328 SW Alder Street · Ephrata, WA 98823
Source: NWMLS · Laura Mounter Real Estate · Danny Zavala #NWM2483483
About this home
Price Reduction - Priced to Sell! Launch your real estate investment career in self storage with this affordable, centrally located facility in the heart of Ephrata’s commercial core. Net Rentable SQFT 3,360, 32 units (2 units 10'x18', 30 units 10x10), Current gross potential income from existing rents ~$22,920/annually, with clear opportunities to enhance performance - Contact for Financials. This 100% occupied, high-demand property pulls consistent renters from surrounding residential neighborhoods and the regional workforce, providing immediate in-place income and proven market strength. The site offers excellent visibility and access near main arterials, service businesses, and a substantial nearby housing base, making it a strategic location for long-term ownership. Facility features drive-up units for easy tenant access and quick turnarounds, creating an efficient, low-intensity asset. Site is ideal for value-add investors, with meaningful upside by adding rentable square footage and improved site amenities. Ideas may include adding modular self-storage buildings to capture overflow demand and increase income per square foot, or contractor parking to attract higher-value users, or adding parameter fencing. Let's get into Self Storage in 2026!
Location
Basics
- Property type
- Commercial Industrial
- Style
- Light Indrl.
- Year built
- 1978
- Lot size
- 20,250 sq ft (0.46 acres)
- County
- Grant
- MLS #
- NWM2483483
Interior
- Heating
- None
- Cooling
- None
- Flooring
- Concrete
Exterior & lot
- Exterior features
- Metal/Vinyl
- Roof
- Metal
- Foundation
- Poured Concrete
- Topography
- Level
Parking
- Parking spaces
- 15
Utilities
- Water
- See Remarks
- Power
- Electric
Community & fees
- Subdivision
- Ephrata
- Property tax
- $1,818 (2025)
Transaction
- Original list price
- $295,000 (23.7% price cut)
- Listed on
- Feb 23, 2026
- Days on market
- 197
- Listing terms
- Cash
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
- High
- Ephrata High SchoolSchoolDigger 1 star · Top 73% in WA

Listing provided courtesy of: Laura Mounter Real Estate
Listing agent: Danny Zavala.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-17.