$450,000
Est. $2,337/mo4 bd•3.5 ba•3,723 sq ft
21 W 4th Avenue, Omak, WA 98841
• Listed 2026-07-28•41 days on market
Talk to a local RexMont expert
Avg response under 5 mins
Residential and business high-performing investment opportunity with an attractive 8% cap rate in the heart of Omak, Washington. Located on a high-visibility, high-traffic corridor with outstanding access from both Omak and neighboring Okanogan, this turnkey income-producing property offers immediate cash flow and long-term investment potential. Consisting of three buildings- two houses and one main business building, all with established tenants. Three business tenants include a chiropractor, salon, and Beltone Hearing, plus two residential rental homes on commercially zoned property for diversified income. Major updates include a new roof (2014), building renovation (2023), parking lot replacement (2018), recent reseal and striping, mini-splits (2025), and exterior paint on the homes. Offering 11 parking spaces, excellent signage, strong street exposure, and mostly month-to-month leases (one through Sept. 2028), this is an outstanding opportunity for investors seeking a mixed-use commercial property, rental income, or owner-investment. Additional back area once used as meat cutting business could also be leased- has separate entry and access to 2 walk-in coolers, currently empty and used for storage. Family owned for generations and offered as-is.
Listed by Cora Nordby • Windermere RE/Lake Chelan
Listing updated: August 5, 2026 at 08:42am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2564017
Open houses
No upcoming open houses scheduled for this property.
21 W 4th Avenue, Omak, WA 98841
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,584 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Omak is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 49 days.
$360,000 Sold
3 weeks ago
5 bd•2.5 ba•~2,406 sq ft•Single Family
314 3rd Avenue W, Omak, WA 98841
6%
Under list
—
Days on market
0.2 mi
Distance
$210,000 Sold
3 weeks ago
2 bd•0.75 ba•~792 sq ft•Single Family
14 S Elm Street, Omak, WA 98841
0%
Over list
—
Days on market
0.4 mi
Distance
$185,000 Sold
4 weeks ago
2 bd•0.75 ba•~1,135 sq ft•Single Family
120 S Fir Street, Omak, WA 98841
1%
Under list
—
Days on market
0.4 mi
Distance
$197,000 Sold
6 weeks ago
3 bd•1 ba•~1,104 sq ft•Single Family
330 Edmonds Street, Omak, WA 98841
0%
Over list
—
Days on market
0.4 mi
Distance
$64,000 Sold
7 weeks ago
•Single Family
25 Main Street S, Omak, WA 98841
9%
Under list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of August 5, 2026 at 08:42am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
$488,000
+$38,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $315K and $780K.
Rental earnings
$1,475/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$321,500Last sold price
144 Montvu Drive, Omak, WA 98841
$415,000Last sold price
132 Montvu Drive, Omak, WA 98841
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
More homes in this area that match your range.
$289,000
10 W Dewberry Avenue, Omak, WA 98841
Donna R Mergen · Windermere RE/City Group
$289,000
733 Ridge Place, Omak, WA 98841
Nate Brown · Pine Street Realty
$645,000
536 Hillcrest Circle Drive, Omak, WA 98841
Stephanie Sackman · CB Cascade RE - Winthrop
$639,900
522 Hillcrest Circle Drive, Omak, WA 98841
Donna R Mergen · Windermere RE/City Group
$565,000
725 Okoma Drive, Omak, WA 98841
Nate Brown · Pine Street Realty
$379,000
602 Ironwood Street, Omak, WA 98841
Monica Desautel · Best Choice Realty LLC
