206 208 Beale Avenue, Moses Lake, WA 98837 (MLS # 2502402)
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Listing provided courtesy of Northwest MLS; Moses Lake Realty Group
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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 (Ëœ94% 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!
| LAST UPDATED | 4/3/2026 | TRACT | Larson |
|---|---|---|---|
| YEAR BUILT | 1961 | COMMUNITY | Larson |
| COUNTY | Grant | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 298 - North Moses Lake |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| LOT | 0.5124 acre(s) |
| MLS STATUS | Active |
| STORIES | 1 |
| STYLE | 52 - Duplex |
| SUBDIVISION | Larson |
| TAXES | 2148 |
| UTILITIES | Sewer Connected |
| ZONING | Residential,See Remarks |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/5/26 2:35 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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