Excellent income-producing investment featuring two duplexes with four total rental units situated on two parcels with R3 Multifamily and Commercial zoning, offering exceptional flexibility for future development or mixed-use opportunities. The property has been extensively updated with modern electrical, plumbing, HVAC systems, and numerous interior improvements, creating a low-maintenance investment. Strong rental income with long-term upside in a prime location offering convenient access to Broadway, I-90, shopping, dining, and services. An outstanding opportunity for investors seeking cash flow and future potential.
Active
Listed by: Moses Lake Realty Group • Anna Van Diest
$849,000
329 S Gibby Road, Moses Lake, WA 98837
8beds
4baths
2,976sqft
Quadruplex, Multi Family
Built in 1954
-- sqft lot
$799,900 Zestimate®
$285/sqft
$-- HOA
What's special
Numerous interior improvements
- --
- on Zillow
- 65
- views
- 5
- saves
Zillow last checked:
Listing updated:
Listed by:
Anna Van Diest,
Moses Lake Realty Group,
LeRae Redal,
Moses Lake Realty Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2549664
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Electric
Cooling
- Forced Air
Features
- Flooring: Hardwood, Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 2,976
- Total interior livable area: 2,976 sqft
Property
Parking
- Total spaces: 8
- Carport spaces: 4
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.78 Acres
- Features: Cul-De-Sac, Curbs, Paved, Sidewalk, Fenced-Partially, High Speed Internet, Patio
Details
- Parcel number: 111270000
- Zoning description: Commercial,Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1954
Utilities & green energy
- Electric: Company: Grant County PUD
- Sewer: Sewer Connected, Company: City of Moses Lake
- Water: Public, Company: City of Moses Lake
Community & HOA
Community
- Subdivision: Peninsula
Location
- Region: Moses Lake
Financial & listing details
- Price per square foot: $285/sqft
- Tax assessed value: $253,533
- Annual tax amount: $2,790
- Date on market: 7/4/2026
- Listing terms: Conventional
Estimated market value
$799,900
$760,000 - $840,000
$1,268/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/4/2026 | Listed for sale | $849,000+414.5%$285/sqft |
Source:  NWMLS as distributed by MLS GRID #2549664 Report a problem | ||
| 3/10/2020 | Listing removed | $725 |
Source: Moses Lake Realty Group Report a problem | ||
| 2/29/2020 | Listed for rent | $725 |
Source: Moses Lake Realty Group Report a problem | ||
| 9/16/2004 | Sold | $165,000$55/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,790 -19.9% | $253,533 |
| 2023 | $3,482 +9.5% | $253,533 -3.2% |
| 2022 | $3,179 -2.1% | $261,920 |
| 2021 | $3,248 +4.5% | $261,920 +8.2% |
| 2020 | $3,107 | $242,020 |
| 2019 | $3,107 -9.5% | $242,020 +1.9% |
| 2018 | $3,431 -9.7% | $237,410 +38.4% |
| 2017 | $3,800 +3.5% | $171,495 +1.3% |
| 2016 | $3,671 +38.3% | $169,320 |
| 2013 | $2,654 | $169,320 |
| 2011 | -- | $169,320 -1.9% |
| 2010 | $2,058 -1.8% | $172,515 |
| 2009 | $2,095 -8.5% | $172,515 |
| 2007 | $2,290 | $172,515 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98837
Nearby schools
Schools provided by the listing agent
- Middle: Frontier Mid
- High: Moses Lake High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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