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106 W Pleasant Avenue, 
Cashmere, WA 98815

$545,000


Bed


Bath


-

Sq Ft


0.59

Acres (Lot)


Land

Active

Listed by

Nick Bowler

Ashley Stanaway

RE/MAX Advantage

Last updated:

July 28, 2025, 12:24 AM

MLS#

2410907

Source:

NWMLS

About This Land

106 W Pleasant Avenue

Rare Multifamily Development Opportunity in Cashmere! Two adjacent parcels totaling 0.59 acres (Parcel #s: 231904790055 & 231904790005) with zoning that allows up to 12 total units—two 4-plexes on the larger parcel and one 4-plex on the smaller. Excellent location with easy access to Hwy 2 & Hwy 97 for commuting. Nearby 4-plex units rent for approx. $1,900/month, offering strong income potential. Based on stabilized rents and a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. One of the last build-ready multifamily sites in this high-demand area—don't miss this investment opportunity!

Land Facts

Description/Design:

Land

Lot Size (Acres)

0.59

MLS #:

2410907

Last Updated:

July 28, 2025, 12:24 AM


Finances & Disclosures

Finances

Price:

$545,000

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 4, 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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