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.
Active
Listed by: Nick McLean Real Estate Group • Kimberly Miller • 509-264-7282
$349,000
331 S Malaga Avenue, Wenatchee, WA 98801
3beds
2baths
1,320sqft
Duplex, Multi Family
Built in 1928
-- sqft lot
$344,200 Zestimate®
$264/sqft
$-- HOA
What's special
Convenient on-site parkingTwo separate unitsOne bathroomOwn private laundryPrivate laundry
- --
- on Zillow
- 155
- views
- 10
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kimberly Miller 509-264-7282 office@nickmclean.com,
Nick McLean Real Estate Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2597467
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Features
- Has fireplace: No
Interior area
- Total structure area: 1,320
- Total interior livable area: 1,320 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 3,484 Square Feet
- Features: Fenced-Partially
Details
- Parcel number: 222010748115
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1928
Utilities & green energy
- Electric: Company: Chelan County PUD
- Sewer: Sewer Connected, Company: City of Wenatchee
- Water: Public, Company: City of Wenatchee
- Utilities for property: Localtel
Community & HOA
Community
- Subdivision: Wenatchee
Location
- Region: Wenatchee
Financial & listing details
- Price per square foot: $264/sqft
- Tax assessed value: $274,461
- Annual tax amount: $2,460
- Date on market: 10/22/2026
- Listing terms: Conventional,VA Loan
Estimated market value
$344,200
$327,000 - $361,000
$2,068/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2026 | Listed for sale | $349,000+83.7%$264/sqft |
Source: | ||
| 4/24/2024 | Sold | $190,000+91.9%$144/sqft |
Source: Public Record Report a problem | ||
| 1/16/2009 | Sold | $99,000$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,461 +28.9% | $274,461 +27.1% |
| 2024 | $1,909 +5% | $215,935 +0.5% |
| 2023 | $1,817 +3.7% | $214,803 +9.2% |
| 2022 | $1,753 +6.5% | $196,642 +17.7% |
| 2021 | $1,646 +17.2% | $167,036 +25.7% |
| 2020 | $1,404 +10.4% | $132,849 +2.8% |
| 2018 | $1,272 +3.1% | $129,228 +26% |
| 2017 | $1,234 +78.5% | $102,541 +7% |
| 2016 | $691 | $95,835 +35.9% |
| 2015 | $691 | $70,526 -5.5% |
| 2013 | $691 | $74,605 +24.8% |
| 2012 | -- | $59,801 -4% |
| 2011 | $688 -3% | $62,294 -8.6% |
| 2010 | $709 | $68,141 +72.8% |
| 2008 | -- | $39,437 |
| 2007 | -- | $39,437 |
| 2006 | -- | $39,437 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98801
Nearby schools
Schools provided by the listing agent
- High: Wenatchee High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







