21 W 4th Avenue

Omak, WA 98841

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.

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.

Features and Additional Information

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$450,000 Active
4 Bed(s)
4
Baths
3,723 sqft

Presented By Coldwell Banker 360 Team

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Brokerage
Windermere RE/Lake Chelan
1-509-682-4211
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Area Information

620 Okanogan Valley | Okanogan County | Omak

$ 450,000
This listing is play_arrow 22.0% higher than the average in the area
$ 369,000 in the area
3,723 SqFt
This listing is play_arrow 125.0% larger than the average in the area
1,655 SqFt in the area
$ 121 $/SqFt
This listing is play_arrow 45.8% less than the average in the area
$ 223 $/SqFt in the area
102 days on site
This listing is play_arrow 27.5% above the average in the area
80 days on site in the area

Schools in the Area

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Listed By Cora Nordby
Brokerage: Windermere RE/Lake Chelan

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