Tamarack, a 23-unit apartment community at 211 N. Delaware Avenue in Wenatchee, Washington, has sold for $3.25 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team represented the seller, Dan Dahl.
The 21,400-square-foot garden-style community is located steps from downtown Wenatchee and offered investors a value-add opportunity in a highly competitive multifamily market.
Tamarack went under contract just three days after being listed and sold for approximately $141,304 per unit. The sale marks the property’s first change of ownership in 19 years.
“The speed at which Tamarack went under contract reflects the strong demand we continue to see for well-located multifamily opportunities in Wenatchee,” said Frame. “The property had been thoughtfully maintained over many years, giving buyers a strong existing asset with additional upside. Combined with its location near downtown, that made it a compelling opportunity and generated immediate interest.”
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 20 offices across Washington, Oregon, California, Nevada, Arizona, and Texas. 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 55 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
