1029 S Division Street, Moses Lake, WA 98837

Local realty services provided by:Knipe Realty ERA Powered
Listed by: erich bubbel
Office: compass
MLS#:2480951
Source:NWMLS
1029 S Division Street,Moses Lake, WA 98837
$1,250,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,250,000

About this home

1029 South Division St, a renovated 10-unit apartment property in the heart of Moses Lake offered at $1,250,000. The building features desirable tenant amenities like coin-operated laundry and upgraded major systems including copper plumbing and updated electrical, supporting long-term reliability. With 9 of 10 units upgraded and additional upside remaining through completion of the final unit, investors can capture further rent growth while benefiting from strong in-place performance (5.78% current cap vs. 6.41% market cap) and attractive income metrics (10.81 current GRM vs. 8.94 market GRM). Ideally located just 0.3 miles from the Moses Lake waterfront and McCosh Park, the property is positioned to benefit from local momentum, including expansion tied to the region’s growing battery manufacturing district.

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Home facts

  • Year built:1954
  • Listing ID #:2480951
  • Updated:February 16, 2026 at 10:00 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1954
  • Lot area:0.04 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,250,000
  • Tax amount:$3,796 (2025)
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