
Possession
Closing, Subject To Tenant Rights
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