Great investment - (First St.) 4-PLEX in the heart of downtown Wenatchee. Each unit offers a spacious 825 sq. ft. 2 bedrooms, 1 bath & a cozy fireplace. Good rental history with some long-term tenants, rents on all for units show the market rent should be at approximately $1,400 per unit. All units are in good condition & roof was replaced a few years ago. Some of the units have had some nice updates completed, floors, paint, doors & HVAC UNITS. All existing appliances are included in sale. Each unit has 1 covered parking spot in the carport, some street parking available.
Multi-familyProperty Type
1976Year Built
8,276 sq ftLot Size
$214Price/Sq.Ft.
4 garage spacesParking
Listed by Thomas Kriskovic• Premier One Properties
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Washington Elementary School
Public K-5 • Assigned • 0.9mi
5/10
Orchard Middle School
Public 6-8 • Assigned • 0.4mi
3/10
Wenatchee High School
Public 9-12 • Assigned • 1.1mi
5/10
Provided by GreatSchools
About
Downtown
Downtown, located between the Columbia River waterfront and the Wenatchee River confluence, is a civic and commercial Wenatchee neighborhood with a walkable street grid and a river-to-hills backdrop. The neighborhood’s character concentrates around the Wenatchee Avenue and Orondo Avenue corridor, where coffee counters, galleries, and late-night bites spill light onto the sidewalks. The Numerica Performing Arts Center and the Wenatchee Valley Museum & Cultural Center act as cultural anchors, while Pybus Public Market sets the daily rhythm with local food stalls. Brick storefronts and mid-century civic buildings frame compact blocks, with public art and small plazas breaking up the streetscape. Walla Walla Point Park and the Apple Capital Loop Trail pull the scene toward the water, while the foothills rise just beyond the rooftops.
Provided by Walk Score and Local Logic
Offer insights
503 First St · $710,000
$710K and above
75% chance or better to win
Why $710K+ is a strong offer
SALE-TO-LIST
99.2%
Most homes are selling 1% below list price.
LIST PRICE
$710,000
Median list price in this area is $562,644. (21% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Fireplace in each unit
Bedrooms
2 bedrooms per unit
Bathrooms
1 bathroom per unit
Kitchen
Range/oven, refrigerator, dishwasher in each unit
Laundry & utility
Washer and dryer in each unit
Flooring
Laminate flooring
Heating & cooling
Forced-air heating
Central air conditioning
Exterior features
View
Home design
Two-story quadruplex
Parking
4 covered spaces
4 garage spaces
4 carport spaces
Construction
Built in 1990
Wood construction
Composition roof
Poured-concrete foundation
Utilities
Electric energy source
Public water
Sewer connected
Financial info
Four units total
Gross scheduled income of $54,000
Gross adjusted income of $43,788
Total monthly income of $4,500
Total expenses of $10,212
Insurance expense of $2,000
Current rents: $925, $1,400, $1,300, and $875
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Chelan County
APN
222003732460
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 16, 2026.
RH
Residential High District
The residential high land use classification is a district suited to residential activities including the entire range of housing choices and accessory uses in a high density configuration. Uses are limited to residential occupancies, public and residential services that support neighborhood activities, which by their necessity or convenience to the residential sector require an RH location.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
25 unhealthy days expected this year, 25 days in 30 years
Provided by First Street
Historical weather
Wenatchee, WA • 98801
Average low and high temperatures (°F)
37
27
41
29
55
37
65
44
75
52
82
59
90
66
89
64
82
58
59
40
45
35
39
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 503 First St
$694,344
$16K under list price of $710K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $575K to $683K.