Fantastic investment opportunity, 2 city lots and three commercial buildings with excellent visibility and great street frontage in the heart of Ellensburg. 12,000 sq/ft lot with 100/ft of street frontage, aprox 1500 sq/ft total building space. 3 separate rental income opportunities including restaurant/take-out, a 1+ bedroom residence and an open studio/office, $4700 average rent when all 3 are occupied. Additional storage buildings and covered spaces for outdoor dining. Directly across from Fred-Meyer parking lot. A thriving college town with a vibrant art community. High traffic area, near one of the most traveled intersections in town. Ample parking/w easy access from Water street. Possible short term owner contract/w sizeable down.
Sold for $520,000 on 03/31/25
$520,000
108 S Water St, Ellensburg, WA 98926
1beds
1,486sqft
Single Family Residence
Built in 1950
0.28 Acres Lot
$439,200 Zestimate®
$350/sqft
$1,051 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Source: John L Scott Real Estate,MLS#: 2274236
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Electric
Interior area
- Total structure area: 1,486
- Total interior livable area: 1,486 sqft
Property
Features
- Patio & porch: Deck
- Exterior features: Garden
- Has view: Yes
- View description: Territorial, City
Lot
- Size: 0.28 Acres
Details
- Parcel number: 497133
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Roof: Metal
Condition
- Year built: 1950
Community & neighborhood
Location
- Region: Ellensburg