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1006 W 3rd Ave
Moses Lake, WA 98837
Studio City Apartments · Multifamily Property For Sale · 45 Units

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INVESTMENT HIGHLIGHTS

  • Naturally affordable workforce housing
  • Operational value-add potential
  • Redevelopment & reconfiguration upside
  • Strategic position in a growing market

EXECUTIVE SUMMARY

Studio City Apartments offers investors an accessible entry point into the stable and increasingly competitive Moses Lake multifamily market. With its mix of compact units and simple layouts, the property caters directly to the city’s substantial base of service, industrial, and transitional workforce tenants. A naturally affordable asset, it fills a critical gap in a market where much of the new housing supply skews toward higher-end units.
Moses Lake is undergoing a notable economic resurgence, supported by strategic public and private investment. Employers like Microsoft, REC Silicon, and Sila Nanotechnologies are bringing high-skill jobs and capital investment to the region. This expansion is driving demand across the housing spectrum and positioning Moses Lake as a key tertiary market in Eastern Washington. Investors are increasingly turning to the city for its combination of job growth, infrastructure, and quality of life, all at a fraction of the cost of larger metros.
Studio City is well-located within Moses Lake’s urban grid, providing immediate access to downtown services, schools, and major arterials. With proven occupancy, upside through management improvement, and the potential for long-term site enhancements, the property presents a compelling opportunity for investors seeking durable returns in an emerging growth market.

PROPERTY FACTS

Price Per Unit $80,161 CAD
Sale Type Investment
Cap Rate 8.61%
No. Units 45
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.22 AC
Building Size 44,000 SF
No. Stories 1
Year Built 1955
Zoning General Commercial

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 44 - 295 - 450
2+1 1 - 850

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101305000
  • 110594000
  • 110593000
  • 110595000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$630,285 CAD
  • Listing ID: 39100041

  • Date on Market: 2026-01-15

  • Last Updated:

  • Address: 1006 W 3rd Ave, Moses Lake, WA 98837

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