Sun Basin Townhomes
A multi-family complex with 28 townhome-style units built in the 1950s. Centrally located in Ephrata, WA, the property offers value-add potential through cosmetic improvements and is tenant-occupied in good condition, with recent updates and strong tenant demand.
Rare Townhome-Style Layouts
All 28 units feature a desirable two-story layout with private entrances, in-unit washer/dryer, and full unfinished basements for ample storage—an uncommon, marketable amenity.
Value-Add Potential
Strong condition with deferred maintenance addressed. Cosmetic upgrades—like modern finishes and appliances—can boost rents, retention, and asset value.
Central Location with Tenant Demand Drivers
Across from Ephrata High School and near downtown, the location offers easy access to amenities, services, and major employers, supporting strong tenant demand and low vacancy.
Stable Tertiary Market Fundamentals
Ephrata offers steady rent growth and limited new supply. As a more affordable alternative to Moses Lake, it attracts renters seeking value and convenience.
Offering Details
Offered at $3,550,000, Sun Basin Townhomes is a 28-unit townhome-style complex in Ephrata, WA. The property offers value-add potential, strong tenant demand, and a central location near schools and amenities.
Access DocumentsProperty Summary
Property Name
Sun Basin Townhomes
Address
510-550 NW C Street
City, State, Zip
Ephrata, WA 98823
Year Built
1950
Parcel ID
140394000
Zoning
RES-1
Acreage
1.12
# of Units
28
SF Per Unit
845
Net Rentable SF
23,660
Pricing Summary
Price
$3,550,000
Price / Unit
$126,786
Price / SF
$150.04
Current CAP Rate
6.53%
Proforma CAP Rate
7.76%
The Opportunity
Central Ephrata Value-Add Investment
Sun Basin Townhomes is a 28-unit multifamily community located in the heart of Ephrata, WA. The property features an expansive and central lawn perfect for families and pets and in each unit, spacious two-bedroom, one-bathroom townhome-style residences, each offering a unique two- story layout with bedrooms and bathrooms on the upper level, and living and kitchen areas on the main level. An added bonus for tenants is the inclusion of private unfinished basements with in-unit laundry and ample storage, distinguishing this asset from typical garden- style apartments. With an average unit size of 848 square feet, Sun Basin offers tenants both space and function in a community-focused setting.
The Location
Central Ephrata location near schools, shopping, and employers
429.897.587.985Photographs
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Market Overview
Moses Lake, WA
Moses Lake is centrally located in Washington State’s Columbia Basin region. Nestled alongside its namesake, Moses Lake, this community has rapidly grown into a regional economic hub. The city's economy is diverse, with a strong presence in agriculture, manufacturing, and technology, including a major data center and two new electric vehicle manufacturing facilities.
Moses Lake's strategic location at the crossroads of major highways and railroads, plus its access to inexpensive power due to the Columbia River's dam systems makes it a pivotal transportation, logistics, and manufacturing center for the Pacific Northwest. In addition, the area's affordability relative to the remainder of the Inland Northwest is a draw for families, employees, and businesses alike.
Reasons To Invest Here
- 2.9%
Average rent growth
(Recent years)
- 92.5%
Average occupancy
(Ephrata Market)
- 1.2%
Population growth
(Ephrata Annual)
- $71.9K
Median HH Income
(Ephrata)
- 7.5%
Unemployment rate
(Ephrata)
- $126,786
Price per Unit
(Offering Price)
- 28
Townhome-style units
(Sun Basin Townhomes)
- Value-add
Investment Potential
(Cosmetic & operational)
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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