219 Independence Way - Apartments FOR SALE


Cashmere, WA 98815
$2,450,000 USD
509-410-1990
219 Independence Way, Cashmere, WA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/13
null | 5.13% Cap Rate

219 Independence Way
Cashmere, WA 98815


HIGHLIGHTS

  • Prime downtown Cashmere location walkable to restaurants, shops, and amenities.
  • Six units feature unique live-work layout with 16' overhead doors.
  • Clear path to operational value-add upside.
  • Heavy daylight foot traffic

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

20

PRICE/UNIT

$122,500

CAP RATE

5.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cashmere Business Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

Downtown Business

APN/PARCEL ID

21617

ASK ABOUT THIS PROPERTY

Mason FiasconeMultifamily MasonMore Info
509-410-1990

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Mason FiasconeMultifamily MasonMore Info
509-410-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.