21 W 4th Avenue · Omak, WA 98841
Source: NWMLS · Windermere RE/Lake Chelan · Cora Nordby #NWM2564017
About this home
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.
Location
Basics
- Property type
- Single Family Residence
- Style
- Traditional
- Stories
- 1 story
- Year built
- 1946
- Lot size
- 16,117 sq ft (0.37 acres)
- County
- Okanogan
- MLS #
- NWM2564017
Interior
- Heating
- Baseboard, Ductless, Wall Furnace
- Cooling
- Ductless, Insert, Window Unit(s)
- Flooring
- Concrete, Vinyl Plank, Carpet
- Appliances
- Dryer, Refrigerator, Washer
- Interior features
- Ceiling Fan(s)
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood, Wood Products
- Roof
- Built-Up, Metal
- Foundation
- Block, Poured Concrete
- Lot features
- Alley, Corner Lot, Curbs, Paved, Sidewalk
- Topography
- Level
- Waterfront
- No
Parking
- Parking spaces
- 15
- Parking features
- Driveway, Off Street
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Omak
- Property tax
- $1,602 (2026)
Transaction
- Listed on
- Jul 28, 2026
- Days on market
- 54
- Price per sq ft
- $121
- Listing terms
- Cash, Conventional, Owner Will Carry
- Possession
- Closing, Negotiable
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2026-07-28
- Active$450,000
Schools
School district: Omak
- High
- Washington Virtual Academy Omak High SchoolSchoolDigger 2 stars · Top 63% in WA

Listing provided courtesy of: Windermere RE/Lake Chelan
Listing agent: Cora Nordby.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-08-05.