1029 S Division Street, Moses Lake, WA, 98837
About This Home
1029 South Division St, a renovated 10-unit apartment property in the heart of Moses Lake offered at $1,250,000. The building features desirable tenant amenities like coin-operated laundry and upgraded major systems including copper plumbing and updated electrical, supporting long-term reliability. With 9 of 10 units upgraded and additional upside remaining through completion of the final unit, investors can capture further rent growth while benefiting from strong in-place performance (5.78% current cap vs. 6.41% market cap) and attractive income metrics (10.81 current GRM vs. 8.94 market GRM). Ideally located just 0.3 miles from the Moses Lake waterfront and McCosh Park, the property is positioned to benefit from local momentum, including expansion tied to the region’s growing battery manufacturing district.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1954
Materials
- Foundation: Poured Concrete
- Roof: Flat
- Construction materials: Brick,Cement/Concrete,Wood Products
Notable Dates
- Major remodel year: 1954
Type & Style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 10
Features
- Flooring: Ceramic Tile,See Remarks,Vinyl Plank
Heating & Cooling
- Heating features: Forced Air,Electric
- Cooling features: None
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 110228000
- Zoning description: Multi-Family,Jurisdiction: See Remarks
- Special condition: Standard
Lot
- Lot size: 1,550 sqft
- Features: Paved,Sidewalk
Parking
- Uncovered spaces: 21
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Grant County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,663 | $67,956 |
| Home Insurance * | $420 | $5,040 |
| Property Taxes | $690 | $8,280 |
| Electricity | $149 | $1,793 |
| Total | $6,922 | $83,064 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-16 | Listed for sale | $1,250,000 |
| 2004-06-01 | Sold | $490,000 |
View on Zillow