Multifamily Property with Bonus
For Sale
$315,000
1139 Cascade Ave 1137, Moses Lake, WA 98837
Each residence includes two bedrooms, one bathroom, and an adaptable bonus room for additional household or workspace needs.
Property Size1,702 SF
Price / SF$185.08
Days on Market111
Property Features for 1139 Cascade Ave 1137
General Information
Standard status
Active
Size
1,702 SF
Property subtype
Multi-Family
Building Details
Year Built
1976
Listing Agency:
Nest Realty Company
Listed By:
Arturo Vela · License #135981
(509) 350-4439
Source:
Seattlepropertysource
Added: Jun 26
Changed: Oct 1
Last Checked: Oct 12 at 7:47PM
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 Nest Realty Company
Investment Insights
Based on property information with market context.
This multifamily property at 1139 Cascade Ave 1137 in Moses Lake, Washington, was built in 1976 and measures 1,702 square feet. The residences are arranged with two bedrooms and one bathroom, while a separate bonus room adds flexibility for office, sleeping, or other household use. Kitchen appliances are included, and on-site parking is available.
The property is located in Moses Lake, WA 98837. Its combination of bedroom space, supplementary rooms, appliances, and parking provides a defined residential configuration for multifamily ownership or occupancy.
The property is located in Moses Lake, WA 98837. Its combination of bedroom space, supplementary rooms, appliances, and parking provides a defined residential configuration for multifamily ownership or occupancy.
Key Highlights
- Two bedrooms and one bathroom in each unit
- Bonus room in each unit can accommodate a third bedroom or office
- Kitchen appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,315
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,300
$286.3K
Cap Rate 7%
$204,500
$204.5K
Cap Rate 9%
$159,056
$159.1K
Market Conditions
NOI Build-Up for 1,702 SF
Gross rent
$27.4K $16.08/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$26.0K $15.29/SF
− OpEx
−$11.7K −$6.88/SF
NOI
$14.3K $8.41/SF
Area
Grant County, WA
Vacancy
4.90%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,300
Cap Rate 7%
$204,500
Cap Rate 9%
$159,056
Alternative Uses
Best Use
Apartment 5plus
$204.5K
$178.9K – $238.6K
NOI $14,315 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.7K
$323.5K – $431.4K
NOI $25,881 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
479
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?
Multifamily property - Each residence includes two bedrooms, one bathroom, and an adaptable bonus room for additional household or workspace needs.
Where is this multifamily property located?
The property is located at 1139 Cascade Ave 1137 Moses Lake, WA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom in each unit; Bonus room in each unit can accommodate a third bedroom or office; Kitchen appliances included
