129 W Whitman, Leavenworth, WA 98826

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Listing Broker: eXp Realty; Marv Nicholson; 206-227-6278; marv.nicholson@exprealty.com

List Price
$799,950
Status
ACTIVE
MLS#
2586318
Price Change
▼ $50,050 1791879822
Days on Market
0
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
3,280
Area Total SqFt
3280
Annual Tax Ammount
3058
Lot Size (sq ft)
9,148
Sewer
Sewer Connected

Property Description

Rare in-town multifamily opportunity in the heart of Leavenworth, just a five-minute walk from downtown shops, restaurants, tasting rooms, festivals, and the city’s famous Bavarian Village. This established triplex offers approximately 3,280 square feet with a versatile unit mix: a spacious 3-bedroom, 2-bath residence; a 2-bedroom, 1-bath residence; and a 1-bedroom, 1-bath residence. Each unit includes a range/oven, refrigerator, and dishwasher, with a shared washer and dryer serving the property. Additional features include a composition roof, electric baseboard and forced-air heating, and durable laminate and vinyl-plank flooring. Leavenworth is a year-round destination surrounded by the Cascade Mountains, with nearby access to the Wenatchee River, Icicle Creek, hiking, biking, rafting, skiing, golf, wineries, live entertainment, seasonal celebrations, and outdoor recreation. Approximately 35 miles from Stevens Pass and 22 miles from Wenatchee, the location connects mountain recreation with regional services and travel. The three separate living spaces provide flexibility for rental use, owner occupancy with additional income, staff housing, or multigenerational living. Multifamily properties within easy walking distance of downtown Leavenworth are seldom available, making this a distinctive opportunity to own a versatile property in one of Washington’s most recognizable mountain communities.

Additional Information

List Date
2026-10-13 07:10:13
Community
Leavenworth
Net Operating Income
$49,968
Gross Adjusted Income
$62,210
Gross Scheduled Income
$63,480
Total Monthly Income
$5,290
Insurance Expenses
$835
Water/Sewer/Garbage Expenses
$4,373
Gross Rent Multiplier
13.39
Total Expenses
$11,635
Cap Rate
5.88
Vacancy Rate
2
Total Number of Units
3
Unit Name
129
Potential Terms
Cash, Conventional, FHA
Year Built
1908
View
Mountains, Partial, Pond, Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet
Electric Expenses
3369
Energy Source
Electric
School District
Cascade
Elementary School
Alpine Lakes Elementary
Middle School
Icicle River Mid
High School
Cascade High
Total Monthly Income
$5,290
Gross Scheduled Income
$63,480
Vacancy Rate
2
Gross Adjusted Income
$62,210
Tax Year
2025
Insurance Expense
$835
W/S/G Expenses
$4,373
Total Expenses
$11,635
Net Operating Income
$49,968
Gross Rent Multiplier
13.39
Cap Rate
5.88
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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