Downtown Homes with 55 - 5-9 Units Style

Welcome to Downtown Moses Lake, a vibrant neighborhood that perfectly blends small-town charm with modern conveniences. Nestled in Grant County, Washington, this area is known for its welcoming atmosphere and diverse community. Downtown offers a rich tapestry of local shops, eateries, and cultural attractions, making it a hub of activity and engagement for residents and visitors alike.

One of the standout features of Downtown Moses Lake is its array of homes, particularly the charming 55-59 unit style residences. These homes are perfect for those seeking a close-knit community feel while enjoying the perks of urban living. The architecture reflects a delightful mix of contemporary and classic designs, providing a unique character to the neighborhood. With well-maintained properties and lush green spaces, residents can relish the beauty of their surroundings while enjoying the convenience of nearby amenities.

Downtown is also a stone's throw away from Moses Lake’s stunning waterfront, where you can indulge in a variety of recreational activities. Whether you prefer boating, fishing, or simply taking a leisurely stroll along the lake, this area offers an abundance of outdoor experiences. The local parks and recreational facilities ensure that families have plenty of options for fun and relaxation.

Living in Downtown Moses Lake means being part of a community that values connection, creativity, and comfort. With its rich history, thriving local businesses, and a strong sense of community spirit, Downtown is not just a place to live—it's a place to thrive. Come explore the possibilities that await you in this delightful neighborhood!

Newest Downtown Homes with 55 - 5-9 Units Style

$1,195,000

2547568 MLS ⋅ ACTIVE Status

Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.

2232 Hoyt Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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