Renovated Apartment Property in Moses
For Sale
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1029 S Division St, Moses Lake, WA 98837
Renovated 10-unit apartment property near Moses Lake waterfront.
Property SizeContact for details
Days on Market186
Property Features for 1029 S Division St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$72,188
Building Details
Year Built
1954
Buildings
2
Stories
1
Units
10
Listing Agency:
COMPASS Real Estate
(206) 399-3285
Listed By:
Erich Bubbel · License #WA 117941
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 8 at 6:26AM
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 Real Estate
Investment Insights
Based on property information with market context.
The renovated 10-unit apartment property is located in Moses Lake. The building includes coin-operated laundry. Upgraded major systems include copper plumbing and updated electrical. Nine of the ten units have been upgraded, with potential for further rent growth through completion of the final unit. The property is located 0.3 miles from the Moses Lake waterfront and McCosh Park. The location is expected to benefit from expansion tied to the region’s growing battery manufacturing district. The property is intended for use as an apartment building, multifamily property, and residential income property.
Key Highlights
- Renovated 10‑unit apartment property.
- Upside potential through completion of the final unit renovation, forecasted at +7.37% rent growth.
- Strong in‑place performance with a 5.78% current cap rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 98837, WA
46,262
Population
18,651
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
87%
High-School Grad
486.2 sq mi
ZIP Area
95
Density / Sq Mi
$70,732
Median Household Income
$44,214
Median Earnings
$1,128
Median Rent
$290,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 10-unit apartment property near Moses Lake waterfront.
Where is this apartment building located?
The property is located at 1029 S Division St 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 property.; Upside potential through completion of the final unit renovation, forecasted at +7.37% rent growth.; Strong in‑place performance with a 5.78% current cap rate.
