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 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 momentum, including expansion tied to the region’s growing battery manufacturing district.
Active
Listed by: COMPASS • Erich Bubbel
$1,120,000
1029 S Division Street, Moses Lake, WA 98837
11beds
10baths
--sqft
Multi Family
Built in 1954
-- sqft lot
$1,107,200 Zestimate®
$--/sqft
$-- HOA
What's special
Coin-operated laundryUpgraded major systemsCopper plumbingUpdated electrical
- 193 days
- 84
- 3
Zillow last checked:
Listing updated:
Listed by:
Erich Bubbel,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2480951
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 10
Heating
- Forced Air, Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, See Remarks, Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 21
- Uncovered spaces: 21
Lot
- Size: 1,550 Square Feet
- Features: Paved, Sidewalk
Details
- Parcel number: 110228000
- Zoning description: Multi-Family,Jurisdiction: See Remarks
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Brick, Cement/Concrete, Wood Products
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Good
- Year built: 1954
- Major remodel year: 1954
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Moses Lake
Location
- Region: Moses Lake
Financial & listing details
- Annual tax amount: $3,796
- Date on market: 2/16/2026
- Cumulative days on market: 194 days
- Listing terms: Conventional
Estimated market value
$1,107,200
$1.05M - $1.16M
$1,220/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Price change | $1,120,000-10.4% |
Source:  NWMLS as distributed by MLS GRID #2480951 Report a problem | ||
| 2/16/2026 | Listed for sale | $1,250,000+155.1% |
Source: NWMLS as distributed by MLS GRID #2480951 Report a problem | ||
| 6/1/2004 | Sold | $490,000 |
Source: NWMLS as distributed by MLS GRID #24013518 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98837
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