Renovated 10-Unit Apartment
For Sale
$1,120,000
1029 South Division Street, Moses Lake, WA 98837
Renovated 10-unit multifamily with coin-operated laundry and upgraded plumbing and electrical for dependable day-to-day operations.
Property Size435 SF
Price / SF$2,574
Days on Market244
Property Features for 1029 South Division Street
General Information
Standard status
Active
Size
435 SF
Property subtype
Residential Income
Net Operating Income
$72,188
Additional Details
Cap Rate
6.41%
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$3,796
Amenities
0, 0, 0, 0
No
No, None
Yes, Forced Air
Coin Op Laundry
Ceramic Tile, See Remarks, Vinyl Plank
Flat
Brick, Cement/Concrete, Wood Products
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Compass
(206) 399-3285
Listed By:
Erich Bubbel · License #117941
(206) 399-3285
Source:
Compass
Added: Dec 23, 2025
Changed: Aug 23
Last Checked: Aug 24 at 12:18PM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
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 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 South Division Street 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
