Fantastic investment opportunity, 2 city lots and three commercial buildings with excellent visibility and great street frontage in the heart of Ellensburg. 12,000 sq/ft lot with 100/ft of street frontage, aprox 1500 sq/ft total building space. 3 separate rental income opportunities including restaurant/take-out, a 1+ bedroom residence and an open studio/office, $4700 average rent when all 3 are occupied. Additional storage buildings and covered spaces for outdoor dining. Directly across from Fred-Meyer parking lot. A thriving college town with a vibrant art community. High traffic area, near one of the most traveled intersections in town. Ample parking/w easy access from Water street. Possible short term owner contract/w sizeable down.
Sold for $520,000
$520,000
108 S Water St, Ellensburg, WA 98926
1beds
1,486sqft
Single Family Residence
Built in 1950
0.28 Acres Lot
$429,400 Zestimate®
$350/sqft
$1,116 Estimated rent
Home value
$429,400
$365,000 - $494,000
$1,116/mo
Zestimate® history
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Zillow last checked:
Source: John L Scott Real Estate,MLS#: 2274236
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Electric
Interior area
- Total structure area: 1,486
- Total interior livable area: 1,486 sqft
Property
Features
- Patio & porch: Deck
- Exterior features: Garden
- Has view: Yes
- View description: Territorial, City
Lot
- Size: 0.28 Acres
Details
- Parcel number: 497133
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Roof: Metal
Condition
- Year built: 1950
Community & HOA
Location
- Region: Ellensburg
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $355,370
- Annual tax amount: $3,361
- Date on market: 8/3/2024
- Lease term: Contact For Details
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2025 | Sold | $520,000$350/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,361 +13.1% | $355,370 +11.6% |
| 2023 | $2,973 -0.9% | $318,560 +8.4% |
| 2022 | $2,999 -2.2% | $294,000 +22.4% |
| 2021 | $3,065 +17.3% | $240,100 +11% |
| 2019 | $2,613 +4.8% | $216,220 +1.6% |
| 2018 | $2,493 | $212,780 +18.8% |
| 2017 | $2,493 | $179,070 |
| 2016 | $2,493 | $179,070 |
| 2015 | $2,493 +3.4% | $179,070 |
| 2013 | $2,410 | $179,070 -4.4% |
| 2010 | -- | $187,400 |
| 2009 | -- | $187,400 |
Find assessor info on the county website
Neighborhood: 98926
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Nearby schools
GreatSchools rating
- 6/10Mount Stuart Elementary SchoolGrades: K-5Distance: 1.3 mi
- 4/10Morgan Middle SchoolGrades: 6-8Distance: 0.3 mi
- 7/10Ellensburg High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$429,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$429,400
- Washington
- Kittitas County
- Ellensburg
- 98926
- 108 S Water St