James & Angie Smith

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Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2540756MLS Provider

509 Okanogan AvenueWenatchee, WA 98801

Multi-Family · 5 Beds · 2,000 Sq. ft. | 0.15 Acres
$475,000 Active

509 Okanogan Avenue Overview

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Excellent investment opportunity with strong rental history and stable income potential! This well-maintained duplex features two units generating a combined monthly rental income of $3,400. The upper unit offers 3 bedrooms, 1 bath, 9-foot ceilings, abundant natural light, a covered front porch, fenced front yard area, and washer/dryer hookups. Efficient mini-split heating and cooling provide year-round comfort, with individual units located in each bedroom and the living room. The lower unit features 2 bedrooms, a 3/4 bath, washer/dryer hookups, and a functional floor plan designed for comfortable living. A durable metal roof helps minimize maintenance, while each unit enjoys its own garage bay and dedicated storage space. Owner currently pays water, sewer, and garbage. Tenants are responsible for electricity and internet. Conveniently located and offering desirable amenities for tenants, this income-producing property presents an excellent opportunity for investors seeking immediate cash flow and long-term rental potential.

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509 Okanogan Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,000
  • Price/Sq.ft. $238
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Wenatchee
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 40800
  • Insurance Expense: 1387
  • Net Operating Income: 31177
  • Total Expenses: 7583
  • Total Monthly Income: 3400
  • Water/Sewer/Garbage: 2856

Building Information

  • New Construction: No
  • Year Built: 1919

Location/Region

  • Country: US
  • County Or Parish: Chelan
  • MLS Area Major: 971 - Wenatchee
  • Subdivision Name: Wenatchee

Tax Information

  • Tax Annual Amount: $3,340.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA
  • Parcel Number: 222010525215
  • Possible Use: Residential
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2000
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2000
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2000
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 8
  • Parking Uncovered Total: 6

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.15
  • Lot Size Square Feet: 6534
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Metal
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Wood
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1600
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1800
  • Beds Total: 3
  • Baths Total: 1

509 Okanogan Avenue Neighborhood

Community

98801 (WENATCHEE) Demographics

36
Median Age
264
Population Density (per sq. mile)
37%
College Educated
$62,595
Estimated Median Income
9,870
Estimated Total Home Owners
6,884
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

509 Okanogan Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

509 Okanogan Avenue Market Data

Based on the last 30 days in this zip code

$634,876
Average List Price
$283
Average Price per Square Foot
49
Properties Sold
76
Average Days on Market
191
Properties for Sale
Calculations provided by Reliance Network

509 Okanogan Avenue History

Date Event Value Agent
6/17/2026Source: NWMLS Added to Database
June 17, 2026