2729 W Marina Dr
Moses Lake WA 98837
2729 W Marina Drive
2729 W Marina Dr Moses Lake WA 98837
Listing #: 714556 | Status: Available | Last Modified: 6/26/2026 |
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$ 1,650,000.0
- $/SF$ 175.9
- $/Unit$ 1,650,000.0
- Listing StatusAvailable
- Days on Market15
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.08 %
- 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
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units7
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF9900
- Net Rentable Area9378
- Total Office SF
- Largest Contiguous SF
- Lot SF14996
- Acres0.34
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyGrant
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaGrant County
- Tax ID #314134000
- Additional Parcels
- ZoningR-3
- Year Built2021
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Marina7
Marina7 is a newer-construction 7-unit multifamily property located in Moses Lake. Built in 2021 across two buildings, the property features modern finishes, efficient operations, and limited near-term capital needs compared to older competing rental stock. Offered at $1.65M, it provides the opportunity for a stable multifamily asset priced at a 6.08% in-place cap rate and a 6.46% proforma cap rate. The property is well-positioned along Marina Drive facing the waterfront, with select units offering lake-facing views capable of achieving rent premiums. The surrounding area includes newer townhome-style rental product and nearby comparable assets that support both market rents and pricing. As one of Central Washington's key regional markets, Moses Lake benefits from a diverse employment base, essential services, and continued industrial and population growth.
