Property Details

1006 W 3rd Ave
Moses Lake, WA 98837
$2,350,000
CBA# 707213 courtesy of CBA Listing firm: The Paragon Group

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1006 W 3rd Ave, Moses Lake

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Commercial
Property Type
16,620
Bldg Sq Ft
45
Units
6.00%
Cap Rate
1955
Year Built

Property Overview

Studio City Apartments offers investors an accessible entry point into the stable and increasingly competitive Moses Lake multifamily market. With its mix of compact units and simple layouts, the property caters directly to the city’s substantial base of service, industrial, and transitional workforce tenants. A naturally affordable asset, it fills a critical gap in a market where much of the new housing supply skews toward higher-end units.Moses Lake is undergoing a notable economic resurgence, supported by strategic public and private investment. Employers like Microsoft, REC Silicon, and Sila Nanotechnologies are bringing high-skill jobs and capital investment to the region. This expansion is driving demand across the housing spectrum and positioning Moses Lake as a key tertiary market in Eastern Washington. Investors are increasingly turning to the city for its combination of job growth, infrastructure, and quality of life, all at a fraction of the cost of larger metros.Studio City is well-located within Moses Lake’s urban grid, providing immediate access to downtown services, schools, and major arterials. With proven occupancy, upside through management improvement, and the potential for long-term site enhancements, the property presents a compelling opportunity for investors seeking durable returns in an emerging growth market.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Grant
Listed Aug 4, 2026

Financial Summary

Cap Rate 6.00%

Building & Use

Building Sq Ft 16,620
Leasable Area 16,620 sqft
Total Units 45
Zoning General Commercial
Possible Use Multi-Family
Year Built 1955

Exterior & Lot

Year Built 1955

Location

City Moses Lake
County Grant
Coordinates 47.12360, -119.29200
Listed By
Mason Fiascone
The Paragon Group

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