About 507 E Wapato Avenue
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!
Features of 507 E Wapato Avenue
| MLS® # | 2570273 |
|---|---|
| Price | $625,000 |
| Bedrooms | 5 |
| Bathrooms | 1.75 |
| Full Baths | 1 |
| Square Footage | 2,460 |
| Acres | 0.10 |
| Year Built | 1937 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 507 E Wapato Avenue |
|---|---|
| Area | 961 - Lake Chelan |
| Subdivision | Chelan |
| City | Chelan |
| County | Chelan |
| State | WA |
| Zip Code | 98816 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | Detached Carport, Driveway |
| View | Mountains |
| Is Waterfront | No |
Interior
| Interior Features | Dbl Pane/Storm Window, Dining Room, Sprinkler System, Water Heater |
|---|---|
| Appliances | Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s), Washer |
| Heating | Forced Air, Heat Pump, Radiant |
| Cooling | Central Air, Ductless, Forced Air, Heat Pump |
| Fireplace | No |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Alley, Paved |
| Foundation | Poured Concrete |
School Information
| District | Lake Chelan |
|---|
Additional Information
| Date Listed | August 18th, 2026 |
|---|---|
| Days on Market | 96 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Real Estate Midtown |
|---|