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219 Independence Way
Cashmere, WA 98815
Cashmere Business Park Apartments · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Prime downtown Cashmere location walkable to restaurants, shops, and amenities.
- Clear path to operational value-add upside.
- Six units feature unique live-work layout with 16' overhead doors.
- Heavy daylight foot traffic
EXECUTIVE SUMMARY
Located at 219-259 Independence Way in the heart of downtown Cashmere, Cashmere Business Park Apartments provides a rare combination of residential and commercial appeal in one of Central Washington’s most desirable small-town markets. The asset includes 20 units, 6 of which feature high-clearance garage bays with overhead doors, offering tenants the flexibility to operate home-based businesses, store equipment, or simply enjoy additional private space. This unique configuration is well suited to Cashmere’s tenant base, which includes tradespeople, remote workers, and entrepreneurs drawn to the area’s lifestyle and affordability.
Cashmere’s downtown continues to evolve with new businesses, restaurants, and community investment, making it an increasingly vibrant place to live and work. The property’s location just off Cottage Avenue puts it steps from Main Street attractions, while Highway 2 provides quick access to Wenatchee (15 minutes east) and Leavenworth (20 minutes west). This regional connectivity, combined with small-town charm, is fueling population growth and rising demand for quality rental housing in the area.
As part of the larger Wenatchee Valley economic corridor, Cashmere enjoys the benefits of Wenatchee’s expanding healthcare and technology sectors, as well as the year-round tourism economy that supports Leavenworth. The result is a stable, growing rental market with limited new supply—creating an ideal scenario for investors seeking long-term returns and potential for operational improvement in a well-located, high-demand asset.
Access the 3D tour here: https://my.matterport.com/show/?m=mUk7vwPwe8e
Cashmere’s downtown continues to evolve with new businesses, restaurants, and community investment, making it an increasingly vibrant place to live and work. The property’s location just off Cottage Avenue puts it steps from Main Street attractions, while Highway 2 provides quick access to Wenatchee (15 minutes east) and Leavenworth (20 minutes west). This regional connectivity, combined with small-town charm, is fueling population growth and rising demand for quality rental housing in the area.
As part of the larger Wenatchee Valley economic corridor, Cashmere enjoys the benefits of Wenatchee’s expanding healthcare and technology sectors, as well as the year-round tourism economy that supports Leavenworth. The result is a stable, growing rental market with limited new supply—creating an ideal scenario for investors seeking long-term returns and potential for operational improvement in a well-located, high-demand asset.
Access the 3D tour here: https://my.matterport.com/show/?m=mUk7vwPwe8e
PROPERTY FACTS
| Price Per Unit | $168,866 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.13% | Building Size | 34,916 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.15/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Downtown Business | ||
| Price Per Unit | $168,866 CAD |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 34,916 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | Downtown Business |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
SITE AMENITIES
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | 660 - 1,900 |
| 1+1 | 10 | - | 750 - 1,952 |
| 2+1 | 1 | - | 2,000 |
PROPERTY TAXES
| Parcel Number | 21617 | Improvements Assessment | $2,092,311 CAD |
| Land Assessment | $87,670 CAD | Total Assessment | $2,179,981 CAD |
PROPERTY TAXES
Parcel Number
21617
Land Assessment
$87,670 CAD
Improvements Assessment
$2,092,311 CAD
Total Assessment
$2,179,981 CAD
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