$450,000

4 Beds 4 Baths 3,723 SQFT 0.37 Acres
Type: Single Family

21 W 4th Avenue
Omak, WA 98841

MLS#: 2564017
Presented by: Windermere RE/Lake Chelan and NWMLS

Property Description

 

Residential and business high-performing investment opportunity with an attractive 8% cap rate in the heart of Omak, Washington. Located on a high-visibility, high-traffic corridor with outstanding access from both Omak and neighboring Okanogan, this turnkey income-producing property offers immediate cash flow and long-term investment potential. Consisting of three buildings- two houses and one main business building, all with established tenants. Three business tenants include a chiropractor, salon, and Beltone Hearing, plus two residential rental homes on commercially zoned property for diversified income. Major updates include a new roof (2014), building renovation (2023), parking lot replacement (2018), recent reseal and striping, mini-splits (2025), and exterior paint on the homes. Offering 11 parking spaces, excellent signage, strong street exposure, and mostly month-to-month leases (one through Sept. 2028), this is an outstanding opportunity for investors seeking a mixed-use commercial property, rental income, or owner-investment. Additional back area once used as meat cutting business could also be leased- has separate entry and access to 2 walk-in coolers, currently empty and used for storage. Family owned for generations and offered as-is.


 

Interior Features

Bedrooms

Bedrooms Lower0
Bedrooms Upper0
Main Level Bedrooms4
Total Bedrooms4

Bathrooms

3/4 Baths2
Bathrooms3.5
Baths Full Garage0
Baths Full Lower0
Baths Full Main2
Baths Full Upper0
Baths Half Garage0
Baths Half Lower0
Baths Half Main0
Baths Half Upper0
Baths Three Quarter Garage0
Baths Three Quarter Lower0
Baths Three Quarter Main2
Baths Three Quarter Upper0
Half Baths0
Total Baths4

Other Interior Features

Air Conditioning Y/NYes
BasementUnfinished
Fireplace FeaturesElectric
Fireplace Y/NNo
FlooringConcrete, Vinyl Plank, Carpet
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Power Production TypeElectric
Total Fireplaces0

General

AppliancesDryer, Refrigerator, Washer
Architectural StyleTraditional
Attached Garage No
Building Area Units0 sqft
Carport Y/NNo
CityOmak
CoolingDuctless, Insert, Window Unit(s)
CountyOkanogan
DirectionsHwy 97 to Omak, Turn on Oak street exit, continue on 97 Hwy Business/Okoma Dr, turns into 4th Ave W at curve, property on Right.
Entry LocationMain
Full Baths2
HOANo
HOA Fee$0
HeatingBaseboard, Ductless, Wall Furnace
High School DistrictOmak
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Conventional, Owner Will Carry
Living Area3,723 sqft
Lot Size Square Feet16,117 sqft
Lot Size UnitsSquare Feet
MLS Area620 - Okanogan Valley
NWM_ShowMapLinkY
New ConstructionNo
PossessionClosing, Negotiable
Property Style10 - 1 Story
Property SubtypeSingle Family Residence
Property TypeResidential
Public RemarksResidential and business high-performing investment opportunity with an attractive 8% cap rate in the heart of Omak, Washington. Located on a high-visibility, high-traffic corridor with outstanding acc
RoofBuilt-Up, Metal
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeHouse
Subdivision NameOmak
Tax Annual Amount$1,602
Tax Year2026
TopographyLevel
Total Actual Rent4425
Water CompanyCity of Omak
Year Built1946

Exterior

Building Area Total3,723 sqft
Covered Spaces0
Exterior AmenitiesWood, Wood Products
Foundation DetailsBlock, Poured Concrete
InclusionsDryer(s), Refrigerator(s), Washer(s)
Irrigation Water Rights Y/NNo
Lot Dimensions135x120
Lot FeaturesAlley, Corner Lot, Curbs, Paved, Sidewalk
Lot Number14
Lot Size Acres0.37
Parking FeaturesDriveway, Off Street
Parking Uncovered Total15
Site FeaturesHigh Speed Internet
Total Parking15
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$450,000

4 Beds 4 Baths 3,723 SQFT 0.37 Acres
Type: Single Family

21 W 4th Avenue
Omak, WA 98841

MLS#: 2564017