Property Details

2729 W Marina Dr

Moses Lake, WA 98837

$1,650,000

Available

CBA# 714556 courtesy of CBA Listing firm: The Paragon Group

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Commercial

Property Type

9,900

Bldg Sq Ft

Units

6.00%

Cap Rate

2021

Year Built

Property Overview

Marina7 is a newer-construction 7-unit multifamily property located in Moses Lake. Built in 2021 across two buildings, the property features modern finishes, efficient operations, and limited near-term capital needs compared to older competing rental stock. Offered at $1.65M, it provides the opportunity for a stable multifamily asset priced at a 6.08% in-place cap rate and a 6.46% proforma cap rate.The property is well-positioned along Marina Drive facing the waterfront, with select units offering lake-facing views capable of achieving rent premiums. The surrounding area includes newer townhome-style rental product and nearby comparable assets that support both market rents and pricing.As one of Central Washington's key regional markets, Moses Lake benefits from a diverse employment base, essential services, and continued industrial and population growth.