Property Details
1525 S Monroe Street
Moses Lake, WA 98837
$3,600,000
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grant
Neighborhood
Moses Lake
Listed
Mar 9, 2026
Financial Summary
Cap Rate
5.04%
Net Operating Income
$181,721
Gross Scheduled Income
$298,800
Gross Rent Multiplier
12.00
Total Expenses
$108,115
Vacancy Rate
3.0%
Building & Use
Leasable Area
23,920 sqft
Total Units
16
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
2019
Exterior & Lot
Lot Size
0.85 sqft
Year Built
2019
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Moses Lake
County
Grant
Coordinates
47.11313, -119.26737
Additional Information
Tax Year
2026
Annual Taxes
$35,816
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 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.
