1006 W 3rd Ave
Moses Lake WA 98837
1006 W 3rd Avenue
1006 W 3rd Ave Moses Lake WA 98837
Listing #: 707213 | Status: Available | Last Modified: 4/10/2026 |
For Sale
- Phone:(509) 410-1990
- Email:mason@multifamilymason.com
- Office Name:The Paragon Group
- Office Phone:(509) 943-0400
- Office Website:www.paragongroupwa.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,600,000.0
- $/SF$ 156.4
- $/Unit$ 2,600,000.0
- Listing StatusAvailable
- Days on Market96
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income266,429
- Vacancy Factor %0.00%
- Operating Expenses167,307
- Net Operating Income99,122
- CAP Rate 3.81 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 3.81 %
- Building StatusExisting
- # of Buildings2
- # of Floors1
- # of Units45
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF16620
- Net Rentable Area16620
- Total Office SF
- Largest Contiguous SF
- Lot SF53143
- Acres1.22
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyGrant
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaGrant County
- Tax ID #101305000
- Additional Parcels
- ZoningGeneral Commercial
- Year Built1955
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Studio City Apartments
Studio City Apartments offers investors an accessible entry point into the stable and increasingly competitive Moses Lake multifamily market. With its mix of compact units and simple layouts, the property caters directly to the city’s substantial base of service, industrial, and transitional workforce tenants. A naturally affordable asset, it fills a critical gap in a market where much of the new housing supply skews toward higher-end units. Moses Lake is undergoing a notable economic resurgence, supported by strategic public and private investment. Employers like Microsoft, REC Silicon, and Sila Nanotechnologies are bringing high-skill jobs and capital investment to the region. This expansion is driving demand across the housing spectrum and positioning Moses Lake as a key tertiary marke














