21 W 4th Avenue, Omak, WA 98841
- $450,000
- 4
- BD
- 4
- BA
- 3,723
- SqFt
Listing courtesy of Windermere RE/Lake Chelan.
- List Price
- $450,000
- Status
- ACTIVE
- MLS#
- 2564017
- Days on Market
- 48
- Bedrooms
- 4
- Finished SqFt
- 3,723
- Area Total SqFt
- 3723
- Annual Tax Ammount
- 1602
- Lot Size (sq ft)
- 16,117
- Sewer
- Sewer Connected
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.
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Additional Information
- Community
- Omak
- Style
- 10 - 1 Story
- Basement
- Unfinished
- Year Built
- 1946
- Roof
- Built-Up, Metal
- Site Features
- High Speed Internet
- Tax Year
- 2026
- School District
- Omak
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Interior Features
- Ceiling Fan(s)
- Flooring
- Concrete, Vinyl Plank, Carpet
- Driving Directions
- Hwy 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.
- Appliance
- Dryer, Refrigerator, Washer
- Appliances Included
- Dryer(s), Refrigerator(s), Washer(s)
- Energy Source
- Electric
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.