206 208 Beale Avenue

Moses Lake, WA 98837

  • Bed

  • Bath

  • 2322 SqFt

  • 21 DOM

  • Built: 1961

  • Status: Active

$549,995

X

206 208 Beale Avenue

Moses Lake 98837

$549995

  • Bed

  • Bath

  • 2322 SqFt

  • 21 DOM

  • Built: 1961

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

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!

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Residence Information

  • 2322

  • Composition

  • 52 - Duplex

  • 1961

  • Poured Concrete

Features and Utilities

  • Wood Products

  • Community

  • Sewer Connected

  • 0

Financial

  • 2148

  • See Remarks

  • 04-03-2026

Comparable Information

  • 21

  • 21

  • See Remarks

  • $549,995

  • $549,995

  • Apr 03, 2026 20:24

Schools

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Listing courtesy of Moses Lake Realty Group.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Apr 24, 2026 12:15 | Listing last modified Apr 03, 2026 20:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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