LKV Realty
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Jonna HoodWindermere Real Estate Midtown
$685,000
507 E Wapato Avenue, Chelan, WA 98816Listing ID 2530295

507 E Wapato Avenue, Chelan, WA 98816

Active
Chelan
Last updated: Jul 15, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
5
Bathrooms
Bathrooms
2
Square Feet
Square Feet
2,460
Acres
Acres
0.1
Cooling
Cooling
Central Air, Ductless, Forced Air, Heat Pump
Heating
Heating
Forced Air, Heat Pump, Radiant
Year Built
Year Built
1937
Parking
Parking
Detached Carport, Driveway

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!

Property Information

Property Details

Location

Address
507 E Wapato Avenue
County
Chelan
City
Chelan
Zip Code
98816
Subdivision
Chelan
School District
Lake Chelan
MLS Area
961 - Lake Chelan

Interior Features

Beds and Baths

Bedrooms
5
Main Level Bedrooms
4
Full Bathrooms
1
3/4 Bathrooms
1

Building

Building Information

Square Feet
2,460
Year Built
1937
Construction
Wood
Foundation
Poured Concrete
Roof
Composition
Condition
Very Good

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$3,512
Tax Year
2026
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 11 Aug 2026, 11:11 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM40120

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.