Cashmere Business Park Apartments 219 Independence Way 20 Unit Apartment Building $2,450,000 ($122,500/Unit) 5.13% Cap Rate Cashmere, WA 98815

Located at 219-259 Independence Way in the heart of downtown Cashmere, Cashmere Business Park Apartments provides a rare combination of residential and commercial appeal in one of Central Washington’s most desirable small-town markets. The asset includes 20 units, 6 of which feature high-clearance garage bays with overhead doors, offering tenants the flexibility to operate home-based businesses, store equipment, or simply enjoy additional private space. This unique configuration is well suited to Cashmere’s tenant base, which includes tradespeople, remote workers, and entrepreneurs drawn to the area’s lifestyle and affordability.
Cashmere’s downtown continues to evolve with new businesses, restaurants, and community investment, making it an increasingly vibrant place to live and work. The property’s location just off Cottage Avenue puts it steps from Main Street attractions, while Highway 2 provides quick access to Wenatchee (15 minutes east) and Leavenworth (20 minutes west). This regional connectivity, combined with small-town charm, is fueling population growth and rising demand for quality rental housing in the area.
As part of the larger Wenatchee Valley economic corridor, Cashmere enjoys the benefits of Wenatchee’s expanding healthcare and technology sectors, as well as the year-round tourism economy that supports Leavenworth. The result is a stable, growing rental market with limited new supply—creating an ideal scenario for investors seeking long-term returns and potential for operational improvement in a well-located, high-demand asset.
Access the 3D tour here: https://my.matterport.com/show/?m=mUk7vwPwe8e