4278 Grape Drive Ne, Moses Lake, WA 98837
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: mason fiascone
Office: the paragon group
MLS#:2480179
Source:NWMLS
4278 Grape Drive Ne,Moses Lake, WA 98837
$3,800,000
- - Beds
- - Baths
- 17,075 sq. ft.
- Multi-family
- Active
Price summary
- Price:$3,800,000
- Price per sq. ft.:$222.55
About this home
Located on 4278 Grape Drive NE in Moses Lake, this multifamily asset offers a compelling opportunity for investors seeking scalable upside in a fundamentally strong Eastern Washington market. The property has already been expanded from 36 to 39 units, with preliminary discussions indicating the potential to add as many as six more units through new construction or adaptive reuse—subject to verification. This density upside, combined with light operational and physical improvements, makes the offering an ideal fit for buyers targeting value creation without heavy lift. The unit mix includes true studios with full kitchens and private bathrooms—an increasingly rare feature in markets where many comparable units are converted motel stock. This functional advantage drives tenant satisfaction, improved retention, and stronger rent performance over time. Further income potential lies in the addition of on-site laundry facilities, with existing hookups already in place, allowing for a quick and cost-effective amenity upgrade. Positioned on the desirable Grape Drive corridor, the property benefits from immediate access to schools, retail, and major employers in a city known for stable occupancy and limited multifamily development. As Moses Lake continues to attract investment in aerospace, agriculture, and manufacturing, this asset is poised to capture both short-term rental growth and long-term appreciation through smart repositioning and potential expansion.
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Home facts
- Year built:1954
- Listing ID #:2480179
- Updated:February 26, 2026 at 06:43 PM
Rooms and interior
- Living area:17,075 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition, Flat Roof
- Year built:1954
- Building area:17,075 sq. ft.
- Lot area:3.3 Acres
- Construction Materials:Cement/Concrete Exterior Finish
Schools
- High school:Moses Lake High
- Middle school:Chief Moses Mid
- Elementary school:Longview Elem
Utilities
- Water:Community
- Sewer:Available
Finances and disclosures
- Price:$3,800,000
- Price per sq. ft.:$222.55
- Tax amount:$14,321 (2025)
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