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Listing Firm: Kidder Mathews: Brian Richardson

Bought With: Pellego, Inc. : Briana Nasman

SOLD On April 28, 2022
NWMLS # 1836675

$1,100,000

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

1033 W Columbia Avenue , Moses Lake, WA 98837

Listings with the three tree icon are courtesy of NWMLS

About This Property

True value-add multifamily opportunity consisting of 3 buildings. There are 2 triplexes and 1 fourplex. The properties are centrally located in Moses Lake and each is adjacent to the next. The properties have been maintained but have not seen any significant renovations. This opportunity offers investors significant rental upside and opportunities for utility bill-back and charging for laundry. A 52% increase in rental income is estimated. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Avg. Asking Rent growth. Seller Financing only. -20% Down -5% Interest -I/O payments -3 to 5 Yr. Term -30 Yr. Amortization -Individual Prom. Notes for each property

Buyer's Agent: Briana Nasman • Pellego, Inc.

Listed by: Brian Richardson • Kidder Mathews

Aris360 Last Checked: 6 Minutes Ago (Jul 18, 2025 04:30 AM)

  • Source: NWMLS as Distributed by MLS Grid #1836675

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Columbia
  • Zip/Postal Code: 98837
  • City: Moses Lake

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$3,847 per month
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Property Features

  • County
    • Peninsula
  • Community
    • 296 - Peninsula
  • MLS Area
    • 296 - Peninsula
  • Longitude
    • -119.287302
  • Latitude
    • 47.122459
  • Directions
    • From Interstate-90, take exit 176 for WA-171 N toward I-90 BUS/Moses Lake, continue on WA-171 E. Drive to W Columbia Ave, turn right onto W Columbia Ave

  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 6
  • Lot Description
    • Curbs,
    • Paved,
    • Sidewalk,
  • Elevation
    • Feet
  • Exterior
    • Wood
  • Site Description
    • Fenced-Partially,High Speed Internet
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 7500
  • Utilities
    • High Speed Internet,
    • Sewer Connected,
    • Electric,

  • High School District
    • Moses Lake

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2022
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $6383
  • Year Built
    • 1948
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jul 18 2025 . 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.

Jul 18, 2025 04:30 AM