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Newest Moses Lake Investment Property Listings

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Multifamily Properties for Sale in Moses Lake, WA

Find Moses Lake Apartment Buildings, Duplexes & Investment Properties

Looking for multifamily properties for sale in Moses Lake, Washington? Whether you're searching for a duplex, fourplex, apartment building, or commercial investment property, Moses Lake offers investors an attractive combination of affordability, rental demand, and long-term growth potential.

Browse current Moses Lake multifamily listings, including duplexes, triplexes, fourplexes, apartment buildings, mixed-use properties, and income-producing investment real estate throughout Moses Lake and Grant County.

As a multifamily investment specialist, I help investors, owner-occupants, and 1031 exchange buyers identify opportunities that align with their investment objectives—not just what's available on the MLS.


Moses Lake Multifamily Investment Opportunities

Moses Lake offers a variety of multifamily investment options, including:

  • Duplexes
  • Triplexes
  • Fourplexes
  • Apartment Buildings
  • Mixed-Use Properties
  • Value-Add Investments
  • Turnkey Rental Properties
  • New Construction Multifamily
  • Development Sites
  • Commercial Income Properties

Whether you're purchasing your first rental property or expanding an existing portfolio, Moses Lake provides opportunities across a wide range of investment strategies.


Why Invest in Moses Lake Multifamily Real Estate?

Moses Lake has become one of Central Washington's fastest-growing communities, supported by continued population growth, major industrial investment, and expanding employment opportunities. Investors are drawn to the area's relatively affordable property prices compared to Western Washington while benefiting from strong rental demand.

Reasons investors continue to buy multifamily properties in Moses Lake include:

  • Lower acquisition costs than Seattle and Spokane
  • Strong rental demand
  • Continued population growth
  • Expanding manufacturing and industrial employment
  • Convenient access to I-90
  • Stable workforce supporting long-term rental housing demand
  • Opportunities for both cash flow and appreciation

The City of Moses Lake has also adopted a Multi-Family Tax Exemption (MFTE) Program to encourage new apartment development and redevelopment in designated areas, offering qualifying projects an 8- or 12-year property tax exemption.


Areas We Serve

We help buyers find multifamily investment opportunities throughout Moses Lake and the surrounding area, including:

  • Downtown Moses Lake
  • Larson
  • Mae Valley
  • Cascade Valley
  • Peninsula
  • Stratford Road Corridor
  • Grant County
  • Ephrata
  • Quincy
  • Warden
  • Othello

Whether you're looking inside the city limits or elsewhere in Grant County, we can help identify the strongest investment opportunities.


Buying an Apartment Building in Moses Lake

Successful multifamily investing goes well beyond finding an attractive cap rate.

Before purchasing an apartment building, investors should evaluate:

  • Current versus market rents
  • Operating expenses
  • Deferred maintenance
  • Utility billing structure
  • Lease terms
  • Vacancy history
  • Capital improvement needs
  • Financing options
  • Future development potential
  • Local rental regulations

Every property is analyzed from an investment perspective to help buyers understand both its current performance and long-term upside.


Owner-Occupant Multifamily Properties

Many duplexes, triplexes, and fourplexes in Moses Lake qualify for conventional, FHA, and VA financing.

Living in one unit while renting the others can significantly reduce your housing costs while allowing you to build equity and long-term wealth through real estate investing.

House hacking remains one of the most effective ways to begin building a real estate portfolio.


1031 Exchange Properties in Moses Lake

Moses Lake has become an increasingly attractive destination for investors completing 1031 exchanges, thanks to its combination of affordability and investment potential.

Whether you're selling property in Seattle, Spokane, the Tri-Cities, or another market, Moses Lake offers a variety of replacement properties ranging from duplexes to larger apartment communities.

We help investors identify replacement properties that meet both exchange deadlines and long-term investment goals.


Why Work With Sound Property Group?

Multifamily properties require a different approach than residential real estate.

We specialize in helping buyers evaluate:

  • Cash flow
  • Cap rates
  • Cash-on-cash returns
  • Market rents
  • Operating expenses
  • Value-add opportunities
  • Financing scenarios
  • Exit strategies

Our goal is to help clients make informed investment decisions based on real numbers—not assumptions.


Start Your Moses Lake Property Search

Whether you're looking for:

  • Moses Lake duplexes for sale
  • Moses Lake fourplexes for sale
  • Apartment buildings for sale in Moses Lake
  • Commercial multifamily properties
  • Value-add investment opportunities
  • 1031 exchange replacement properties
  • Off-market multifamily investments

we can help you find the right investment property.

 

Contact Sound Property Group today to discuss your investment goals or receive a customized list of Moses Lake multifamily properties for sale that match your investment criteria.

Newest Moses Lake Multifamily Listings

490 S Laguna Dr, Moses Lake image
490 S Laguna Dr, Moses Lake — Common Area Lag Una West 1st Addition $600,000

Excellent investment opportunity in a desirable Moses Lake location. This fourplex features four 2 bedroom, 1.5 bath townhouse style units, each offering an attached gara...

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  • 2560597 MLS
  • ACTIVE Status
Courtesy of BHGRE Gary Mann Realty

Listing courtesy of BHGRE Gary Mann Realty.

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726 Frey Road NW, Ephrata image
726 Frey Road NW, Ephrata $345,000

Great duplex ready to add to your investment portfolio. Both sides currently rented. 3 bedrooms, 1 1/2 bathrooms, single-car garage for one side and 2 bedrooms, 1 bathroo...

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  • 2551176 MLS
  • ACTIVE Status
Courtesy of WindermereRE/Central Basin LLC

Listing courtesy of WindermereRE/Central Basin LLC.

