LISTING DETAILS

1006 W 3rd Avenue

1006 W 3rd Ave Moses Lake WA 98837

Listing #: 707213 | Status: Available | Last Modified: 4/10/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	266,429
Vacancy Factor %	0.00%
Operating Expenses	167,307
Net Operating Income	99,122
CAP Rate	3.81 %

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	3.812

Building Information
Building Status	Existing
# of Buildings	2
# of Floors	1
# of Units	45
Total Building SF	16,620 SF
Net Rentable Area	16,620 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	53,143 SF
Acres	1.22
Year Built	1955

Property Type
Property Type	Multi-Family

Location
County	Grant
Market Area	Grant County
Tax ID #	101305000
Zoning	General Commercial

Studio City Apartments

Public Comments

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

1006 W 3rd Avenue
1006 W 3rd Ave Moses Lake WA 98837

Listing #: 707213 | Status: Available | Listing Date: 1/15/2026 | Last Modified: 4/10/2026 | Email Listing

For Sale

1006 W 3rd Avenue

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