2729 W Marina Dr - Apartments FOR SALE


Moses Lake, WA 98837
$1,650,000 USD
509-410-1990
2729 W Marina Dr, Moses Lake, WA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/64
null | 6.08% Cap Rate

2729 W Marina Dr
Moses Lake, WA 98837


HIGHLIGHTS

  • Premium Build & Location
  • Strong Comparable Sales & Rents
  • Moses Lake Market

OVERVIEW

Marina7 is a newer-construction 7-unit multifamily property located in Moses Lake. Built in 2021 across two buildings, the property features modern finishes, efficient operations, and limited near-term capital needs compared to older competing rental stock. Offered at $1.65M, it provides the opportunity for a stable multifamily asset priced at a 6.08% in-place cap rate and a 6.46% proforma cap rate. The property is well-positioned along Marina Drive facing the waterfront, with select units offering lake-facing views capable of achieving rent premiums. The surrounding area includes newer townhome-style rental product and nearby comparable assets that support both market rents and pricing. As one of Central Washington's key regional markets, Moses Lake benefits from a diverse employment base, essential services, and continued industrial and population growth.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

7

PRICE/UNIT

$235,714

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marina7

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-3

APN/PARCEL ID

314134000

ASK ABOUT THIS PROPERTY

Mason FiasconeMultifamily MasonMore Info
509-410-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mason FiasconeMultifamily MasonMore Info
509-410-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.