1525 S Monroe Street, Moses Lake, WA 98837
- $3,600,000
Listing courtesy of BHGRE Gary Mann Realty.
- List Price
- $3,600,000
- Status
- ACTIVE
- MLS#
- 2490030
- Days on Market
- 142
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Annual Tax Ammount
- 35816
- Lot Size (sq ft)
- 37,026
- Sewer
- Sewer Connected
Property Description
Prime 16-unit investment opportunity in Moses Lake! This well-maintained townhome-style multifamily property features spacious units with approximately 3 bedrooms and 2-2.5 bathrooms, thoughtfully designed for comfortable living. Each unit includes a full laundry room, all appliances, and stylish granite or quartz countertops, offering modern finishes tenants appreciate. Functional layouts, generous living space, and desirable amenities.Conveniently located near schools, shopping, dining, and major services, making it an attractive rental location. A rare opportunity to add a well-positioned 16-unit income-producing property to your investment portfolio.
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Additional Information
- List Date
- 2026-03-09 18:16:32
- Community
- Moses Lake
- Net Operating Income
- $181,721
- Gross Adjusted Income
- $289,836
- Gross Scheduled Income
- $298,800
- Insurance Expenses
- $6,487
- Water/Sewer/Garbage Expenses
- $17,467
- Gross Rent Multiplier
- 12
- Total Expenses
- $108,115
- Cap Rate
- 5.04
- Vacancy Rate
- 3
- Total Number of Units
- 16
- Unit Name
- 1525
- Potential Terms
- Cash, Conventional
- Year Built
- 2019
- View
- Territorial
- Roof
- Composition
- Electric Expenses
- 352
- Other Expenses
- 47993
- Energy Source
- Electric
- School District
- Moses Lake
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Gross Scheduled Income
- $298,800
- Vacancy Rate
- 3
- Gross Adjusted Income
- $289,836
- Tax Year
- 2026
- Insurance Expense
- $6,487
- W/S/G Expenses
- $17,467
- Total Expenses
- $108,115
- Net Operating Income
- $181,721
- Gross Rent Multiplier
- 12
- Cap Rate
- 5.04
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.