1029 S Division St, Moses Lake, WA 98837

The Investment Sales Group is pleased to present 1029 South Division St, a 10-unit building

located in the heart of Moses Lake. This $1,120,000 investment property offers high-quality

living with amenities such as a coin-operated laundry facility, along with modernized

infrastructure, including copper plumbing and updated electrical systems that ensure longterm

reliability. The property is renovated, with 9 out of 10 units currently upgraded, offering

tenants a premium living experience.

The property is situated in a growing area of Moses Lake, just 0.3 miles from the Moses Lake

waterfront and McCosh Park, providing residents with exceptional access to the city’s

recreational spaces. The region benefits from a rapidly expanding battery manufacturing

district, ensuring a strong influx of labor and economic growth.

The property offers strong potential for both stability and growth, with a 6.45% current cap

rate and a market cap of 7.15%. The current GRM is 9.68, and the market GRM stands at 8.01,

indicating strong rental income potential and attractive investment returns. The opportunity to

fully renovate the final unit provides additional upside potential for investors seeking future

growth.