14-Unit Multifamily
120 N Miller St, Wenatchee, WA 98801
For Sale
$2,750,000
Five separate parcels contain a fully occupied collection of two-bedroom apartments with carport parking.
Property SizeContact for details
Days on Market14
Property Features for 120 N Miller St
General Information
Standard status
Net Rentable
Total Parking Spaces
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Gross Rent Multiplier
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Northmarq Multifamily, LLC
(952) 356-0100
Listed By:
Steven Fischer
(425) 830-2254
Source:
Exprealty
Added: Oct 27
Changed: Nov 7
Last Checked: Nov 8 at 8:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Multifamily, LLC
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Investment Insights
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This 14-unit apartment portfolio comprises five parcels in Wenatchee: three duplexes at 120, 210 and 214 N Miller St, and fourplexes at 314 and 320 N Emerson Ave. The 210 and 214 N Miller St properties sit adjacent to one another, as do the two Emerson Ave buildings. Constructed between 1984 and 1988, the apartments include eight two-bedroom, one-bath units measuring approximately 1,000 to 1,200 square feet and six two-bedroom, 1.5-bath units of approximately 1,200 square feet. Total net rentable area is approximately 16,000 square feet, with 14 carport spaces. The portfolio is fully occupied and has a 5.98% in-place cap rate and 9.75 GRM.
The properties are centrally located in Wenatchee, with access to regional employment centers, schools, retail amenities and outdoor recreation. The sale is being conducted by a court-appointed receiver and requires court approval.
The properties are centrally located in Wenatchee, with access to regional employment centers, schools, retail amenities and outdoor recreation. The sale is being conducted by a court-appointed receiver and requires court approval.
Key Highlights
- 14 apartments across five parcels: three duplexes and two fourplexes
- Eight 2‑bedroom/1‑bath units of approximately 1,000 to 1,200 SF
- Six 2‑bedroom/1.5‑bath units of approximately 1,200 SF
Property Analytics
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Lease Details
14
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
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Business Placement
Demographics for 98801, WA
44,970
Population
18,034
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
85%
High-School Grad
153.6 sq mi
ZIP Area
293
Density / Sq Mi
$74,768
Median Household Income
$41,216
Median Earnings
$1,200
Median Rent
$429,700
Median Home Value
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five separate parcels contain a fully occupied collection of two-bedroom apartments with carport parking.
Where is this apartment building located?
The property is located at 120 N Miller St Wenatchee, WA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 14 apartments across five parcels: three duplexes and two fourplexes; Eight 2‑bedroom/1‑bath units of approximately 1,000 to 1,200 SF; Six 2‑bedroom/1.5‑bath units of approximately 1,200 SF
