All homes

$450,000

21 4th Avenue

Omak, WA 98841

Active

Beds

4

Baths

4

Sq Ft

3,723

Lot

0.37 ac

Year built

1946

Type

Residential

Days listed

51

MLS #

2564017

About this home

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

Ceiling Fan(s)

Exterior features

WoodWood Products

Appliances

DryerRefrigeratorWasher

Property details

Heating
Baseboard, Ductless, Wall Furnace
Cooling
Ductless, Insert, Window Unit(s)
Flooring
Concrete, Vinyl Plank, Carpet
Parking
Driveway, Off Street
Lot
Alley, Corner Lot, Curbs, Paved, Sidewalk
Water source
Public
Sewer
Sewer Connected
Style
Traditional
Levels
One

Costs

Price / sq ft
$121
Annual taxes
$1,602 (2026)

Estimate your monthly payment

$2,409/mo

Principal & interest
$2,275
Property taxes
$134
Loan amount $360,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Omak, WA 98841

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere RE/Lake Chelan— Cora Nordby.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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