Property Details
206 208 Beale Avenue , Moses Lake, WA 98837
Moses Lake, WA 98837
$549,995
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About This Home
206 / 208 Beale Ave — Moses Lake Infill Investment Opportunity: stabilized duplex with fully approved plans for two ADUs to create a 4-unit asset in a designated Opportunity Zone. Offered at $549,995, this low-basis play delivers immediate cash flow (current rents $1,275 & $1,350; MTM leases) and significant upside with installing ADUs— pro-forma gross rents of $61,200–$73,800 (˜94% rent lift after ADU build). Both existing units fully renovated (interiors 2021 & 2024; new paint, fence & roof 2024). Short plat recorded Q1-2026 subdivides the duplex down the middle, enabling separate parcel financing or resale. Tenants pay W/S/G & electricity (NNN-style); Low regular expenses. ADU construction budget range $302k–$505k (additional savings if both units are built concurrently); pro-forma NOI $49k–$57.5k with cap rate range 6.25%–7.75%. Purchase via Qualified Opportunity Fund may offer OZ tax benefits for eligible buyers (consult tax counsel). Flexible ownership options: hold & capture OZ benefits, refinance, or sell subdivided parcels. Located in Grant County's only Opportunity Zone, get your foot into the area with this investment opportunity + plans for growth Zoned as R3. Make the most of the space available + be a contributor to affordable housing in the area. Located in close proximity to Highway 17, the Community College, Medical Services, + just a short drive to town. Request the Financial projections/estimates from Listing Broker for more detailed proposal information!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grant
Neighborhood
Larson
Listed
Apr 3, 2026
Interior Features
Bathrooms
0.0
Stories
1
Exterior & Lot
Lot Size
0.51 sqft
Year Built
1961
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Community
Exterior Features
Wood Products
Location
City
Moses Lake
County
Grant
Coordinates
47.16267, -119.32194
Schools
School District
Moses Lake
Additional Information
Tax Year
2026
Annual Taxes
$2,148
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of April 3, 2026 1:36 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.
