$1,120,000
Est. $5,693/mo1029 S Division Street, Moses Lake, WA 98837
• Listed 2026-02-16•61 days on market
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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.
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1029 S Division Street, Moses Lake, WA 98837
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 21, 2026 at 02:58pm (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Listed by Erich Bubbel • COMPASS
Listing updated: May 21, 2026 at 02:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2480951
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Moses Lake is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 35 days.
$360,000 Sold
3 weeks ago
3 bd•2 ba•~1,552 sq ft•Single Family
1346 E Greens Loop, Moses Lake, WA 98837
0%
Over list
—
Days on market
0.9 mi
Distance
$68,000 Sold
3 months ago
•Single Family
0 Nna S Baker Street, Moses Lake, WA 98837
9%
Over list
—
Days on market
0.1 mi
Distance
$390,000 Sold
6 months ago
3 bd•1 ba•~1,677 sq ft•Single Family
1552 S Bailey Avenue, Moses Lake, WA 98837
2%
Under list
—
Days on market
0.6 mi
Distance
$292,500 Sold
6 months ago
3 bd•1 ba•~1,120 sq ft•Single Family
1122 E Saint Helens Drive, Moses Lake, WA 98837
1%
Over list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
