MLS #2502402 / Listing provided by NWMLS & Moses Lake Realty Group.
$549,995
206 208 Beale Avenue
Moses Lake,
WA
98837
Sq Ft
Per Sq Ft
Year Built
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!
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: Yes
Parking
- Garage Spaces: 0
- Parking Total: 10
- Total Uncovered Parking Spaces: 6
Structure
- Roof: Composition
- Exterior Features: Wood Products
- Foundation: Poured Concrete
Lot Details
- Acres: 0.5124
- Foundation: Poured Concrete
Schools
- High School District: Moses Lake
Lot Details
- Acres: 0.5124
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: Grant County PUD
Water, Sewer, and Garbage
- Sewer Company: City of Moses Lake
- Sewer: Sewer Connected
- Water Company: City of Moses Lake
- Water Source: Community
- Water, Sewer, and Garbage: 0
Whitney Johnsen
Broker | REALTOR®
Send Whitney Johnsen an email