$1,275,000
Est. $7,062/mo3,956 sq ft
225 W Highland Avenue, Chelan, WA 98816
• Listed Aug 3, 2026•17 days active · 17 cumulative
Listing Broker: Nick McLean Real Estate Group; Trevor King; 509-699-1169; trevor@nickmclean.com
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Listing Broker: Nick McLean Real Estate Group; Trevor King; 509-699-1169; trevor@nickmclean.com
About this home
Rare opportunity to own a well maintained triplex in the heart of Lake Chelan, offering an exceptional investment opportunity or the flexibility to live in one unit while generating income from the other two. Ideally located just blocks from the crystal clear waters of Lake Chelan and the vibrant downtown district, this property provides easy access to boutique shopping, restaurants, tasting rooms, parks, and year round community events. Each of the three spacious units features 3 bedrooms, 1.5 bathrooms, and convenient laundry hookups, making them highly desirable for long term tenants. Residents and visitors alike will appreciate being just minutes from world renowned wineries and vineyards, championship golf, boat launches and marinas, hiking and biking trails, fishing, water sports, skiing at Echo Valley, and countless outdoor recreation opportunities that make the Lake Chelan Valley one of Washington's premier destinations. Whether you are looking to expand your investment portfolio, generate strong rental income, or offset your mortgage by occupying one unit while leasing the others, this is a versatile property in an unbeatable location.
Listed by Trevor King • Nick McLean Real Estate Group
Listing updated: September 22, 2026 at 06:37pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2564062
Around this home
Sun and shade
See where the sun and shade fall on this lot. Pick a day and drag the time.
Sunrise 7:15 AM · Sunset 6:15 PM Pacific
Shadows come from terrain and mapped buildings. Trees are not shown, so a yard under big trees can be shadier than this map. Sun map by ShadeMap.
How much should you offer?
225 W Highland Avenue, Chelan, WA 98816
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Tri-plex
Flooring
- Ceramic Tile
- Laminate
- Vinyl
- Vinyl Plank
Heating & cooling
- Baseboard heating
- Window Unit(s) cooling
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 3
- Units below grade
- false
- Building square feet
- 3,956 sq ft
Income & expenses
- Total monthly income
- $6,300
- Total expenses
- $15,257
- Insurance
- $4,200
- Water / sewer / garbage paid by
- 7560
Parking & storage
- Parking spaces
- 7
- Uncovered parking
- 7
Taxes & assessment
- Annual taxes
- $3,497
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Schools
Ratings via SchoolDiggerLake Chelan School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Mortgage payment forecast
$7,672 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Nick McLean Real Estate Group; Trevor King; 509-699-1169; trevor@nickmclean.com
Market pulse
Chelan is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Sellers are often willing to negotiate on price and terms.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 109 days.
Recent sales nearby
Within 1 mile · last 6 months$510,000 Sold
3 days ago
4 bd•1.75 ba•~2,000 sq ft•Single Family
229 W Allen Avenue, Chelan, WA 98816
0%
Over list
153
Days on market
0.2 mi
Distance
$140,000 Sold
3 weeks ago
•Single Family
919 E Johnson(Lot 11) Avenue, Chelan, WA 98816
12%
Under list
231
Days on market
0.9 mi
Distance
$475,000 Sold
4 weeks ago
3 bd•1.75 ba•~1,197 sq ft•Single Family
233 E Gibson, Chelan, WA 98816
0%
Over list
126
Days on market
0.3 mi
Distance
$85,000 Sold
5 weeks ago
•2.25 ba•Single Family
1350 W Woodin Avenue #EDE1, Chelan, WA 98816
9%
Under list
149
Days on market
1.0 mi
Distance
$785,000 Sold
5 weeks ago
2 bd•1.75 ba•~1,092 sq ft•Single Family
481 Mackinaw Lane, Chelan, WA 98816
2%
Under list
183
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 22, 2026 at 06:37pm (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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