$ 549,995
-
$549,995
Price -
6
Bed -
2
Bath -
2,322
SqFt
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About the Listing 4611 - 148085,31762
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!
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
2502402
Year Built
1961
Total Square Footage
2,322
Lot/Acreage
0.51
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Moses Lake
Exterior Details
- Lot Description: Zoning: Residential,See Remarks
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: Residential,See Remarks
- Roof: Composition
- Others: Wood Products,Updated/Remodeled
- Sewer: City of Moses Lake
Financial Details
- Tax Amount: $2,148
- Taxes w/Assessments: N/A
- Tax/Property ID: 310182000
- Tax Year: 2026
Payment Calculator
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Questions About..
206 208 Beale Ave Moses Lake, WA 98837
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