329 S Gibby Road, Moses Lake, WA 98837
- $849,000
- 2,976
- SqFt
Listing courtesy of Moses Lake Realty Group.
- List Price
- $849,000
- Status
- ACTIVE
- MLS#
- 2549664
- Days on Market
- 25
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,976
- Area Total SqFt
- 2976
- Annual Tax Ammount
- 2790
- Lot Size (sq ft)
- 34,085
- Sewer
- Sewer Connected
Property Description
Excellent income-producing investment featuring two duplexes with four total rental units situated on two parcels with R3 Multifamily and Commercial zoning, offering exceptional flexibility for future development or mixed-use opportunities. The property has been extensively updated with modern electrical, plumbing, HVAC systems, and numerous interior improvements, creating a low-maintenance investment. Strong rental income with long-term upside in a prime location offering convenient access to Broadway, I-90, shopping, dining, and services. An outstanding opportunity for investors seeking cash flow and future potential.
Additional Information
- List Date
- 2026-07-03 17:08:17
- Community
- Peninsula
- Net Operating Income
- $42,490
- Gross Adjusted Income
- $37,800
- Gross Scheduled Income
- $50,400
- Total Monthly Income
- $4,200
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $3,120
- Gross Rent Multiplier
- 16.85
- Total Expenses
- $7,910
- Cap Rate
- 5
- Vacancy Rate
- 50
- Total Number of Units
- 4
- Unit Name
- 329
- Potential Terms
- Cash, Conventional
- Year Built
- 1954
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Moses Lake
- Elementary School
- Buyer To Verify
- Middle School
- Frontier Mid
- High School
- Moses Lake High
- Total Monthly Income
- $4,200
- Gross Scheduled Income
- $50,400
- Vacancy Rate
- 50
- Gross Adjusted Income
- $37,800
- Tax Year
- 2026
- Insurance Expense
- $2,000
- W/S/G Expenses
- $3,120
- Total Expenses
- $7,910
- Net Operating Income
- $42,490
- Gross Rent Multiplier
- 16.85
- Cap Rate
- 5
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.