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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

713 3rd Ave  NE, Ephrata image
713 3rd Ave NE, Ephrata $1,825,000

LOOKING FOR A NEWLY BUILT FULLY LEASED UP INVESTEMNT OPPORTUNITY, THEN YOU WILL WANT TO LOOK AT THIS PROPERTY TO START OR ADD TO YOUR PORTFOLIO!!!!! THIS PROPERTY HAS AN ...

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  • 2562997 MLS
  • ACTIVE Status
Courtesy of RE/MAX, The Collective

Listing courtesy of RE/MAX, The Collective.

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1137 1139 Cascade Avenue, Moses Lake image
1137 1139 Cascade Avenue, Moses Lake — GUFFIN ECCLES ADD #3 $315,000

Investment opportunity awaits! Each unit has two bedrooms and one bath plus a large bonus room which can be used as a 3rd bedroom/office space. Kitchen appliances include...

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  • 2568458 MLS
  • ACTIVE Status
Courtesy of Nest Realty Company

Listing courtesy of Nest Realty Company.

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1141 1143 Cascade Avenue, Moses Lake image
1141 1143 Cascade Avenue, Moses Lake — GUFFIN ECCLES ADD #3 $315,000

Investment opportunity awaits! Each unit has two bedrooms and one bath plus a large bonus room which can be used as a 3rd bedroom/office space. Kitchen appliances include...

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  • 2568461 MLS
  • ACTIVE Status
Courtesy of Nest Realty Company

Listing courtesy of Nest Realty Company.

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1133 1135 Cascade Avenue, Moses Lake image
1133 1135 Cascade Avenue, Moses Lake — GUFFIN ECCLES ADD #3 $315,000

Investment opportunity awaits! Each unit has two bedrooms and one bath plus a large bonus room which can be used as a 3rd bedroom/office space. Kitchen appliances include...

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  • 2568454 MLS
  • ACTIVE Status
Courtesy of Nest Realty Company

Listing courtesy of Nest Realty Company.

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1331 S Shaker Place, Moses Lake image
1331 S Shaker Place, Moses Lake $529,000

LOOKING FOR A GREAT INVESTMENT OPPORTUNITY WITH AN AWESOME UPSIDE AND STABLE INCOME!!!! THEN YOU WILL WANT TO LOOK AT THIS TOWNHOUSE EACH UNIT FEATURES 3 BEDROOMS 2.5 BAT...

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  • 2557972 MLS
  • ACTIVE Status
Courtesy of RE/MAX, The Collective

Listing courtesy of RE/MAX, The Collective.

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10031005 SW 1st Avenue, Quincy image
10031005 SW 1st Avenue, Quincy $360,000 ▲

None

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  • 2565442 MLS
  • ACTIVE Status
Courtesy of AGR Real Estate

Listing courtesy of AGR Real Estate.

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2922 W Marina Drive, Moses Lake image
2922 W Marina Drive, Moses Lake — Tract 118 Battery Orchard Tracts $850,000 ▼

Exceptional Waterfront Investment Opportunity! Situated on approximately 0.93 acres with beautiful lake views, this unique multifamily property offers incredible versatil...

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  • 2554262 MLS
  • ACTIVE Status
Courtesy of BHGRE Gary Mann Realty

Listing courtesy of BHGRE Gary Mann Realty.

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4413 Circle Place, Moses Lake image
4413 Circle Place, Moses Lake $1,180,000 ▼

Portfolio investment opportunity! 9 units total includes 5 buildings (4x2 units and 1 single family) on 3 parcels, over an acre with space to build. Currently 100% occupi...

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  • 2563000 MLS
  • ACTIVE Status
Courtesy of eXp Realty

Listing courtesy of eXp 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% Vacancy rate. These 1 bedroom 1 bath units both have updated kitchens and baths, newer flooring and in unit washer and dryers. Each unit...

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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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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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Charles Burnett, CCIM

Principal | Sound Property Group

206.931.6036

Exclusive Listings / Past Sales

  • Our Multifamily Listings
  • Off-Market / Pocket Listings

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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 
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  • City of Seattle Building Permit Search
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  • 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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