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600 Douglas St and 612 Idaho St 600 Douglas St 9 Unit Apartment Building $1,100,000 ($122,222/Unit) 9.65% Cap Rate Wenatchee, WA 98801
Investment Highlights
- 100% occupany/fully rented
- Tenants have walking distance to Healthcare (next door), grocery stores, Link Transit bus routes, restaurants, and downtown shopping.
- Located in the Wenatchee Historic District
Executive Summary
The Financials are strong with this one!! Nine-unit complex in downtown Wenatchee is available for purchase. Currently at 100% occupancy and fully leased, this investment property brings in $11,700 in rents per month. Additional income from coin-op laundry too. ***That's a 9.65% CAP RATE & 7.84 GROSS RENT MULTIPLIER*** Common area and most units have been recently remodeled. Nine-unit complex spans three addresses: 600 Douglas St, 608 Douglas St, and 612 Idaho St. Every unit is separately metered. Additional benefits include garage for on-site storage and large basement where laundry and more storage is located. One of the tenants is an on-site groundskeeper who does upkeep of property and cleans units for new tenants at time of move out. He does all this for slightly reduced rent and would like to continue for the new owners. Huge benefit in this!! Central location gives tenants walking accessibility to Healthcare, grocery stores, restaurants and entertainment. Financials and leases available upon request. 48-hour minimum notice for showings. Do not disturb tenants. Financials & Leases available upon request. Preliminary Title at Fig Title in Wenatchee with Christi Coffman.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$139,800
|
$21.18
|
| Other Income |
$1,050
|
$0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,850
|
$21.34
|
| Taxes |
$4,777
|
$0.72
|
| Operating Expenses |
$22,000
|
$3.33
|
| Total Expenses |
$26,777
|
$4.06
|
| Net Operating Income |
$114,073
|
$17.28
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $139,800 |
| Annual Per SF | $21.18 |
| Other Income | |
|---|---|
| Annual | $1,050 |
| Annual Per SF | $0.16 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $140,850 |
| Annual Per SF | $21.34 |
| Taxes | |
|---|---|
| Annual | $4,777 |
| Annual Per SF | $0.72 |
| Operating Expenses | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $3.33 |
| Total Expenses | |
|---|---|
| Annual | $26,777 |
| Annual Per SF | $4.06 |
| Net Operating Income | |
|---|---|
| Annual | $114,073 |
| Annual Per SF | $17.28 |
Property Facts
| Price | $1,100,000 | Building Class | C |
| Price Per Unit | $122,222 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,600 SF |
| Cap Rate | 9.65% | Average Occupancy | 100% |
| Gross Rent Multiplier | 7.84 | No. Stories | 3 |
| No. Units | 9 | Year Built/Renovated | 1920/2025 |
| Property Type | Multifamily | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,100,000 |
| Price Per Unit | $122,222 |
| Sale Type | Investment |
| Cap Rate | 9.65% |
| Gross Rent Multiplier | 7.84 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Parking Ratio | 1.06/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,100 | 340 |
| 1+1 | 4 | $1,275 | 370 - 500 |
| 2+1 | 3 | $1,300 | 620 - 950 |
| 3+1 | 1 | $1,500 | 850 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 54137 | Total Assessment | $625,450 |
| Land Assessment | $67,200 | Annual Taxes | $4,777 ($0.72/SF) |
| Improvements Assessment | $558,250 | Tax Year | 2025 |
Property Taxes
Parcel Number
54137
Land Assessment
$67,200
Improvements Assessment
$558,250
Total Assessment
$625,450
Annual Taxes
$4,777 ($0.72/SF)
Tax Year
2025
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600 Douglas St and 612 Idaho St | 600 Douglas St
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