Established 25-Unit Apartment
For Sale
$3,990,000
4727 Owens Road NE, Moses Lake, WA 98837
For sale apartment building established with 25 units.
Property Size25,000 SF
Days on Market122
Property Features for 4727 Owens Road NE
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
25
Building Details
Building Size
25,000 SF
Year Built
1990
Listing Agency:
Black Commercial, Inc.
Listed By:
James Black III, CCIM
(509) 842-4142
Source:
Naiblack
Added: Jun 29
Changed: Oct 25
Last Checked: Oct 26 at 1:21PM
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 Black Commercial, Inc.
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.
This for-sale apartment building is established with 25 units, offering a residential income configuration within a multifamily property type.
The property is located at 4724 Owens Road NE in Moses Lake, Washington.
The offering is presented as an established, 25-unit residential income asset.
The property is located at 4724 Owens Road NE in Moses Lake, Washington.
The offering is presented as an established, 25-unit residential income asset.
Key Highlights
- Apartment building built in 1990
- Established 25‑unit apartment building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,266
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,205,320
$4.2M
Cap Rate 7%
$3,003,800
$3.0M
Cap Rate 9%
$2,336,289
$2.3M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$402.0K $16.08/SF
− Vacancy
−$19.7K −$0.79/SF
EGI
$382.3K $15.29/SF
− OpEx
−$172.0K −$6.88/SF
NOI
$210.3K $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%
$4,205,320
Cap Rate 7%
$3,003,800
Cap Rate 9%
$2,336,289
Alternative Uses
Best Use
Apartment 5plus
$3.00M
$2.63M – $3.50M
NOI $210,266 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.43M
$4.75M – $6.34M
NOI $380,160 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
88
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?
Apartment building - For sale apartment building established with 25 units.
Where is this apartment building located?
The property is located at 4727 Owens Road NE Moses Lake, WA.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Apartment building built in 1990; Established 25‑unit apartment building
