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    Renovated 10-Unit Apartment Building Title is generated by Realmo AI

    1029 Division, Moses Lake, WA 98837

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    For Sale
    $1,120,000

    Renovated 10-unit multifamily with coin-operated laundry and upgraded plumbing and electrical for dependable day-to-day operations.

    Type:Multi-family
    Added:
    Feb 3, 2026
    Days on Market:
    130
    Last Refresh:
    Jun 5 at 2:43 am

    Property Features for 1029 Division

    General Information

    Standard status
    Active
    Property subtype
    Multi-family

    Building Details

    Year Built
    1954

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    Listing Contact
    Erich Bubbel

    Listing agent Erich Bubbel

    Listing office COMPASS

    Listing date Feb 3, 2026

    Source Century21northhomes

    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 COMPASS

    HighLights

    • Renovated 10‑unit apartment building built in 1954 at 1029 S Division St
    • 9 of 10 units are upgraded, with remaining upside through completion of the final unit
    • Coin‑operated laundry on‑site
    • Upgraded major systems including copper plumbing and updated electrical
    • 0.3 miles to the Moses Lake waterfront and McCosh Park
    • Current cap rate 5.78% (market cap 6.41%) and current GRM 10.81 (market GRM 8.94)

    Overview

    This renovated 10-unit apartment property is configured as a small residential income building designed for straightforward operation. The offering includes tenant-friendly coin-operated laundry and upgraded major building systems, including copper plumbing and updated electrical. Nine of the 10 units are noted as upgraded, with additional work remaining to complete the final unit.

    Located at 1029 South Division St in Moses Lake, the property is described as being in the heart of the city. It is approximately 0.3 miles from the Moses Lake waterfront and McCosh Park, placing it within a short distance of local recreational amenities.

    For investors or owner-operators seeking a manageable scale multifamily, this asset offers a renovated foundation plus in-building laundry and upgraded utilities intended to support long-term reliability. The staged unit upgrade approach may also appeal to buyers looking to standardize interior finishes across the remaining unit while maintaining an active, income-producing property. The combination of renovation, updated systems, and practical resident amenities supports a tenant-ready operation from day one.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

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    • Local Demand
    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.2739567
    Latitude
    47.1204842

    FAQs

    What type of property is this?
    Apartment building - Renovated 10-unit multifamily with coin-operated laundry and upgraded plumbing and electrical for dependable day-to-day operations.
    Where is this apartment building located?
    The property is located at 1029 Division Moses Lake, WA.
    What is the asking price?
    The asking price for this property is $1,120,000.
    What are key features of this property?
    This property features: Renovated 10‑unit apartment building built in 1954 at 1029 S Division St; 9 of 10 units are upgraded, with remaining upside through completion of the final unit; Coin‑operated laundry on‑site
    More about this property
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