Duplex with Bonus
For Sale
$315,000
1141 1143 Cascade Ave, Moses Lake, WA 98837
Two residential units include flexible bonus areas, kitchen appliances, and on-site parking.
Property Size1,702 SF
Price / SF$185.08
Days on Market61
Property Features for 1141 1143 Cascade Ave
General Information
Standard status
Active
Size
1,702 SF
Property subtype
Multi-Family
Building Details
Year Built
1976
Listed By:
Nick McLean Real Estate Group
(509) 670-5532
Source:
Nickmcleanrealestate
Added: Aug 15
Changed: Sep 14
Last Checked: Oct 12 at 8:19PM
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 Nick McLean Real Estate Group
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,702-square-foot property built in 1976. Each unit offers two bedrooms, one bathroom, and an additional bonus room that can support office or sleeping use. Kitchen appliances are included, and parking is available on the property.
The property is located at 1141–1143 Cascade Ave in Moses Lake, Washington. Its two-unit configuration and flexible room layouts provide a straightforward residential income property format with functional features already in place.
The property is located at 1141–1143 Cascade Ave in Moses Lake, Washington. Its two-unit configuration and flexible room layouts provide a straightforward residential income property format with functional features already in place.
Key Highlights
- Two‑unit duplex at 1141–1143 Cascade Ave, Moses Lake, WA 98837
- 1,702 square feet; constructed in 1976
- Each unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,902
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,040
$298.0K
Cap Rate 7%
$212,886
$212.9K
Cap Rate 9%
$165,578
$165.6K
Market Conditions
NOI Build-Up for 1,702 SF
Gross rent
$23.3K $13.67/SF
− Vacancy
−$2.0K −$1.16/SF
EGI
$21.3K $12.51/SF
− OpEx
−$6.4K −$3.75/SF
NOI
$14.9K $8.76/SF
Area
Grant County, WA
Vacancy
8.50%
Lease Rate
$13.67 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,040
Cap Rate 7%
$212,886
Cap Rate 9%
$165,578
Alternative Uses
Best Use
Multifamily LT 5
$212.9K
$186.3K – $248.4K
NOI $14,902 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$204.5K
$178.9K – $238.6K
NOI $14,315 @ 7.0% cap · market cap 4.54%
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include flexible bonus areas, kitchen appliances, and on-site parking.
Where is this duplex located?
The property is located at 1141 1143 Cascade Ave 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‑unit duplex at 1141–1143 Cascade Ave, Moses Lake, WA 98837; 1,702 square feet; constructed in 1976; Each unit has 2 bedrooms and 1 bathroom
