1029 S Division Street, Moses Lake, WA 98837

Moses Lake
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: erich bubbel
Office: compass
MLS#:2480951
Source:NWMLS
1029 S Division Street,Moses Lake, WA 98837
$1,120,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,120,000

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:June 07, 2026 at 11:06 AM

Rooms and interior

  • Flooring:Ceramic Tile Floor, Vinyl Plank

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1954
  • Lot area:0.04 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish, Cement/Concrete Exterior Finish, Wood Products Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,120,000
  • Tax amount:$3,796 (2025)

Parking

  • Total parking spaces:21
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