120 N Miller Street, Wenatchee, WA 98801 (MLS # 2598658)

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Listing provided courtesy of Northwest MLS; Northmarq Multifamily, LLC

PRICE $2,750,000
BEDS 0
BATHS 0
HOME SIZE 16,000 sqft
LOT SIZE 39,640 sqft
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We are pleased to present Miller's Edge, a 14-unit multifamily portfolio in central Wenatchee spread across five separate parcels: three duplexes at 120, 210 and 214 N Miller St (210 and 214 are adjacent) and two adjacent fourplexes at 314 and 320 N Emerson Ave. Built between 1984 and 1988, the portfolio offers spacious two-bedroom floorplans, with eight 2 bed/1 bath units of approximately 1,000 to 1,200 SF and six 2 bed/1.5 bath units of approximately 1,200 SF, totaling approximately 16,000 net rentable SF, plus 14 carport spaces.The portfolio is 100% occupied and offered at $2,750,000 (approx. $196,000 per unit and $172 per SF), a 5.98% in-place cap rate and 9.75 GRM. Current rents average approximately $1,679 per unit against market rents of approximately $1,744, and a utility bill-back (RUBS) program offers additional income upside.Centrally located with convenient access to regional employment centers, schools, retail amenities and outdoor recreation, the properties benefit from Wenatchee's limited housing supply and steady rental demand. Sale is by a court-appointed receiver and subject to court approval.

LAST UPDATED 10/27/2026 TRACT Wenatchee
YEAR BUILT 1984 COMMUNITY Wenatchee
COUNTY Chelan STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Lewis And Clark Elem
Jr. High School Foothills Mid
High School Wenatchee High


ADDITIONAL DETAILS
AIR CONDITIONING Yes
AREA 971 - Wenatchee
HEAT Electric, Forced Air
LOT 0.91 acre(s)
LOT DESCRIPTION Paved, Sidewalk
MLS STATUS Active
STORIES 2
STYLE 52 - Duplex
SUBDIVISION Wenatchee
TAXES 19468.59
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Territorial
WATER Public
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/27/26 6:21 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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