617 N Bradley St, Chelan, WA 98816

2 BD | ¾ BTH | 1,050 SQFT | 6,534 SQFT LOT

Offered at $325,000

Downtown Chelan Development Opportunity With Rental Income in Place

Downtown Chelan Development Opportunity: Rare downtown mixed residential offering with income in place from day one. A 2 bedroom, 1 bath, 1,050SF stucco bungalow sits on the site and produces cash flow while you design, permit, and plan your next multi-family project. Hold it, rent it, then build beside it.

2

Bedrooms

3/4

Bathroom

1,050

Square Feet

6,534

Square Foot Lot

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The land is the story. One full lot plus 22 feet of a second, measuring 71 feet wide by 91 feet deep, fully surveyed, filled, and graded. The heavy lifting is done. Go vertical adjacent to the existing bungalow with a two-story duplex, or explore two ADUs, whichever pencils stronger for your model. Contact the City of Chelan Planning Department to confirm the path that fits your plan. Position matters here. Walk to downtown shops, restaurants, and schools, with the lake minutes away.

Chelan's downtown core continues to absorb demand for attached and small-scale multi-family housing, and infill sites this close in, already prepped, do not come available often. Sold as-is. Property will not qualify for first time buyer or conventional financing. Contact local lenders regarding portfolio or in house loan programs. NO SELLER FINANCING AVAILABLE. Tenant occupied, appointment only. Buyer to verify zoning, density, square footage, and development potential with the City of Chelan.

Property Highlights

PROPERTY AND LOT

  • Living area: 1,050 square feet
  • Lot area: Approximately 6,534 square feet
  • Reported dimensions: Approximately 71 feet by 91 feet
  • Legal lot description: Lot 6 plus 22 feet of Lot 5
  • Year built: 1930
  • Style: 1½-story stucco bungalow
  • Zoning: Downtown Mixed Residential
  • Jurisdiction: City of Chelan
  • Lot characteristics: Level, open, and partially fenced
  • Site preparation: Surveyed, filled, and graded according to the seller
  • Views: Mountain and territorial
  • Parking: Driveway and RV parking
  • HOA: None
  • School district: Lake Chelan
  •  

UTILITIES AND SERVICES

  • Public water
  • Public sewer connection
  • Electric power
  • City of Chelan water, sewer, and garbage service
  • Chelan County PUD electricity
  • Public transit nearby
  • Link Transit Route 21 nearby

EXISTING HOME

  • Two bedrooms
  • One three-quarter bathroom
  • 1,050 square feet
  • Wood-burning fireplace
  • Ceramic tile and vinyl flooring
  • Refrigerator
  • Range
  • Washer and dryer
  • Wall heating
  • Window air conditioning
  • Composition roof
  • Concrete-block foundation
  • No basement
  • Tenant occupied
  • Sold as-is

INVESTMENT DETAILS

    • Current monthly rent: $1,400
    • Current annual gross rent: $16,800
    • Offered at: $325,000
    • Annual property taxes: Approximately $2,473 for 2026
    • Short-term rental status: No
    • Possession: Closing, subject to tenant rights
    • Seller financing: Not available
    • Financing: Cash or qualifying portfolio or in-house loan program
    • Conventional and first-time homebuyer financing may not be available

     

  • Buyers should contact a qualified local lender before relying on any financing option.

     

Downtown Chelan Location

617 N Bradley Street is located several blocks from downtown Chelan, close to shops, restaurants, schools, parks, and everyday services. Lake Chelan, Don Morse Memorial Park, and nearby public transit are only minutes away.

 

Nearby highlights:

  • Downtown Chelan
  • Lake Chelan waterfront
  • Don Morse Memorial Park
  • Local shops and restaurants
  • Lake Chelan schools
  • Link Transit Route 21

 

 
 

ARTURO ZAVALA

Broker | Luxury Advisor
Windermere Real Estate / Lake Chelan
509.630.6365
arturozavala@windermere.com

Call, text, or email for more information.

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