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Ready-to-Renovate Income Property 900 E Methow Valley Hwy 5 Unit Apartment Building $950,000 ($190,000/Unit) Twisp, WA 98856
INVESTMENT HIGHLIGHTS
- Beautiful Views
- Unique Units
- Big Windows
EXECUTIVE SUMMARY
Existing building, ready to convert to five residential apartment units. Project has conditional approval from town of Twisp. Only a few hours from Seattle, Twisp has easy access to the Okanogan-Wenatchee National Forest, the wine regions of Chelan and Okanogan, and seasonal hiking and skiing.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$105,600
|
$17.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,448
|
$1.44
|
| Effective Gross Income |
$97,152
|
$16.55
|
| Taxes |
$5,600
|
$0.95
|
| Operating Expenses |
$22,332
|
$3.80
|
| Total Expenses |
$27,932
|
$4.76
|
| Net Operating Income |
$69,220
|
$11.79
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $105,600 |
| Annual Per SF | $17.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,448 |
| Annual Per SF | $1.44 |
| Effective Gross Income | |
|---|---|
| Annual | $97,152 |
| Annual Per SF | $16.55 |
| Taxes | |
|---|---|
| Annual | $5,600 |
| Annual Per SF | $0.95 |
| Operating Expenses | |
|---|---|
| Annual | $22,332 |
| Annual Per SF | $3.80 |
| Total Expenses | |
|---|---|
| Annual | $27,932 |
| Annual Per SF | $4.76 |
| Net Operating Income | |
|---|---|
| Annual | $69,220 |
| Annual Per SF | $11.79 |
PROPERTY FACTS
| Price | $950,000 | Building Class | B |
| Price Per Unit | $190,000 | Lot Size | 0.39 AC |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 5 | Building Size | 5,871 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low-Rise | Parking Ratio | 1.7/1,000 SF |
| Zoning | C-R - Twisp's Commercial Riverfront (C-R) district allows both multi-family developments and tourist accommodations, including overnight rentals. | ||
| Price | $950,000 |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.39 AC |
| Construction Status | Proposed |
| Building Size | 5,871 SF |
| No. Stories | 2 |
| Year Built | 2026 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | C-R - Twisp's Commercial Riverfront (C-R) district allows both multi-family developments and tourist accommodations, including overnight rentals. |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,478 |
| 1+2 | 3 | - | 865 - 1,498 |
| Studios | 1 | - | 705 |
PROPERTY TAXES
| Parcel Number | 8800600200 | Total Assessment | $512,500 (2025) |
| Land Assessment | $86,900 (2025) | Annual Taxes | $5,600 ($0.95/SF) |
| Improvements Assessment | $425,600 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
8800600200
Land Assessment
$86,900 (2025)
Improvements Assessment
$425,600 (2025)
Total Assessment
$512,500 (2025)
Annual Taxes
$5,600 ($0.95/SF)
Tax Year
2026
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
North Star Land Research & Development
Ready-to-Renovate Income Property | 900 E Methow Valley Hwy
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