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1029 S Division St Moses Lake WA 98837
Listing #: 708687 | Status: Available | Last Modified: 4/14/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 5.78 % |
| 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 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| # of Units | 30 |
| # of Elevators | 0 |
| Total Building SF | 15,327 SF |
| Net Rentable Area | 15,327 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 15,545 SF |
| Acres | 0.36 |
| Year Built | 1972 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | C |
| Location | |
|---|---|
| County | Grant |
| Market Area | Grant County |
| Tax ID # | 110228000 |
| Zoning | R3 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 30 |
| Total Parking Spots | 30 |
We are pleased to present 1029 South Division St, a renovated 10-unit apartment property in the heart of Moses Lake offered at $1,250,000. The building features desirable tenant amenities like coin-operated laundry and upgraded major systems including copper plumbing and updated electrical, supporting long-term reliability. With 9 of 10 units upgraded and additional upside remaining through completion of the final unit, investors can capture further rent growth—forecasted at +7.37% on renovated rents—while benefiting from strong in-place performance (5.78% current cap vs. 6.41% market cap) and attractive income metrics (10.81 current GRM vs. 8.94 market GRM). Ideally located just 0.3 miles from the Moses Lake waterfront and McCosh Park, the property is positioned to benefit from local mome
Gray Lake & Gray Lake Manor Apartments
1029 S Division St Moses Lake WA 98837
Listing #: 708687 | Status: Available | Listing Date: 2/16/2026 | Last Modified: 4/14/2026 | Email Listing









