$499,000
Est. $2,531/mo3 bd•0.5 ba•1,877 sq ft
508 E First Street, Cle Elum, WA 98922
• Listed 2026-03-17•44 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 2:40 PM PDT (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.
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Located in the most active commercial area of Cle Elum, this unique property offers endless possibilities. Situated next door to the iconic Owens Meats and directly across the street from the Cle Elum Bakery, the location ensures maximum visibility and foot traffic. Sitting on a 6,000 sq. ft. lot with convenient alley access, this property can be transformed into a residence, business, or both! The home itself is a blank canvas, ready for your creative vision—whether you dream of a charming home, a thriving storefront, or a combination of the two. Opportunities like this, in such a high-demand area, don’t come around often. Bring your ideas and make this space your own! Seller Financing Available.
Listed by Jon L. Newton • Windermere RE Cle Elum
Listing updated: April 14, 2026 at 10:08pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2492543
5 recent nearby sales, priced between $480K and $1M.

$485,000Last sold price
416 E Second, Cle Elum, WA 98922

$1,000,000Last sold price
80 Meadow Ridge Drive, Cle Elum, WA 98922

$699,998Last sold price
406 6th Street #3, Cle Elum, WA 98922
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,030 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%.
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Cle Elum is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 58 days.
$99,950 Sold
1 week ago
•Single Family
322 W 4th Street, Cle Elum, WA 98922
0%
Over list
—
Days on market
0.7 mi
Distance
$490,000 Sold
4 months ago
3 bd•1 ba•~1,288 sq ft•Single Family
605 Ronald Avenue, Cle Elum, WA 98922
2%
Under list
—
Days on market
0.9 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 via RentCast · Updated May 2026
4.8/10
Car-Dependent
Most errands require a car
4.0/10
Some bikeability
Minimal bike infrastructure
Provided by Walk Score
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.