A nine-unit apartment complex in Wenatchee, Washington, has sold for $1,850,000. Kidder Mathews Vice President Max Frame of the Simon Anderson Multifamily Team, based at the firm’s Seattle headquarters, represented the seller.
Located at 475 N. Elliott Avenue, the 6,444-square-foot property was built in 2015 and includes eight residential units and one commercial space. The turn-key building sits across the street from Wenatchee Valley College and within walking distance of downtown.
The property went under contract after just six days on the market. The buyer submitted an all-cash offer with no financing contingency, completed a 10-day contingency period, and closed the transaction within 28 days.
“The speed and certainty of this transaction demonstrate the strong demand for well-located, turn-key multifamily assets in Wenatchee,” said Frame. “The property’s proximity to Wenatchee Valley College and downtown, along with its mix of residential and commercial space, made it an especially compelling opportunity.”
About the Simon | Anderson Multifamily Team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 15 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages 54 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
