3-Unit
For Sale
$799,950
129 W Whitman St, Leavenworth, WA 98826
Three distinct apartment layouts include in-unit kitchen appliances and shared laundry facilities.
Property Size3,280 SF
Price / SF$243.89
Days on Market35
Property Features for 129 W Whitman St
General Information
Standard status
Active
Size
3,280 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,058
Amenities
shared washer and dryer
Building Details
Buildings
1
Listing Agency:
eXp Realty
(888) 317-5197
Listed By:
Marv Nicholson
(206) 227-6278
Source:
Exprealty
Added: Sep 23
Changed: Oct 25
Last Checked: Oct 26 at 10:21PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This Leavenworth triplex contains approximately 3,280 square feet across three residences: a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Each apartment has a range/oven, refrigerator, and dishwasher; a shared washer and dryer serve the property. Improvements include a composition roof, electric baseboard and forced-air heating, and laminate and vinyl-plank floors.
Downtown Leavenworth shops, restaurants, tasting rooms, and event venues are about a five-minute walk away. Stevens Pass is approximately 35 miles distant, while Wenatchee is about 22 miles away.
Downtown Leavenworth shops, restaurants, tasting rooms, and event venues are about a five-minute walk away. Stevens Pass is approximately 35 miles distant, while Wenatchee is about 22 miles away.
Key Highlights
- Approximately 3,280 square feet in a three‑unit configuration
- Unit mix: 3‑bedroom, 2‑bath; 2‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath
- Range/oven, refrigerator, and dishwasher in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,552
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,040
$771.0K
Cap Rate 7%
$550,743
$550.7K
Cap Rate 9%
$428,356
$428.4K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$57.1K $17.40/SF
− Vacancy
−$2.0K −$0.61/SF
EGI
$55.1K $16.79/SF
− OpEx
−$16.5K −$5.04/SF
NOI
$38.6K $11.75/SF
Area
Chelan County, WA
Vacancy
3.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,040
Cap Rate 7%
$550,743
Cap Rate 9%
$428,356
Alternative Uses
Best Use
Multifamily LT 5
$550.7K
$481.9K – $642.5K
NOI $38,552 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,548 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$860.3K
$752.8K – $1.00M
NOI $60,221 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
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Business Placement
Demographics for 98826, WA
7,280
Population
5,868
Households
1.2
Avg Household Size
49
Median Age
44%
College-Educated
95%
High-School Grad
1,015.6 sq mi
ZIP Area
7
Density / Sq Mi
$85,594
Median Household Income
$46,935
Median Earnings
$1,122
Median Rent
$639,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct apartment layouts include in-unit kitchen appliances and shared laundry facilities.
Where is this triplex located?
The property is located at 129 W Whitman St Leavenworth, WA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: Approximately 3,280 square feet in a three‑unit configuration; Unit mix: 3‑bedroom, 2‑bath; 2‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath; Range/oven, refrigerator, and dishwasher in each apartment
