Excellent investment opportunity with strong rental history and stable income potential! This well-maintained duplex features two units generating a combined monthly rental income of $3,400. The upper unit offers 3 bedrooms, 1 bath, 9-foot ceilings, abundant natural light, a covered front porch, fenced front yard area, and washer/dryer hookups. Efficient mini-split heating and cooling provide year-round comfort, with individual units located in each bedroom and the living room. The lower unit features 2 bedrooms, a 3/4 bath, washer/dryer hookups, and a functional floor plan designed for comfortable living. A durable metal roof helps minimize maintenance, while each unit enjoys its own garage bay and dedicated storage space. Owner currently pays water, sewer, and garbage. Tenants are responsible for electricity and internet. Conveniently located and offering desirable amenities for tenants, this income-producing property presents an excellent opportunity for investors seeking immediate cash flow and long-term rental potential.
Active
Listed by: eXp Realty • Jackie R. Blanchfield
Price cut: $25.1K (7/6)
$449,900
509 Okanogan Avenue, Wenatchee, WA 98801
5beds
2baths
2,000sqft
Duplex
Built in 1919
-- sqft lot
$445,300 Zestimate®
$225/sqft
$-- HOA
What's special
Abundant natural lightDurable metal roofCovered front porchFenced front yard areaDedicated storage space
- 31 days |
- 391 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Jackie R. Blanchfield,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2540756
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Ductless, Wall Furnace, Electric
Cooling
- Ductless, Wall Unit(s)
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 6
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,534 Square Feet
- Features: Curbs, Paved, Sidewalk, Fenced-Partially
Details
- Parcel number: 222010525215
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Metal
Condition
- Year built: 1919
Utilities & green energy
- Electric: Company: Chelan County PUD
- Sewer: Sewer Connected, Company: City of Wenatchee
- Water: Public, Company: City of Wenatchee
- Utilities for property: Spectrum, Spectrum
Community & HOA
Community
- Subdivision: Wenatchee
Location
- Region: Wenatchee
Financial & listing details
- Price per square foot: $225/sqft
- Tax assessed value: $304,898
- Annual tax amount: $3,340
- Date on market: 6/16/2026
- Cumulative days on market: 32 days
- Listing terms: Conventional,FHA
Estimated market value
$445,300
$423,000 - $468,000
$2,139/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $449,900-5.3%$225/sqft |
Source:  NWMLS as distributed by MLS GRID #2540756 Report a problem | ||
| 6/17/2026 | Listed for sale | $475,000+1.1%$238/sqft |
Source: eXp Realty #2540756 Report a problem | ||
| 7/24/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/15/2023 | Price change | $469,900-2.1%$235/sqft |
Source: Owner Report a problem | ||
| 4/28/2023 | Listed for sale | $479,900+336.3%$240/sqft |
Source: Owner Report a problem | ||
| 3/15/1996 | Sold | $110,000$55/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,678 +3.6% | $304,898 -0.5% |
| 2023 | $2,585 +2.8% | $306,499 +8.3% |
| 2022 | $2,514 +8.2% | $282,926 +19.6% |
| 2021 | $2,324 +16.1% | $236,547 +24.4% |
| 2020 | $2,002 +5.3% | $190,075 -1.9% |
| 2018 | $1,901 +4.6% | $193,816 +27.8% |
| 2017 | $1,818 +31.5% | $151,667 -3.1% |
| 2016 | $1,382 | $156,548 +38.8% |
| 2015 | $1,382 | $112,752 -3.5% |
| 2013 | $1,382 | $116,825 -2% |
| 2012 | -- | $119,219 -5.2% |
| 2011 | $1,393 -3% | $125,700 -8.9% |
| 2010 | $1,436 | $137,951 +44.9% |
| 2008 | -- | $95,174 |
| 2007 | -- | $95,174 |
| 2006 | -- | $95,174 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98801
Nearby schools
GreatSchools rating
- 5/10Abraham Lincoln Elementary SchoolGrades: K-5Distance: 0.7 mi
- 3/10Orchard Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Wenatchee High SchoolGrades: 9-12Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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