Five-Unit Townhome Apartment
For Sale
$1,495,990
211 6TH, Moses Lake, WA 98837
Five two-story residences combine private garages, open living areas, and complete appliance packages.
Property Size5,850 SF
Price / SF$255.72
Days on Market10
Property Features for 211 6TH
General Information
Standard status
Active
Size
5,850 SF
Total Parking Spaces
5
Property subtype
Multi-family
Units
Unit Mix
3 x 2BR/2.5BA, 2 x 3BR/2.5BA
Multifamily Units
5
Amenities
covered rear patio
Building Details
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Tomlinson R&H
Listed By:
Tyson Mollotte · License #98514
(509) 766-0300
Source:
Century21northhomes
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 20 at 7:58PM
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 Coldwell Banker Tomlinson R&H
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Investment Insights
Based on property information with market context.
Completed in 2026, this five-unit apartment property contains 5,850 square feet across two-story townhomes. Three residences offer two bedrooms and 2.5 baths in approximately 1,062 square feet each; the other two have three bedrooms and 2.5 baths in approximately 1,332 square feet each. Each home includes an attached finished one-car garage, an open kitchen and living area, a main-level powder room, and a full appliance package. Interior features include shaker-style cabinetry, quartz-look counters, vinyl plank flooring downstairs, carpeted bedrooms, and recessed lighting. Heat pump HVAC and heat pump water heaters serve the units. The larger floor plan includes a primary suite with a walk-in shower and closet, plus a covered rear patio.
The property has an eight-year city tax exemption certificate under which the tax bill is limited to 10% for the first eight years. It is not subject to rent control. The address is 211 6TH in Moses Lake, with town services nearby.
The property has an eight-year city tax exemption certificate under which the tax bill is limited to 10% for the first eight years. It is not subject to rent control. The address is 211 6TH in Moses Lake, with town services nearby.
Key Highlights
- Five townhome units totaling 5,850 square feet; built in 2026
- Three two‑bedroom, 2.5‑bath units at approximately 1,062 square feet each
- Two three‑bedroom, 2.5‑bath units at approximately 1,332 square feet each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,202
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,040
$984.0K
Cap Rate 7%
$702,886
$702.9K
Cap Rate 9%
$546,689
$546.7K
Market Conditions
NOI Build-Up for 5,850 SF
Gross rent
$94.1K $16.08/SF
− Vacancy
−$4.6K −$0.79/SF
EGI
$89.5K $15.29/SF
− OpEx
−$40.3K −$6.88/SF
NOI
$49.2K $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%
$984,040
Cap Rate 7%
$702,886
Cap Rate 9%
$546,689
Alternative Uses
Best Use
Apartment 5plus
$702.9K
$615.0K – $820.0K
NOI $49,202 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,957 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,252
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
Frequently Asked Questions
What type of property is this?
Apartment building - Five two-story residences combine private garages, open living areas, and complete appliance packages.
Where is this apartment building located?
The property is located at 211 6TH Moses Lake, WA.
What is the asking price?
The asking price for this property is $1,495,990.
What are key features of this property?
This property features: Five townhome units totaling 5,850 square feet; built in 2026; Three two‑bedroom, 2.5‑bath units at approximately 1,062 square feet each; Two three‑bedroom, 2.5‑bath units at approximately 1,332 square feet each
