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Exceptional City of Chelan investment opportunity just steps from Lake Chelan, Don Morse Memorial Park, the marina, restaurants, shopping, recreation, and downtown amenities. Zoned Tourist Accommodation (TA), one of the valley's most flexible zoning designations, this unique property offers exceptional versatility with two separate permitted residences under one ownership. The main home features 3 bedrooms and 2.25 bathrooms, while the permitted 864 sq ft ADU includes its own separate electrical meter, 2 bedrooms, 1.5 bathrooms, and a substantial partially finished basement offering flexibility for storage, recreation space, owner use, or future enhancement opportunities. The detached ADU is complemented by an oversized 3-bay garage, creating valuable space for vehicles, boats, water toys, and guest convenience. City of Chelan jurisdiction is separate from Chelan County vacation rental regulations, adding to the property's appeal for those seeking flexibility and long-term potential. Whether you choose to occupy one residence while generating income from the other, accommodate multi-generational living, provide housing for guests, or explore uses permitted within the TA zoning designation, the possibilities are compelling. Properties combining TA zoning, two permitted residences, substantial garage space, and a premier walkable Chelan location are exceptionally rare. Don't miss this opportunity to own a truly distinctive income-producing asset in the heart of Chelan.