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716 Frey Road NW, Ephrata image
716 Frey Road NW, Ephrata $345,000

Great duplex ready to add to your investment portfolio. Both sides currently rented. 2 bedrooms, 1 bath, single-car garage for each unit plus additional parking. Addition...

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  • 2551175 MLS
  • ACTIVE Status
Courtesy of WindermereRE/Central Basin LLC

Listing courtesy of WindermereRE/Central Basin LLC.

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329 S Gibby Road, Moses Lake image
329 S Gibby Road, Moses Lake — Sunset Park Add Ls Tax # $849,000

Excellent income-producing investment featuring two duplexes with four total rental units situated on two parcels with R3 Multifamily and Commercial zoning, offering exce...

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  • 2549664 MLS
  • ACTIVE Status
Courtesy of Moses Lake Realty Group

Listing courtesy of Moses Lake Realty Group.

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31 39 F Street NW, Ephrata image
31 39 F Street NW, Ephrata — Harvills 5th Add $299,900

Updated duplex in Ephrata with 0% occupancy rate. These 1 bedroom 1 bath units both have updated kitchens and baths, newer flooring and in unit washer and dryers. Each un...

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  • 2546835 MLS
  • ACTIVE Status
Courtesy of United Country RE - Patrick RE

Listing courtesy of United Country RE - Patrick RE.

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7918 Stanley Drive, Moses Lake image
7918 Stanley Drive, Moses Lake $245,000

Investor opportunity in Cascade Valley. This long term tenant occupied duplex offers two 1 bedroom, 1 bathroom units, each approximately 510 sq. ft., with steady rental i...

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  • 2540575 MLS
  • ACTIVE Status
Courtesy of Nest Realty Company

Listing courtesy of Nest Realty Company.

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108 SE I Street Unit #110, Quincy image
108 SE I Street Unit #110, Quincy $415,000

Don't miss this excellent investment opportunity! This spacious duplex features two 2-bedroom, 1-bathroom units, each with an attached garage. Well maintained and offerin...

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  • 2537006 MLS
  • ACTIVE Status
Courtesy of Clear Choice Realty

Listing courtesy of Clear Choice Realty.

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45 Birch Street SW, Soap Lake image
45 Birch Street SW, Soap Lake $260,000 ▼

VAULE ADDED HOME OR INVESTMENT PROPERTY!!!! THIS HOME FEATURES A REMODELED ADU!! The main home features 2 bedrooms + 1 bath and plenty of off-street parking. The second ...

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  • 2526529 MLS
  • ACTIVE Status
Courtesy of RE/MAX, The Collective

Listing courtesy of RE/MAX, The Collective.

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3013 W Lakeside Drive Unit #1-5, Moses Lake image
3013 W Lakeside Drive Unit #1-5, Moses Lake — BATTERY ORCHARD TRACTS REPLAT TR 31 $1,300,000 ▼

Where waterfront living meets investment opportunity. This multi-family property boasts 65'+/- of prime waterfront access with a 55' wide dock & Bulkhead, perfect for boa...

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  • 2528601 MLS
  • ACTIVE Status
Courtesy of BHGRE Gary Mann Realty

Listing courtesy of BHGRE Gary Mann Realty.

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905 907 Ball Court, Moses Lake image
905 907 Ball Court, Moses Lake — BALL COURT SP 6-90 $425,000

Great multifamily investment opportunity located close to town! This duplex offers two well-designed units, each featuring 3 bedrooms, 2 bathrooms, and an attached single...

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  • 2525662 MLS
  • ACTIVE Status
Courtesy of Nest Realty Company

Listing courtesy of Nest Realty Company.

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30 Cherry Street S Unit #30, Soap Lake image
30 Cherry Street S Unit #30, Soap Lake $350,000

Dreaming of living in a cottage by the lake or running your own short term rentals. Close to the shores of scenic Soap Lake, downtown, restaurants and shopping are 4 sunn...

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  • 2505688 MLS
  • ACTIVE Status
Courtesy of eXp Realty

Listing courtesy of eXp Realty.

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1331 NE Nanto Road Unit #A&B, Moses Lake image
1331 NE Nanto Road Unit #A&B, Moses Lake — Hansen Plat $850,000 ▲

Welcome to this beautifully maintained 3-bedroom, 2-bath duplex-style condo perfectly situated on the golf course. This home features a gourmet kitchen with a spacious is...

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  • 2501139 MLS
  • ACTIVE Status
Courtesy of BHGRE Gary Mann Realty

Listing courtesy of BHGRE Gary Mann Realty.

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Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Resources

  • Multifamily Seller's Guide
  • Income Property Terms and Calculations
  • Offers Subject to Interior Viewing
  • Seattle Rental Registration Ordinance
  • ADU vs Legal Duplex: Definitions and Rules
  • Tenant Screening
  • Seattle Landlord/ Tenant Rights 
  • Tacoma Rental Housing Code
  • Washington State Landlord/ Tenant Laws
  • Section 8 Info
  • Rental Housing Association of WA
  • Home Repair Estimate Guide
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  • City of Seattle Building Permit Search
  • City of Seattle Project Map
  • King County Building Permit Search
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  • City of Seattle Accessory Dwelling Unit Info
  • City of Seattle Property Record Search
  • City of Seattle Zoning Info
  • Real Estate Capital Gains Calculator
  • Valuation Tool (Beta)

Financing, 1-4 Unit Residential 

    • CrossCountry Mortgage, Melissa Medved

Financing, 5+ Unit Commercial 

  • American Commercial Mortgage Network, Al Williams
  • Bellevue Capital Group, Robert Meunier
  • Sound Credit Union Business Lending

 

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Keller Williams Realty Seattle Metro
5446 California Ave SW 
Seattle, WA 98136

206-926-3701

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