Listed by COMPASS
$760,000
$140K PRICE DROP

1302 Shaker Place Moses Lake, WA 98837

Estimated payment $4,618/month

Total Views 7,570
8 Beds
8 Baths
4,752 Sq Ft
$160 Price per Sq Ft

Highlights

  • No HOA
  • Cul-De-Sac
  • Vinyl Plank Flooring
  • Thermal Windows
  • Patio
  • 4-minute walk to St Martins Park

About This Home

Now listed below appraised value! This exceptional property consists of 2 duplexes, offering a total of 4 well-maintained rental units (1302, 1304, 1306, 1308) with a strong rental history. Ideal for savvy investors or for those looking to reside in one unit while leasing out the others. Nestled in a highly sought-after location, these units offer unparalleled convenience. Each unit is equipped with its own washer/dryer, complete set of kitchen appliances, single-car garage, underground sprinklers, & partially fenced backyard. Some units have been recently upgraded with new AC units, LVP flooring, carpet & paint, enhancing their appeal.

Listing Agent

Jeff Thompson

COMPASS License #23012483 Listed on: 07/12/2024

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2264318

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,056

Year Built

  • Built in 1994

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Sprinkler System
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,752 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Garden Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 311572000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,056

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1994
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4752
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 372

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Grand County PUD
  • SewerCompany: City of Moses Lake
  • WaterCompany: City of Moses Lake
  • WaterSewerGarbage: 6000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Moses Lake
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 311572000
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.6
  • LeasedItems: None
  • TotalMonthlyIncome: 4995

Multi Family

  • Gross Scheduled Income: 59940
  • Net Operating Income: 44559
  • Number Of Units Total: 4
  • Insurance Expense: 1131
  • Leasable Area: 4752
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5056

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,056 $440,807 $44,212 $396,595
2023 $4,905 $401,775 $40,420 $361,355
2022 $4,818 $401,775 $40,420 $361,355
2021 $4,565 $401,775 $40,420 $361,355
2020 $4,775 $367,650 $40,420 $327,230
2019 $4,997 $369,520 $40,420 $329,100
2018 $5,342 $349,665 $40,420 $309,245
2017 $5,127 $351,410 $40,420 $310,990
2016 $3,724 $254,120 $42,500 $211,620
2013 -- $252,675 $41,055 $211,620
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $760,000 -3.8% $160 / Sq Ft
05/01/2025 05/01/25 For Sale $790,000 0.0% $166 / Sq Ft
04/30/2025 04/30/25 Off Market $790,000 -- --
04/23/2025 04/23/25 Price Changed $790,000 -1.3% $166 / Sq Ft
03/03/2025 03/03/25 Price Changed $800,000 -3.0% $168 / Sq Ft
12/13/2024 12/13/24 For Sale $825,000 0.0% $174 / Sq Ft
11/22/2024 11/22/24 Off Market $825,000 -- --
11/14/2024 11/14/24 Price Changed $825,000 -2.9% $174 / Sq Ft
08/11/2024 08/11/24 Price Changed $850,000 -5.6% $179 / Sq Ft
07/12/2024 07/12/24 For Sale $900,000 -- $189 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $445,000 Frontier Title And E
Interfamily Deed Transfer -- None Available
Warranty Deed $405,000 Security Title Guara
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $333,750 New Conventional
Previous Owner $303,750 Purchase Money Mortgage
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2264318

Northwest Multiple Listing Service (NWMLS)

APN: 311572000