Opportunity rings in Cashmere! Two adjacent parcels totaling 0.59 acres offer multi-family zoning for up to 12 units, ideal for long-term or short-term rentals in this high-demand area. Current storage facility provides immediate income with room to expand on the vacant lot, creating strong cash flow potential. Excellent location with easy Hwy 2 & Hwy 97 access—perfect for travelers and tenants alike. Nearby 4-plex units rent for approx. $1,900/month, and with a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. Build, expand storage, or combine both strategies for maximum return!
Listing Provided Courtesy of Nick Bowler, RE/MAX Advantage
General Information
NWM2410907
Land
85
DOM
0.59 acres
0
Multi-F
Chelan
Vale Elem
Cashmere Mid
Cashmere High
Land
Land
Listing Provided Courtesy of Nick Bowler, RE/MAX Advantage
Krishna Realty data last checked: Oct 20, 2025 06:20 | Listing last modified Oct 15, 2025 14:07,
Source:
Opportunity rings in Cashmere! Two adjacent parcels totaling 0.59 acres offer multi-family zoning for up to 12 units, ideal for long-term or short-term rentals in this high-demand area. Current storage facility provides immediate income with room to expand on the vacant lot, creating strong cash flow potential. Excellent location with easy Hwy 2 & Hwy 97 access—perfect for travelers and tenants alike. Nearby 4-plex units rent for approx. $1,900/month, and with a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. Build, expand storage, or combine both strategies for maximum return!
