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Listed by: COMPASS • Erich Bubbel

Price cut: $130K (5/21)

$1,120,000

1029 S Division Street, Moses Lake, WA 98837

11beds

10baths

--sqft

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Multi Family

Built in 1954

-- sqft lot

$1,105,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Coin-operated laundryUpgraded major systemsCopper plumbingUpdated electrical

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.

146 days

91

5

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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: 147 days
Listing terms: Conventional

Estimated market value

$1,105,300

$1.05M - $1.16M

$1,320/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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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