Marina7
Newer construction and well-positioned on Marina Drive, this 7-unit multifamily property in Moses Lake features modern finishes, efficient operations, and select lake-facing units capable of achieving rent premiums.
Premium Build & Location
Built in 2021 with modern finishes, efficient systems, and a great Marina Drive location facing the lake, select units offer waterfront views capable of achieving rent premiums.
Stable Marina Drive Asset
The 7-unit property is located across two buildings on West Marina Drive, offering a clean, stable rental profile in an established residential pocket of Moses Lake.
Strong Comparable Support
Neighboring assets along West Marina Drive have achieved similar pricing and rental positioning, reinforcing Marina7’s market support and validating demand for newer rentals in the immediate area.
Moses Lake Market
Moses Lake serves as Grant County’s largest city and regional hub for housing, employment, and services, supported by agriculture, aerospace, data centers, and other industrial growth drivers.
Offering Details
Offered at $1,650,000, Marina7 is a newer-construction 7-unit multifamily asset located on Marina Drive in Moses Lake. Built in 2021, it features modern finishes and select lake-facing units capable of achieving rent premiums. Neighboring assets support both market rents and pricing, offering a stable rental profile in a growing Central Washington market.
Access DocumentsProperty Summary
Property Name
Marina7
Address
2729 W Marina Drive
City, State, Zip
Moses Lake, WA 98837
Year Built
2021
Parcel ID
314134000
Zoning
R-3
Acreage
0.34
# of Units
7
SF Per Unit
1414
Net Rentable Space
9,900 SF
Pricing Summary
Price
$1,650,000
Price / Unit
$235,714
Price / SF
$166.67
Current CAP Rate
6.08%
Proforma CAP Rate
6.46%
The Opportunity
Moses Lake 7-unit Multifamily on W Marina Drive
Marina7 is a newer-construction 7-unit multifamily property located in Moses Lake. Built in 2021 across two buildings, the property features modern finishes, efficient operations, and limited near-term capital needs compared to older competing rental stock. Offered at $1.65M, it provides the opportunity for a stable multifamily asset priced at a 6.08% in-place cap rate and a 6.46% proforma cap rate.
The property is well-positioned along Marina Drive facing the waterfront, with select units offering lake-facing views capable of achieving rent premiums. The surrounding area includes newer townhome-style rental product and nearby comparable assets that support both market rents and pricing.
As one of Central Washington's key regional markets, Moses Lake benefits from a diverse employment base, essential services, and continued industrial and population growth.
The Location
West Marina Drive location near all Moses Lake amenities
2729 W Marina Drive, Moses Lake, WA 98837Photographs
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Market Overview
Moses Lake, WA
Located in the heart of Central Washington, Moses Lake continues to position itself as one of the region’s most stable and quietly growing tertiary markets. Long known for its agricultural base, the city has successfully diversified in recent years with major investments from tech, aerospace, and advanced manufacturing firms. With a population of over 26,000 and regional access to over 100,000 people, Moses Lake combines affordability, employer demand, and lifestyle appeal.
Top employers such as Moses Lake School District, Moses Lake Industries, Samaritan Healthcare, and REC Silicon provide a strong employment foundation across education, healthcare, and clean tech manufacturing. Notably, Moses Lake is the site of Sila Nanotechnologies’ $1 billion battery material facility, one of the largest active cleantech industrial developments in Washington State.
With limited new multifamily supply and increasing in-migration from urban centers seeking lower cost of living, the Moses Lake market exhibits high occupancy and modest but steady rent growth. Its infrastructure is well-developed for a tertiary market, with a regional airport, rail access, and proximity to I-90. Local schools, parks, and recreation assets make the area especially appealing to working families and long-term renters.
Reasons To Invest Here
- 92.50%
Average Occupancy
Dec 2025
- 5.50%
Unemployment Rate
Q2 2025
- $1,231
Average Market Rent
Dec 2025
- 27.4k
Population
Dec 2025
- 1.40%
Population Growth
Dec 2025
- $71.8k
Median Household Income
Dec 2025
- 0.40%
Home Price Growth
Last 12 months
- 45.8k
Labor Force
Moses Lake MSA
Sources available upon request.
Our Team
Multifamily Mason
Multifamily Mason is a brokerage firm specializing in multifamily property sales and advisory services within the Inland Northwest. We uphold the core values of integrity, mastery, and ownership. These principles guide all our business decisions and interactions with our clients, investors, and stakeholders.
Our extensive market knowledge, in-depth data analysis, valuable insights, and strong industry relationships have established us as trusted advisors and a go-to source for those exploring the Inland Northwest markets or investing in multifamily properties within tertiary markets.
We foster long-term relationships and prioritize our clients' best interests, even if it means delaying immediate deals. We believe in collaboration and creating opportunities for mutual success, including working with potential competitors.
Lead Broker
Mason Fiascone
Mason is the founder of Multifamily Mason and specializes in the sale and advisory services of multifamily properties across the Inland Northwest with a specific focus on Central Washington and Tri-Cities. Mason leads the sales and asset management organizations at Multifamily Mason, meaning he partners with owners, investors, and developers seeking to maximize their property returns, bringing valuable expertise to every interaction. He is committed to building long-term relationships by providing clients with market insights and unique deal opportunities.
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