Property Details
116 E Hill Avenue
Moses Lake, WA 98837
$2,475,000
Pending Feasibility
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Property Overview
Investment Opportunity! 20 (2 bed 1 bath) units minutes from downtown situated on a large corner lot. Exterior features include new paint, new windows, underground sprinklers with parking in the front & back. Interior features include a laundry area, laminate flooring upgraded in a few units and storage room.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Feasibility
County
Grant
Neighborhood
Garden Heights
Listed
Aug 4, 2025
Financial Summary
Cap Rate
7.80%
Net Operating Income
$194,484
Gross Scheduled Income
$204,720
Gross Rent Multiplier
12.00
Total Expenses
$34,764
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
14,340
Leasable Area
14,340 sqft
Total Units
20
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
40,589 sqft
Year Built
1955
Exterior & Lot
Lot Size
0.93 sqft
Year Built
1955
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Brick, Wood Products
Location
City
Moses Lake
County
Grant
Coordinates
47.12183, -119.27363
Additional Information
Tax Year
2025
Annual Taxes
$10,418
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
