Duplex with Bonus
For Sale
$315,000
1143 Cascade Ave 1141, Moses Lake, WA 98837
Two-bedroom units include flexible bonus rooms, kitchen appliances, and on-site parking.
Property Size1,702 SF
Price / SF$185.08
Days on Market116
Property Features for 1143 Cascade Ave 1141
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:
Nwwashingtonhomesforsale
Added: Jun 26
Changed: Oct 1
Last Checked: Oct 19 at 7:28AM
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
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Investment Insights
Based on property information with market context.
This duplex, built in 1976, includes two residential units with a two-bedroom, one-bath layout in each. Both units also feature a bonus room that can serve as a third bedroom or office, adding flexibility beyond the primary bedroom configuration. Kitchen appliances are included, and parking is available on the property.
The property is located at 1143 Cascade Ave 1141 in Moses Lake, Washington. Its 1,702 property-size measurement and two-unit configuration provide a compact residential income asset with defined layouts and adaptable additional space.
The property is located at 1143 Cascade Ave 1141 in Moses Lake, Washington. Its 1,702 property-size measurement and two-unit configuration provide a compact residential income asset with defined layouts and adaptable additional space.
Key Highlights
- Two‑unit duplex at 1143 Cascade Ave 1141, Moses Lake, WA 98837
- Each unit includes 2 bedrooms and 1 bath
- Bonus room in each unit can function as a 3rd bedroom or office
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.
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units include flexible bonus rooms, kitchen appliances, and on-site parking.
Where is this duplex located?
The property is located at 1143 Cascade Ave 1141 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 1143 Cascade Ave 1141, Moses Lake, WA 98837; Each unit includes 2 bedrooms and 1 bath; Bonus room in each unit can function as a 3rd bedroom or office
