This listing courtesy of Jaden Barrie , Moses Lake Realty Group
$549,995

206 208 Beale Avenue, Moses Lake, WA 98837

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon0.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

206 / 208 Beale Ave — Moses Lake Infill Investment Opportunity: stabilized duplex with fully approved plans for two ADUs to create a 4-unit asset in a designated Opportunity Zone. Offered at $549,995, this low-basis play delivers immediate cash flow (current rents $1,275 & $1,350; MTM leases) and significant upside with installing ADUs— pro-forma gross rents of $61,200–$73,800 (˜94% rent lift after ADU build). Both existing units fully renovated (interiors 2021 & 2024; new paint, fence & roof 2024). Short plat recorded Q1-2026 subdivides the duplex down the middle, enabling separate parcel financing or resale. Tenants pay W/S/G & electricity (NNN-style); Low regular expenses. ADU construction budget range $302k–$505k (additional savings if both units are built concurrently); pro-forma NOI $49k–$57.5k with cap rate range 6.25%–7.75%. Purchase via Qualified Opportunity Fund may offer OZ tax benefits for eligible buyers (consult tax counsel). Flexible ownership options: hold & capture OZ benefits, refinance, or sell subdivided parcels. Located in Grant County's only Opportunity Zone, get your foot into the area with this investment opportunity + plans for growth Zoned as R3. Make the most of the space available + be a contributor to affordable housing in the area. Located in close proximity to Highway 17, the Community College, Medical Services, + just a short drive to town. Request the Financial projections/estimates from Listing Broker for more detailed proposal information!

Listing Status:
Active
Data Last Updated:
April 4, 2026 at 9:19PM
Listing Office:
Moses Lake Realty Group : 509-764-0222
Listing Agent:
Jaden Barrie : 509-764-0222
MLS ID:
2501433
  • Flooring: Vinyl Plank
  • A/C: Wall Unit(s)
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • General: Wood Products
  • Parking: Parking spaces: 10
  • Roofing: Composition
  • General: 62 - Business Opp.Poured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • County: Grant
  • Zoning: 310182000
  • Water: Community
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Jaden Barrie , Moses Lake Realty Group

Monthly Payment

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

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Location

Schools Nearby

L

Larson Heights Elementary School

700 Lindberg Ln, Moses Lake, WA, 98837

Grades KG-5

0.29 miles away

E

Endeavor Middle School

6527 Patton Blvd NE, Moses Lake, WA, 98837

Grades 6-8

1.40 miles away

S

Skill Source Reingagement Program

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

Grades 9-12

3.22 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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