Active · Residential

21 W 4th Avenue , Omak, WA 98841

Omak, WA 98841

$450,000

4 bedrooms · 4 bathrooms · 3,723 sq ft

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Listing provided by Windermere RE/Lake Chelan · MLS #2564017 · Active

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About this property

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.

Property details

Property type: Single Family Residence
Year built: 1946
Lot size: 16,117 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $1,602 (2026)
Parking spaces: 15
School district: Omak

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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