15029 State Route 97A, Entiat, WA 98822 (MLS # 2564544)

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Listing provided courtesy of Northwest MLS; Kelly Right RE of Spokane LLC

PRICE $1,200,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 1.61 ac
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Exceptional value-add investment opportunity featuring 13 two-bedroom, one-bath apartment units situated on approximately 1.6 acres overlooking the Columbia River aka Lake Entiat. The property currently generates income from 11 occupied units, while two units are occupied by on-site maintenance personnel and one additional space is utilized for storage. Several residents have called this property home for more than 20 years, resulting in long-term tenancy and stable occupancy. While many units have not been updated during those long tenancies, several units have been improved in recent years, creating an opportunity for a new owner to continue renovations as units become available. Existing rents are below market, offering significant upside through thoughtful updates and future rent adjustments. Conveniently located just 20 minutes from Wenatchee and Lake Chelan, the property also offers Columbia River views and long-term investment potential. The generous parcel and highly visible location provide additional future development possibilities, subject to buyer verification of zoning and local regulations.

LAST UPDATED 8/5/2026 TRACT Entiat
YEAR BUILT 1944 COMMUNITY Entiat
COUNTY Chelan STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Paul Rumburg Elem
Jr. High School Entiat Jnr Snr High
High School Entiat Jnr Snr High


ADDITIONAL DETAILS
AIR CONDITIONING Yes
AREA 964 - Entiat
CONSTRUCTION Wood Siding
HEAT Electric, Wall Furnace
LOT 1.61 acre(s)
MLS STATUS Active
SEWER Septic Tank
STORIES 1
STYLE 56 - 10+ Units
SUBDIVISION Entiat
TAXES 5112.04
VIEW Yes
VIEW DESCRIPTION Lake
WATER Well, Private
ZONING Commercial,Multi-Family

SATELLITE VIEW



 
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/6/26 1:11 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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