106 & 108 W Pleasant Avenue, Cashmere, WA 98815
- $430,000
Listing courtesy of RE/MAX Advantage. Selling Office: RE/MAX Advantage.
- Sold Price
- $430,000
- List Price
- $476,390
- Status
- SOLD
- MLS#
- 2410907
- Closing Date
- Apr 14, 2026
- Days on Market
- 232
- Lot Size (sq ft)
- 25,700
Property Description
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!
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Additional Information
- Community
- Cashmere
- Style
- 40 - Res-Less thn 1 Ac
- Zoning Jurisdiction
- City
- View
- Mountains, Territorial
- Sewer
- Available
- Tax Year
- 2025
- School District
- Cashmere
- Elementary School
- Vale Elem
- Middle School
- Cashmere Mid
- High School
- Cashmere High
- Potential Terms
- Cash, Conventional
- Driving Directions
- Highway 2, take exit on Aplets Way. Right on W Pleasant or turn right on Prospect Street and approach property from back street.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.