$849,000

8 Beds 4 Baths 2,976 SQFT 0.78 Acres
Type: Multi-Family

329 S Gibby Road
Moses Lake, WA 98837

MLS#: 2549664
Presented by: Moses Lake Realty Group and NWMLS

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.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringHardwood, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

AFH11
Building Area Units0 sqft
Building NameSunset Park Add Ls Tax #
Cap Rate5
Carport Spaces4
Carport Y/NNo
CityMoses Lake
CoolingForced Air
CountyGrant
DirectionsFrom Downtown, go west on Broadway, right on Gibby to first property on the right.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingForced Air
High SchoolMoses Lake High
High School DistrictMoses Lake
Insurance Expense2000
Leasable Area2,976 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet34,085 sqft
Lot Size UnitsSquare Feet
MLS Area296 - Peninsula
Middle/Junior High SchoolFrontier Mid
NWM_ShowMapLinkY
Net Operating Income42490
New ConstructionNo
Number Of Units Total4
PossessionClosing
Possible UseCommercial, Multi-Family
Property ConditionGood
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExcellent 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
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NamePeninsula
Tax Annual Amount$2,790
Tax Year2026
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water CompanyCity of Moses Lake
Water Sewer Garbage3120
Year Built1954
Zoning DescriptionCommercial, Multi-Family

Exterior

Building Area Total2,976 sqft
Covered Spaces4
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot DimensionsIrregular
Lot FeaturesCul-De-Sac, Curbs, Paved, Sidewalk
Lot Number2
Lot Size Acres0.7825
Parking Uncovered Total4
Site FeaturesFenced-Partially, High Speed Internet, Patio
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Frontier Mid
High School Moses Lake High
Elementary School Buyer To Verify Elementary School

  

Similar Properties

$849,000

8 Beds 4 Baths 2,976 SQFT 0.78 Acres
Type: Multi-Family

329 S Gibby Road
Moses Lake, WA 98837

MLS#: 2549664