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$649,900
507 E Wapato Avenue , Chelan, WA 98816
Chelan, WA, 98816
Active · 74 days on market
5Beds
2Baths
2,460Sq Ft
1937Year built
0.1Lot (acres)
Single Family ResidenceType

About this home

Opportunity awaits in the heart of Lake Chelan! Extensively renovated with a studs-out remodel in 2022 and over $200,000 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!

Interior features

Dbl Pane/Storm Window
Dining Room
Sprinkler System
Water Heater

Exterior features

Wood

Appliances

Dishwasher
Microwave
Refrigerator
Stove(s)/Range(s)
Washer

Parking

Detached Carport
Driveway

Schools

District: Lake Chelan

Request a tour or more info

Courtesy of Windermere Real Estate Midtown. The data relating to real estate for sale on this site comes in part from the Northwest Multiple Listing Service (NWMLS). Listings held by brokerage firms other than this brokerage are marked by the three-tree symbol; detailed information about such listings includes the name of the listing brokerage. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. All information is deemed reliable but not guaranteed and should be independently verified.

Based on information from the Northwest Multiple Listing Service as of August 19, 2026.

ARAgencyOne RealtyAgencyOne Realty · Questions about this home?