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$1,950,000 Just Listed

  • For Sale
  • Active
  • Industrial
  • Updated 3 days ago

Listed by Russ McClellan | KW Frontline | (509) 682-1111

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Westwind is not a traditional apartment building. The property includes 13 established residential condominium units currently operated together as a rental investment, along with separately condominiumized garages and parking interests. This structure creates a unique combination of current income and long-term exit flexibility. Several units have had limited rent adjustments over time, providing opportunity to increase revenue and NOI as rents move toward market levels. Continue operating as a rental portfolio, improve units and income, or potentially sell individual condominium interests over time. Seller-owned future air rights and Downtown Mixed Residential zoning add further flexibility. Directly across from Don Morse Memorial Park and walking distance to Lake Chelan, marina, dining, shopping and recreation.

Full Property Details for 315 W Gibson Ave

General

  • Price: $1,950,000
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2590977
  • Updated: 10/8/2026
  • Added to Site: 6 day(s) ago

Location

  • Area: 961 - Lake Chelan
  • County: Chelan
  • Subdivision: Chelan
  • Driving Directions: From downtown Chelan, head west on Woodin Ave, turn right on N Emerson St, then left on W Gibson Ave. 315 W Gibson Ave will be on your left.

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless, See Remarks
  • Heating Type: Baseboard, Ductless, See Remarks, Wall Furnace

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Exterior Const.: Cement/Concrete
  • Roof: Composition
  • Year Built: 1956

Lot Features

  • Lot Size (Acres): 0.5242
  • Lot Size (Sq. Ft.): 22,836
  • Lot Size Source: Survey Map
  • Topography: Level
  • Zoning: Commercial, Multi-Family, Office, Residential, See Remarks

Financial Considerations

  • Terms: Cash, Conventional, Owner Will Carry

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 272212590510

Listed by Russ McClellan | KW Frontline | (509) 682-1111

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Schools serving 315 W Gibson Ave

School District:Lake Chelan School District
NameGradesDistance
Morgen Owings Elementary School
407 East Woodin Avenue, Chelan, WA 98816
K-50.6 mi
Holden Village Community School
HCOO Stop 2, Chelan, WA 98816
K-1242.6 mi
Chelan Middle School
215 Webster Avenue, Chelan, WA 98816
6-80.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 315 W Gibson Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/05/2026
Listed
$1,950,000
129.41%
MLS
8/23/2017
Sold
$850,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 315 W Gibson Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
100%
2023
100%
-100%
2022
-100%
$92,400
—
2018
$6,208
—
$92,400
-85%
2018
$6,208
58%
$619,257
48%
2017
$3,928
8%
$418,223
12%
2016
$3,640
-9%
$372,386
-6%
2015
$4,002
-9%
$397,622
-4%
2014
$4,377
—
$413,148
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Russ McClellan | KW Frontline | (509) 682-1111

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315 W Gibson Avenue, Chelan, WA 98816 (MLS# 2590977) is a Industrial property. 315 W Gibson Avenue is currently listed for $1,950,000 and was received on October 05, 2026. Want to learn more about 315 W Gibson Avenue? Do you have questions about finding other Industrial real estate for sale in Chelan? You can browse all Chelan real estate or contact a Coldwell Banker agent to request more information.

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