4278 Grape Drive NE, Moses Lake, WA 98837 (MLS # 2480179)
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Listing provided courtesy of Northwest MLS; The Paragon Group
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Located on 4278 Grape Drive NE in Moses Lake, this multifamily asset offers a compelling opportunity for investors seeking scalable upside in a fundamentally strong Eastern Washington market. The property has already been expanded from 36 to 39 units, with preliminary discussions indicating the potential to add as many as six more units through new construction or adaptive reuse"”subject to verification. This density upside, combined with light operational and physical improvements, makes the offering an ideal fit for buyers targeting value creation without heavy lift. The unit mix includes true studios with full kitchens and private bathrooms"”an increasingly rare feature in markets where many comparable units are converted motel stock. This functional advantage drives tenant satisfaction, improved retention, and stronger rent performance over time. Further income potential lies in the addition of on-site laundry facilities, with existing hookups already in place, allowing for a quick and cost-effective amenity upgrade. Positioned on the desirable Grape Drive corridor, the property benefits from immediate access to schools, retail, and major employers in a city known for stable occupancy and limited multifamily development. As Moses Lake continues to attract investment in aerospace, agriculture, and manufacturing, this asset is poised to capture both short-term rental growth and long-term appreciation through smart repositioning and potential expansion.
| LAST UPDATED | 2/13/2026 | TRACT | Larson |
|---|---|---|---|
| YEAR BUILT | 1954 | COMMUNITY | Larson |
| COUNTY | Grant | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Longview Elem |
|---|---|
| Jr. High School | Chief Moses Mid |
| High School | Moses Lake High |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 298 - North Moses Lake |
| HEAT | Baseboard, Electric |
| LOT | 3.3 acre(s) |
| MLS STATUS | Active |
| STORIES | 1 |
| STYLE | 56 - 10+ Units |
| SUBDIVISION | Larson |
| TAXES | 14321 |
| UTILITIES | Sewer Available |
| ZONING | Multi-Family |
TOTAL MONTHLY PAYMENT
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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 2/13/26 2:55 PM PST. 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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