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(509) 393-9327
Real Estate Company
331 S Malaga Avenue, Wenatchee, WA 98801
- $349,000
- 1,320
- SqFt
Listing Broker: Nick McLean Real Estate Group; Kimberly Miller; 509-264-7282; office@nickmclean.com
- List Price
- $349,000
- Status
- ACTIVE
- MLS#
- 2597467
- Style
- 52 - Duplex
- Finished SqFt
- 1,320
- Area Total SqFt
- 1320
- Annual Tax Ammount
- 2460
- Internet Provider
- LocalTel
- Lot Size (sq ft)
- 3,485
- Sewer
- Sewer Connected
Property Description
Owner financing available with acceptable terms! Excellent investment opportunity with this affordable duplex in the heart of Wenatchee, conveniently located just minutes from downtown. This income-producing property features two separate units, both currently rented. The main level offers two bedrooms, one bathroom, private laundry, a dishwasher, durable and low-maintenance luxury vinyl plank flooring, and convenient on-site parking. The lower-level unit features one bedroom, one bathroom, and its own private laundry. Ideally situated near schools, shopping, restaurants, and local parks, with easy access to the Apple Capital Loop Trail, Columbia River waterfront, Pybus Public Market, and the vibrant downtown Wenatchee district. Enjoy year-round recreation with nearby hiking and biking trails, golf courses, wineries, and skiing at Mission Ridge. An excellent opportunity to expand your investment portfolio or explore the potential for owner occupancy while generating rental income. Both units are currently leased, with the upper-level lease expiring October 2026 and the lower-level lease expiring January 2027. Buy as an investment property or buy for yourself to live in while renting out the other.
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Additional Information
- Community
- Wenatchee
- Net Operating Income
- $20,520
- Gross Scheduled Income
- $27,480
- Total Monthly Income
- $2,290
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $2,100
- Gross Rent Multiplier
- 12
- Total Expenses
- $6,960
- Cap Rate
- 7
- Total Number of Units
- 2
- Unit Name
- 331
- Potential Terms
- Cash, Conventional, Owner Will Carry, VA Loan
- Year Built
- 1928
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially
- Energy Source
- Electric
- School District
- Wenatchee
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Wenatchee High
- Total Monthly Income
- $2,290
- Gross Scheduled Income
- $27,480
- Tax Year
- 2026
- Insurance Expense
- $2,400
- W/S/G Expenses
- $2,100
- Total Expenses
- $6,960
- Net Operating Income
- $20,520
- Gross Rent Multiplier
- 12
- Cap Rate
- 7
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.