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$1,250,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 days ago

Listed by Erich Bubbel | Compass | (425) 637-7777

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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.

Full Property Details for 1029 S Division St

General

  • Price: $1,250,000
  • Taxes: $3,796 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2480951
  • Updated: 2/16/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Ceramic Tile, See Remarks, Vinyl Plank

Parking

  • Uncovered Spaces: 21

Location

  • Area: 295 - South Moses Lake
  • County: Grant
  • Subdivision: Moses Lake
  • Driving Directions: GPS

School Information

  • High School District: Moses Lake

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick, Cement/Concrete, Wood Products
  • Foundation: Poured Concrete
  • Roof: Flat
  • Stories in Building: 1
  • Year Built: 1954
  • Property Condition: Good

Unit Information

  • Units in Building: 10

Lot Features

  • Lot Size (Acres): 0.0356
  • Lot Size (Sq. Ft.): 1,551
  • Lot Size Source: Public
  • Lot Features: Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $3,796
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 110228000

Listed by Erich Bubbel | Compass | (425) 637-7777

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Schools serving 1029 S Division St

School District:Moses Lake School District
NameGradesDistance
Garden Heights Elementary School
707 East Nelson Road, Moses Lake, WA 98837
K-50.5 mi
Chief Moses Middle School
1111 East Nelson Road, Moses Lake, WA 98837
6-80.8 mi
Moses Lake High School
803 Sharon Avenue East, Moses Lake, WA 98837
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1029 S Division St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/16/2026
Listed
$1,250,000
38.89%
MLS
6/21/2022
Sold
$900,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1029 S Division St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,962
-18%
$106,805
-19%
2020
$2,396
-4%
$132,010
-2%
2019
$2,490
60%
$134,395
41%
2018
$1,552
-25%
$95,075
-28%
2017
$2,075
46%
$132,685
47%
2016
$1,420
-4%
$90,290
—
2015
$1,473
5%
$90,290
—
2014
$1,405
—
$90,290
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Erich Bubbel | Compass | (425) 637-7777

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    Sq. Ft.
Listed by Adrian Vela | Coldwell Banker Tomlinson R&H
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1029 S Division Street, Moses Lake, WA 98837 (MLS# 2480951) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 1029 S Division Street is currently listed for $1,250,000 and was received on February 16, 2026. Want to learn more about 1029 S Division Street? Do you have questions about finding other Multi-Family real estate for sale in Moses Lake? You can browse all Moses Lake real estate or contact a Coldwell Banker agent to request more information.

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