LISTING DETAILS

Cottonwood Flats

4278 Grape Dr NE Moses Lake WA 98837

Listing #: 707206 | Status: Available | Last Modified: 4/10/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	324,050
Vacancy Factor %	0.49%
Operating Expenses	125,203
Net Operating Income	197,249
CAP Rate	5.23 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	5.233

Building Information
Building Status	Existing
# of Buildings	4
# of Floors	1
# of Units	39
Total Building SF	17,075 SF
Net Rentable Area	7,600 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	143,748 SF
Acres	3.3
Year Built	1955

Property Type
Property Type	Multi-Family

Location
County	Grant
Cross Street	Highway 17
Market Area	Grant County
Tax ID #	110349005
Zoning	R2

Cottonwood Flats

Public Comments

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.

Cottonwood Flats
4278 Grape Dr NE Moses Lake WA 98837

Listing #: 707206 | Status: Available | Listing Date: 1/15/2026 | Last Modified: 4/10/2026 | Email Listing

For Sale

Cottonwood Flats

Listing Images