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Listed price in listed location currency (USD).
$549,995

0010

MLS® 2502402

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $2,148
Days Active 16
Lot Size 0.5124 acres
Approx. Age 1961
MLS® Number 2502402

Property Address: 206 208 Beale Ave, Moses Lake, WA, 98837-3325

Average square foot calculated using Size range provided by listing agent.

Description

206 / 208 Beale Ave — Moses Lake Infill Investment Opportunity: stabilized duplex with fully approved plans for two ADUs to create a 4-unit asset in a designated Opportunity Zone. Offered at $549, 995, this low-basis play delivers immediate cash flow (current rents $1, 275 & $1, 350; MTM leases) and significant upside with installing ADUs— pro-forma gross rents of $61, 200–$73, 800 (˜94% rent lift after ADU build). Both existing units fully renovated (interiors 2021 & 2024; new paint, fence & roof 2024). Short plat recorded Q1-2026 subdivides the duplex down the middle, enabling separate parcel financing or resale. Tenants pay W/S/G & electricity (NNN-style); Low regular expenses. ADU construction budget range $302k–$505k (additional savings if both units are built concurrently); pro-forma NOI $49k–$57.5k with cap rate range 6.25%–7.75%. Purchase via Qualified Opportunity Fund may offer OZ tax benefits for eligible buyers (consult tax counsel). Flexible ownership options: hold & capture OZ benefits, refinance, or sell subdivided parcels. Located in Grant County's only Opportunity Zone, get your foot into the area with this investment opportunity + plans for growth Zoned as R3. Make the most of the space available + be a contributor to affordable housing in the area. Located in close proximity to Highway 17, the Community College, Medical Services, + just a short drive to town. Request the Financial projections/estimates from Listing Broker for more detailed proposal information!
MLS® Number2502402
Laundry Level
Central VacNo
FireplaceNo
Acreage0.5124
Exterior
GarageNo
Approx. Age1961
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 3, 2026List Date
$549,995List Price
  • Commute

Commute

Starting Address
Destination Address
206 208 Beale Ave, Moses Lake, WA

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