James & Angie Smith

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of CB Cascade RE - Lake ChelanNWMLSas Distributed by MLSGrid- MLS# NWM2540788MLS Provider

340 Pear Lane #1-8Wenatchee, WA 98801

Multi-Family · 3 Beds · 8,308 Sq. ft. | 0.69 Acres
$2,250,000 Active

340 Pear Lane #1-8 Overview

Visits:
0

SELLER FINACNING! Excellent investment opportunity with proven cash flow and strong long-term stability! This 8-unit complex is ideally located near Wenatchee Valley College and centrally positioned for easy access to shopping, dining, and public transportation—supporting consistent tenant demand and strong occupancy. The property features a desirable unit mix of one 1-bedroom unit and seven 2-bedroom units, creating a balanced and reliable rent roll. All units are single-level flats with no units above or below, offering enhanced privacy and strong tenant appeal. Each unit includes a fireplace and in-unit washer and dryer, with select units featuring private patios. Additional amenities include covered parking for tenants and ample street parking for additional vehicles. The property has an exceptionally strong rental history, making it an ideal asset for investors seeking dependable income and long-term performance.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

340 Pear Lane #1-8 Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,308
  • Price/Sq.ft. $271
  • Lot 0.69 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: 6000
  • Electric Expense: 800
  • Fuel Expense: 0
  • Gross Scheduled Income: 171120
  • Insurance Expense: 3495
  • Net Operating Income: 132433
  • Total Expenses: 33553
  • Total Monthly Income: 165986
  • Water/Sewer/Garbage: 12596

Building Information

  • New Construction: No
  • Year Built: 1976

Location/Region

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

Community/Development

  • Amenities: Storage

Tax Information

  • Tax Annual Amount: $10,662.00
  • Tax Year: 2026

General Information

  • Listing Terms: Owner Will Carry
  • Parcel Number: 222004421450
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 8308
  • Building Area Units: Square Feet
  • Calculated Square Footage: 8308
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Poured Concrete, Slab
  • Heating: Yes
  • Leasable Area: 8308
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Unit Information

  • Unit Number: 1-8

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 2
  • Parking Uncovered Total: 2

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Sidewalk
  • Lot Size Acres: 0.6943
  • Lot Size Square Feet: 30242
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Patio, Sprinkler System
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 8
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood Products
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1695
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1795
  • Beds Total: 2
  • Baths Total: 1

340 Pear Lane #1-8 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.

340 Pear Lane #1-8 Monthly Cost

$
$ %
%
$
$
* 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.

340 Pear Lane #1-8 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

340 Pear Lane #1-8 History

Date Event Value Agent
6/16/2026Source: NWMLS Added to Database
June 16, 2026