Property Details
4413 Circle Place
Moses Lake, WA 98837
$1,200,000
Active
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Property Overview
Portfolio investment opportunity! 9 units total includes 5 buildings (4×2 units and 1 single family) on 3 parcels, over an acre with space to build. Currently 100% occupied and many of the units have been recently updated. With all 9 units rented and strong in-place performance (6.96% current cap) and attractive income metrics (11.56 current GRM). Tenants pay utilities and the property is managed. Conveniently located between the fair grounds and Highway 17 off of Airway drive in Moses Lake's Urban Growth Area.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grant
Neighborhood
Basin Homes
Listed
Jul 31, 2026
Structure Type
Multi Family
Parcel Number
120537000
Tax & HOA
Annual Property Tax
$8,944 (2026)
Est. Monthly Tax
$745/mo
Financial Summary
Cap Rate
7.00%
Net Operating Income
$83,556
Gross Scheduled Income
$103,800
Gross Rent Multiplier
11.56
Total Expenses
$20,244
Building & Use
Building Sq Ft
2,704
Leasable Area
5,676 sqft
Total Units
9
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
15,473 sqft
Year Built
2005
Exterior & Lot
Lot Size
0.36 sqft
Year Built
2005
Exterior Materials
Cement
Sewer
Septic Tank
Water Source
Community
Lot Features
Paved, Sidewalk
Exterior Features
Cement/Concrete
Community & Access
Directions
GPS Friendly.
Location
City
Moses Lake
County
Grant
Coordinates
47.15199, -119.31643
Additional Information
Tax Year
2026
Annual Taxes
$8,944
Possession
Array
Based on information submitted to the MLS GRID as of August 10, 2026 3:45 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.
