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Listing Firm: RE/MAX Lake and Country: Nate Brown

Bought With: RE/MAX Lake and Country : Nate Brown

SOLD On March 7, 2022
NWMLS # 1883473

$499,000

  • Sold Price
  • - Beds
  • - Baths
  • 9926 Sq.ft.

221 1st Avenue S, Okanogan, WA 98840

Listings with the three tree icon are courtesy of NWMLS

About This Property

Historic 9 unit apartment building looking for its new owner/investor. Its current owners have operated these apartments for nearly 5 decades, and have great rental history. With a cap rate at over 9%, it makes for a great investment. This complex has so much to offer, large sized units, and tons of character in every unit. Shared laundry room with sink and 2 sets of washer and dryers. Two units have unique rooftop decks. Storage shed in rear parking area for a little additional rental income. Also has an attached storage/shop area which is a plus to the landlord for maintenance items and repairs. Location of this unit is optimal for tenants being so close to everything that the city of Okanogan has to offer. Don't miss this opportunity!!

Buyer's Agent: Nate Brown • RE/MAX Lake and Country

Listed by: Nate Brown • RE/MAX Lake and Country

Aris360 Last Checked: 1 Minute Ago (May 31, 2025 11:27 PM)

  • Source: NWMLS as Distributed by MLS Grid #1883473

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 1st
  • Zip/Postal Code: 98840
  • City: Okanogan

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$3,847 per month
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Property Features

  • County
    • Okanogan
  • Community
    • 620 - Okanogan Valley
  • MLS Area
    • 620 - Okanogan Valley
  • Longitude
    • -119.580587
  • Latitude
    • 48.362254
  • Project
    • North Alma Okanogan
  • Directions
    • From Omak, drive south on Hwy 97, right on Armory Junction, left on rodeo trail, right on Oak St, left on 1st Ave N, and apartment building will be on the left.

  • Interior
    • Ceramic Tile
    • Hardwood
    • Wall to Wall Carpet
  • Floors
    • Ceramic Tile
    • Hardwood
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 15
  • Lot Description
    • Paved,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Stucco
    • Wood
  • Site Description
    • Outbuildings,Patio,Rooftop Deck,Shop
  • Roof
    • Flat,
    • Metal,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • City of Okanogan
  • Building Total Area (Sq. Ft.)
    • 14260
  • Has View
    • Yes
  • Utilities
    • Sewer Connected,
    • Electric,
  • View Description
    • City,
    • River,

  • High School District
    • Okanogan
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $2849
  • Year Built
    • 1912
  • Status
    • Sold
  • Project
    • North Alma Okanogan

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Disclaimer: Based on information submitted to the MLS GRID as of Sat May 31 2025 . 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.

May 31, 2025 11:27 PM