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    504 S Alder St Moses Lake, WA 98837

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    For Sale
    $849,999

    Two newly built duplexes with an 8-year tax exemption.

    Property size:
    3,870 SF
    Lot size:
    0.19 Acres

    Property Features for 504 S Alder St

    General Information

    Size
    3,870 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    2024

    Source: Keller Williams Realty Spokane Agent Northwest Multiple Listing Service

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Duplexes in Moses Lake

    This property presents a prime investment opportunity with two newly built duplexes constructed in 2024, located in central Moses Lake. The property benefits from an 8-year tax exemption. Each identical unit features 3 bedrooms and 1 bathroom, designed for comfort, efficiency, and long-term durability. Interior features include concrete floors, 9-foot ceilings, stainless steel appliances, and in-unit washer and dryer. Each unit is equipped with central heating and air conditioning, and utilities are individually metered. The property provides two parking spaces per unit, large secure mailboxes, and drought-tolerant landscaping with an irrigation system. The location is minutes from the police department, Surf 'n Slide Water Park, shops, and dining. Three of the four units are currently leased, with one unit available, making it ideal for an owner-occupant looking to live on-site while generating rental income. The total property size is 3870 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.107638
    Latitude
    47.049901

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    FAQs

    What type of property is this?
    Duplex - Two newly built duplexes with an 8-year tax exemption.
    Where is this duplex located?
    The property is located at 504 S Alder St Moses Lake, WA.
    What is the asking price?
    The asking price for this property is $849,999.
    What are key features of this property?
    This property features: - Two newly built (2024) duplexes offering a prime investment opportunity.; - Enjoy significantly reduced ownership costs with an 8-year tax exemption.; - Three of four units are currently leased, providing immediate rental income.
    Request Owner's contact information
    504 S Alder St Moses Lake, WA 98837
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    504 S Alder St Moses Lake, WA 98837
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