Listing provided courtesy of Windermere Real Estate MidtownNWMLSas Distributed by MLSGrid- MLS# NWM2530295
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Request Info507 E Wapato AvenueChelan, WA 98816
Single Family · 5 Beds · 1 Full Bath · 1 Three Quarter Bath · 2,460 Sq. ft. | 0.10 Acres$699,000
Active
507 E Wapato Avenue Overview
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Opportunity awaits in the heart of Lake Chelan! Extensively renovated with a studs-out remodel in 2022 and over $225,000 invested in upgrades, this turnkey property offers a perfect blend of modern comfort, prime location, & income-producing potential. Just blocks from the lake & downtown, this home is ideally positioned as either a full-time residence, vacation retreat, or high-performing short-term rental. This spacious 5 bedroom 2,460-square-foot home features a fully fenced & shaded front yard creating a welcoming outdoor retreat, while the private back patio is designed for entertaining with covered dining, sectional seating around a firepit, and detached storage shed. Inside, nearly every surface & system has been updated, including flooring, appliances, bathrooms, HVAC (AC!), electrical, plumbing, windows, and more. The living room is anchored by a charming bay window framing beautiful mountain views an expansive dining area comfortably seating 10 guests, 3 bedrooms & a tiled bath with radiant flooring. Two light-filled oversized bedrooms upstairs sharing a full bath. A massive unfinished attic presents potential for future expansion — a bunk room or play area. Thoughtfully redesigned, this move-in-ready property offers flexibility, charm, & proven rental performance in one of Washington’s most sought-after vacation destinations. Inspection report & rental statements available. Schedule a private tour today!
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507 E Wapato Avenue Facts & Features
- Type Single Family
- Sq. ft. 2,460
- Price/Sq.ft. $284
- Lot 0.10 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Lake Chelan
Building Information
- New Construction: No
- Year Built: 1937
Location/Region
- Country: US
- County Or Parish: Chelan
- MLS Area Major: 961 - Lake Chelan
- Subdivision Name: Chelan
Rent/Lease Information
- Land Lease: No
Tax Information
- Tax Annual Amount: $3,512.00
- Tax Year: 2026
General Information
- Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Listing Terms: Cash, Conventional, FHA, VA Loan
- Parcel Number: 272213512538
- Property Condition: Very Good
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: None
Interior
Building Information
- Building Information: Built On Lot
Beds/Baths
- Bathrooms Full: 1
- Bathrooms Half: 0
- Bathrooms Three Quarter: 1
- Bathrooms Total: 2
- Bedrooms Total: 5
- Bedrooms Lower: 0
- Bedrooms Upper: 1
Building Interior
- Appliances Included: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Building Area Total: 2460
- Building Area Units: Square Feet
- Calculated Square Footage: 2460
- Square Footage Finished: 2460
- Square Footage Unfinished: 0
General Information
- Appliances: Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s), Washer
- Basement: Unfinished
- Cooling: Yes
- Entry Location: Main
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Laminate, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Interior Features: Dbl Pane/Storm Window, Dining Room, Sprinkler System, Water Heater
- Levels: Two
- Living Area: 2460
- Main Level Bathrooms: 1
- Main Level Bedrooms: 4
- Power Production Type: Electric
- Security Features: Fully Fenced
Exterior
Parking Information
- Open Parking: No
- Parking Features: Detached Carport, Driveway
- Parking Total: 5
- Parking Uncovered Total: 4
Lot Information
- Irrigation Water Rights: No
- Lot Features: Alley, Paved
- Lot Size Acres: 0.1
- Lot Size Square Feet: 4356
- Lot Size Units: Square Feet
- Site Features: Cable TV, Fenced-Fully, High Speed Internet, Outbuildings, Outdoor Fireplace, Patio, Sprinkler System
- Topography: Level
- Vegetation: Garden Space
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Attached Garage: No
- Direction Faces: South
- Roof: Composition
- Structure Type: House
General Information
- Carport: Yes
- Covered Spaces: 1
- Exterior Features: Wood
- Sewer: Sewer Connected
Room Information
Room: Bathroom Three Quarter
- Level: Main
Room: Bedroom
- Level: Main
Room: Bedroom
- Level: Main
Room: Bedroom
- Level: Main
Room: Dining Room
- Level: Main
Room: Entry Hall
- Level: Main
Room: Family Room
- Level: Main
Room: Kitchen Without Eating Space
- Level: Main
Room: Living Room
- Level: Main
Room: Primary Bedroom
- Level: Main
Room: Utility Room
- Level: Main
Room: Bathroom Full
- Level: Second
Room: Bedroom
- Level: Second
507 E Wapato Avenue Neighborhood
Community
98816 (Chelan) Demographics
41
Median Age
14
Population Density (per sq. mile)
28%
College Educated
$56,582
Estimated Median Income
1,416
Estimated Total Home Owners
879
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.507 E Wapato Avenue Monthly Cost
507 E Wapato Avenue Market Data
Based on the last 30 days in this zip code
$934,495
Average List Price
$518
Average Price per Square Foot
19
Properties Sold
106
Average Days on Market
188
Properties for Sale
507 E Wapato Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/15/2026Source: NWMLS | Active |
|
| 6/7/2026Source: NWMLS | Pending Inspection |
|
| 5/29/2026Source: NWMLS | May 29, 2026 |
|
| 6/20/2022Source: NWMLS | June 09, 2021 |
|
| 11/9/2021Source: NWMLS | Sold |
|
| 7/29/2021Source: NWMLS | Pending |
|
| 6/15/2021Source: NWMLS | Pending Feasibility |