MLS #2410907 / Listing provided by NWMLS & RE/MAX Advantage. & RE/MAX Advantage
$545,000
106 & 108 W Pleasant Avenue
Cashmere,
WA
98815
Rare Multifamily Development Opportunity in Cashmere! Two adjacent parcels totaling 0.59 acres (Parcel #s: 231904790055 & 231904790005) with zoning that allows up to 12 total units—two 4-plexes on the larger parcel and one 4-plex on the smaller. Excellent location with easy access to Hwy 2 & Hwy 97 for commuting. Nearby 4-plex units rent for approx. $1,900/month, offering strong income potential. Based on stabilized rents and a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. One of the last build-ready multifamily sites in this high-demand area—don't miss this investment opportunity!
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: No
- Cooling: No
Parking
- Garage: Yes
- Parking Features: Garage
Lot Details
- Lot Features: Dead End Street, Paved
- Acres: 0.59
Schools
- High School District: Cashmere
- High School: Cashmere High
- Middle School: Cashmere Mid
- Elementary School: Vale Elem
Lot Details
- Lot Features: Dead End Street, Paved
- Acres: 0.59
Water, Sewer, and Garbage
- Sewer: Available
- Water Source: Available
Jill Hannem
Broker | REALTOR®
Send Jill Hannem an email