504 S Alder Street Moses Lake, WA 98837

Building Details

Year Built

2024

Listing office Richmond h***@kw.com Show Phone

Listing date Aug 8, 2025

Source Kw

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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 Street Moses Lake, WA.

What is the asking price?

The asking price for this property is $825,000.

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.