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Listing courtesy of NWMLS
11 E Main Street
Soap Lake, WA 98851
Aug 2025
SOLD
$485,000
$275 / Sqft
1,820
Sqft 0.29
Acres
1940
Yr. Built
MLS# 2288749
Cumulative Days on Market: 715
· Includes prior listings
· Currently listed since 09/12/24
· Data provided by the MLS.
Property Description
Did you know you can get a loan based on rent income, not your income - DSCR Loans. This property's ratio: 1.38 Discover a Prime Investment Opportunity in the heart of Soap Lake, Wa. This property offers an unique blend of multi-family residential and commercial space and is perfect for investors. This versatile property comprises of one Commercial space, 2 Single Bedroom units, and 3 Studio Apartments; 100% occupancy for numerous years, with commercial tenant approaching 20 years - residential tenants are on month to month basis, but would love to continue tenancy. The property is positioned at the intersection of Division and Main, and enjoys a coveted corner location within walking distance to the beach and parks.
Listing Broker: Keller Williams Columbia Basin
Property Highlights
Sold Price
485000
Property Type
Residential Income
Property Sub Type
Multi Family
Acres
0.29
Year Built
1940
Condition
Good
Cumulative Days On Market
308
Location
Area
291 - North Central Grant County
City/Township
Soap Lake
View
Lake
Subdivision
Soap Lake
County
Grant
Zoning Description
Commercial, Multi-Family, Residential, Retail
Property Details
Price
$499,950
Sold Price
485000
Condition
Good
Property Type
Residential Income
Property Sub Type
Multi Family
Building
Structure Type
Multi Family
Stories
2
Total Area
1,820
Community
Local Schools
Elementary School
Soap Lake Elem
Middle School
Soap Lake Mid & High
High School
Soap Lake Mid & High
School District
Soap Lake
Interior Features
Area and Spaces
Number of Units
6
Heating and Cooling
Heating Features
Baseboard
Building Details
Construction
Year Built
1940
Foundations
Poured Concrete
Materials
Construction Materials
Wood
Roof
Composition, Metal
Terms
Commercial
Cap Rate
8.76
Terms
Special Conditions
None
Special Terms
Cash Out, Conventional
Cumulative Days On Market
308
Taxes
Tax
Tax (Annual)
$1,181
Heating, Cooling & Utilities
Cooling Features
Insert
Utilities
Sewer
Sewer Connected
Water Source
Community
Lot
Acres
0.29
Lot Size Area Sq Ft
12,629
Lot Features
Corner Lot, Paved, Sidewalk
Exterior Features
Exterior Features
Wood Products
Parking
Total Parking Spaces
12
Listing Data last updated 10/13/2026 11:40 am
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Property History
25 days ago
Property information last updated
277 days ago
Date of last price change
438 days ago
Date Sold
761 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 715 days (includes prior listings)
· Currently listed since September 12, 2024.
Data provided by the MLS.
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