$1,250,000

0 Beds 0 Baths 0 SQFT 0.04 Acres

Type: Multi-Family

1029 S Division Street
Moses Lake, WA 98837

MLS#: 2480951

Presented by: COMPASS and NWMLS

Property Description

1029 South Division St, a renovated 10-unit apartment property in the heart of Moses Lake offered at $1,250,000. The building features desirable tenant amenities like coin-operated laundry and upgraded major systems including copper plumbing and updated electrical, supporting long-term reliability. With 9 of 10 units upgraded and additional upside remaining through completion of the final unit, investors can capture further rent growth while benefiting from strong in-place performance (5.78% current cap vs. 6.41% market cap) and attractive income metrics (10.81 current GRM vs. 8.94 market GRM). Ideally located just 0.3 miles from the Moses Lake waterfront and McCosh Park, the property is positioned to benefit from local momentum, including expansion tied to the region’s growing battery manufacturing district.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringCeramic Tile, See Remarks, Vinyl Plank

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories1

General

AmenitiesCoin Op Laundry

Building Area Units0 sqft

Cap Rate5.78

Carport Spaces0

Carport Y/NNo

CityMoses Lake

CoolingNone

CountyGrant

DirectionsGPS

Electric Expense0

Fuel Expense0

Garage Spaces0

HOANo

HOA Fee$0

HeatingForced Air

High School DistrictMoses Lake

Insurance Expense3232

Leasable Area5,400 sqft

Listing TermsCash, Conventional

Living Area0 sqft

Lot Size Square Feet1,551 sqft

Lot Size UnitsSquare Feet

MLS Area295 - South Moses Lake

NWM_ShowMapLinkY

Net Operating Income72188

New ConstructionNo

Number Of Units Total10

PossessionClosing

Possible UseMulti-Family

Property ConditionGood

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public Remarks1029 South Division St, a renovated 10-unit apartment property in the heart of Moses Lake offered at $1, 250, 000. The building features desirable tenant amenities like coin-operated laundry and upgrade

RoofFlat

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameMoses Lake

Tax Annual Amount$3,796

Tax Year2025

Units Below Gradefalse

Units In Building Total10

Water Sewer Garbage14390

Year Built1954

Zoning DescriptionMulti-Family

Exterior

Building Area Total0 sqft

Covered Spaces0

Exterior AmenitiesBrick, Cement/Concrete, Wood Products

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesPaved, Sidewalk

Lot Size Acres0.0356

Parking Uncovered Total21

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School N/A

Middle School N/A

High School N/A

Similar Properties

$1,250,000

0 Beds 0 Baths 0 SQFT 0.04 Acres

Type: Multi-Family

1029 S Division Street
Moses Lake, WA 98837

MLS#: 2480951

Email Address (Must be valid)

My information will be handled in accordance with Premiere Property Group, LLC's Privacy Policy and Premiere Property Group, LLC's Terms and Conditions.

Give yourself a better position in the competitive home buying market. Complete the form to get started on your journey to purchase your dream home. Our lending partner has a wide variety of lending options available and advanced mortgage technology. As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.

First Name

Last Name

Phone

Preferred Contact Method

None

Phone

How can we assist you?

Message

* I consent to receive text messages and phone calls

Property

$1,250,000

1029 S Division StreetMoses Lake, WA 98837

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,250,000

1029 S Division StreetMoses Lake, WA 98837

Login & Get Full Access

Personalize Your Home Search

Thank you for registering.

Ask A Question

Get Pre-Approved Now!

1029 S Division Street
Moses Lake, WA 98837

1029 S Division Street
Moses Lake, WA 98837