Two-Duplex Residential
For Sale
$849,000
329 Gibby, Moses Lake, WA 98837
Four rental units across two parcels carry R3 multifamily and commercial zoning.
Property Size2,976 SF
Price / SF$285.28
Days on Market152
Property Features for 329 Gibby
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Multi-family
Zoning
R3 Multifamily and Commercial
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1954
Buildings
2
Listing Agency:
Moses Lake Realty Group
Listed By:
Anna Van Diest
(509) 764-0222
Source:
Skylineproperties
Added: May 30
Changed: Oct 27
Last Checked: Oct 26 at 4:28PM
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 Moses Lake Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property consists of two duplexes with four rental units on two parcels. Built in 1954, the buildings have a combined reported area of 2,976 square feet. Improvements include updated electrical, plumbing and HVAC systems, along with interior upgrades.
The property is in Moses Lake, with access to Broadway, I-90, shopping, dining and services. The parcels are identified with R3 multifamily and commercial zoning.
The property is in Moses Lake, with access to Broadway, I-90, shopping, dining and services. The parcels are identified with R3 multifamily and commercial zoning.
Key Highlights
- Two duplexes provide four rental units across two parcels
- Combined property size: 2,976 square feet
- R3 multifamily and commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,057
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,140
$521.1K
Cap Rate 7%
$372,243
$372.2K
Cap Rate 9%
$289,522
$289.5K
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$40.7K $13.67/SF
− Vacancy
−$3.5K −$1.16/SF
EGI
$37.2K $12.51/SF
− OpEx
−$11.2K −$3.75/SF
NOI
$26.1K $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%
$521,140
Cap Rate 7%
$372,243
Cap Rate 9%
$289,522
Alternative Uses
Best Use
Multifamily LT 5
$372.2K
$325.7K – $434.3K
NOI $26,057 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$646.5K
$565.7K – $754.2K
NOI $45,254 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
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 - Four rental units across two parcels carry R3 multifamily and commercial zoning.
Where is this duplex located?
The property is located at 329 Gibby Moses Lake, WA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two duplexes provide four rental units across two parcels; Combined property size: 2,976 square feet; R3 multifamily and commercial zoning
