$ 1,250,000
-
$1,250,000
Price -
11
Bed -
10
Bath -
4,350
SqFt
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About the Listing 4704 - 107969
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.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
2480951
Year Built
1954
Total Square Footage
4,350
Lot/Acreage
0.04
Interior Details
- Bedrooms: 11
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Ceramic Tile,See Remarks,Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Paved,Sidewalk,Zoning: Multi-Family
- Garage Capacity: N/A
- Zoning: Multi-Family
- Roof: Flat
- Others: Brick,Cement/Concrete,Wood Products,Good
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $3,796
- Taxes w/Assessments: N/A
- Tax/Property ID: 110228000
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
1029 S Division St Moses Lake, WA 98837
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