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About the Listing 7083 - 40120
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!
Listing Highlights
Status
Active
Days on Site
2
Property Type
Residential
MLS ®
2530295
Year Built
1937
Total Square Footage
2,460
Lot/Acreage
0.1
Interior Details
- Bedrooms: 5
- Bathrooms: 1 Full / 1 Three-Quarter
- Appliances: Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Microwave(s), Refrigerator(s), Washer(s)
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Ceramic Tile,Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Dbl Pane/Storm Window,Dining Room,Sprinkler System,Water Heater,Master on Main
- Water: City of Chelan
Exterior Details
- Lot Description: Alley,Paved,Built On Lot,Cable TV,Fenced-Fully,High Speed Internet,Outbuildings,Outdoor Fireplace,Patio,Sprinkler System
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof: Composition
- Others: Wood,Very Good
- Sewer: City of Chelan
- Parking Features: Detached Carport,Driveway
Financial Details
- Tax Amount: $3,512
- Taxes w/Assessments: N/A
- Tax/Property ID: 272213512538
- Tax Year: 2026
Payment Calculator
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Questions About..
507 E Wapato Ave Chelan, WA 98816
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