This listing courtesy of Erich Bubbel , COMPASS
$1,250,000

1029 S Division Street, Moses Lake, WA 98837

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1954
  • Property Lot Size Icon1,551sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 22 days ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
March 10, 2026 at 6:22PM
Listing Office:
COMPASS : 425-637-7777
Listing Agent:
Erich Bubbel : 425-637-7777
MLS ID:
2480951
  • Flooring: Ceramic TileSee RemarksVinyl Plank
  • A/C: None
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0
  • General: BrickCement/ConcreteWood Products
  • Parking: Parking spaces: 21
  • Roofing: Flat
  • General: 56 - 10+ UnitsPoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Moses Lake
  • County: Grant
  • Zoning: 110228000
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Erich Bubbel , COMPASS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Garden Heights Elementary School

707 E Nelson Rd, Moses Lake, WA, 98837

Grades KG-5

0.52 miles away

F

Frontier Middle School

517 W 3rd Ave, Moses Lake, WA, 98837

Grades 6-8

0.63 miles away

S

Skill Source Reingagement Program

309 E 5th Ave, Moses Lake, WA, 98837

Grades 9-12

0.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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