Log In/Sign Up
Your email has been sent.
Modern Heights 1701 Crouse st 96 Unit Apartment Building $21,000,000 ($218,750/Unit) 6.28% Cap Rate Moses Lake, WA 98837
Investment Highlights
- New construction
- Kitchens include quartz countertops, stainless steel appliances and soft close solid cabinets
- Community center with an exercise room
Executive Summary
New build, four building, 96 unit apartment complex in Moses Lake. Sixteen 1
bedroom 1 bath, 48 2 bedroom 2 bath and 32 3 bedroom 2 bath units. The property
is also known as 1842 W Broadway Ave.
Construction was recently completed. The certificate of occupancy for the entire
project was received in November 2025. As of November 2025, 20 units have been
leased.
See https://www.modernheightsml.com/ for more information on this beautiful
newly built property.
bedroom 1 bath, 48 2 bedroom 2 bath and 32 3 bedroom 2 bath units. The property
is also known as 1842 W Broadway Ave.
Construction was recently completed. The certificate of occupancy for the entire
project was received in November 2025. As of November 2025, 20 units have been
leased.
See https://www.modernheightsml.com/ for more information on this beautiful
newly built property.
Property Facts
| Price | $21,000,000 | Apartment Style | Garden |
| Price Per Unit | $218,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 4.13 AC |
| Cap Rate | 6.28% | Building Size | 107,344 SF |
| No. Units | 96 | Average Occupancy | 21% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | R-3 - Multifamily Residential | ||
| Price | $21,000,000 |
| Price Per Unit | $218,750 |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.13 AC |
| Building Size | 107,344 SF |
| Average Occupancy | 21% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | R-3 - Multifamily Residential |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Patio
Site Amenities
- 24 Hour Access
- Clubhouse
- Fitness Center
- Spa
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 1,110 |
| 2+2 | 48 | - | 1,035 |
| 3+2 | 32 | - | 1,110 |
1 1
Property Taxes
| Parcel Number | 112102000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $493,318 |
Property Taxes
Parcel Number
112102000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$493,318
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Modern Heights | 1701 Crouse st
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.