$549,500
206-208 Beale Ave, Moses Lake, WA 98837
Current Rent **
$2,625
Projected Rent **
$5,100
Duplex + ADU Infill (4-unit potential) | Opportunity Zone | Moses Lake, WA
Turnkey Duplex + Build-Ready Upside
Off-market style opportunity for a renovated duplex with approved ADU infill, allowing a buyer to scale from 2 → 4 units with minimal entitlement risk.
-Property Snapshot
2 units (existing)
3 bed / 1.5 bath each
~1,150 SF per unit
Fully renovated interiors (last ~5 years)
New roof + exterior paint (2024)
In-unit laundry + HVAC
2 parking spaces per unit
Separate fenced yards
No shared walls (only carport separation)
-Clean, stabilized asset with low to no near-term CapEx
-Current Performance
Strong in-place rents
Stable tenant base
Solid day-one cash flow
(Full rent roll + expenses available upon request)
-Value-Add: ADU Infill (Pre-Approved)
City support for 2 additional ADUs
Ability to expand to 4 total units
Flexible configuration (detached or separate structures)
This is a build-ready infill deal!! Short Plat recorded March '26 opens up multiple potential exit paths
Upside Potential
Increase total doors: +100% (2 → 4 units)
Higher blended rent/SF via smaller units
Significant NOI + valuation lift post-build
Business Plan Options
1. Hold As-Is
→ Stabilized duplex with strong yield
2. Build + Refi
→ Add ADUs, stabilize 4 units, refinance
3. Build + Sell
→ Deliver turnkey 4-unit asset into strong buyer pool
Opportunity Zone Benefits
Located in the only designated Opportunity Zone in Grant County, WA:
Capital gains deferral
Step-up in basis
Potential tax-free appreciation after 10-year hold
Ideal for 1031 / HNW capital (note that there are many similar lots with large yards / side by side duplexes in this neighborhood where this could be replicated)
Ideal Buyer
Out-of-market investor seeking simple, high-upside deal
Builder/developer wanting low-friction ADU project
1031 buyer targeting tax-advantaged growth
Next Steps
Happy to share:
OM + underwriting model
Rent comps
ADU site plan + build assumptions
City approval documentation
DM me for full package or to set up a call.
Location:
206-208 Beale Ave, Moses Lake, WA 98837
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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