331 S Malaga Avenue Wenatchee, WA $ 349,000
331 S Malaga Avenue
$ 349,000
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331 S Malaga Avenue

Wenatchee, WA, 98801
$ 349,000
Bedrooms3 Baths2.0 Sq 1,320

Monthly Estimate*

$ 2,410

Listed by Kimberly Miller, Nick McLean Real Estate Group, 509-264-7282, office@nickmclean.com
331 S Malaga Avenue, Wenatchee, WA 98801 - Image 1
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Multi-Family Home for sale in Wenatchee, WA

for $349,000 with 3 bedrooms and 2 full baths. This 1,320 square foot home was built in 1928 on a lot size of 0.08.

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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Multi-Family Active

Price

$ 349,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,460

Style

Duplex

Lot Size

0.08

Year Built

1928

Town/City

Wenatchee

County/Region

Chelan

MLS | Web ID

2597467

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling Window Unit(s)
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1928
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Chelan
Net Operating Income 20520
Insurance Expense 2400
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Wenatchee
Possible Use Residential
Special Listing Conditions None
Status Active
Directions From Orondo Ave go south onto Okanogan Ave. Left onto Kittitas. Right onto S Malaga Ave. Home on the left.
High School Wenatchee High
City Wenatchee
Senior Community Y/N N
High School District Wenatchee
Zoning Description Residential
Number Of Units Total 2
MLS Area 971 - Wenatchee
Lot Size Units Square Feet
Lot Size Square Feet 3485
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional Owner Will Carry VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 2460
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks 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-pr
Leasable Area 1320
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Wenatchee
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 2100
Property Style 52 - Duplex
Cap Rate 7
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Exterior
Exterior Amenities Wood
Water Source Public
Total Parking 4
Building Area Total 1320
Lot Size Acres 0.08
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Total 4
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2597467
Street Number 1 331
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* Excluded Features
List By
Kimberly Miller

Listing Agent

Nick Mclean Real Estate Group

Broker

office@nickmclean.com

Email

Affordability Calculator

$2,615
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,410
Monthly Property Taxes
$205
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100584 Elementary School
3100583 Middle School
Wenatchee High High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$349,000 Listed Price

Map


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331 S Malaga Avenue, Wenatchee, WA, 98801 is a Multi-Family Home for sale at $349,000 with 1,320 sqft and a lot size of 0.08. 331 S Malaga Avenue has 3 bedrooms, 2.0 baths, and was built in 1928. The property's zip code is 98801 which is in Wenatchee, WA