68 W State Highway 28, Soap Lake, WA 98851
Listed by:Windermere RE K-2 Realty • Jay P. Kincaid
Bought with: Windermere RE K-2 Realty

$850,000

Est. payment /mo

$969,000

12.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

68 W State Highway 28 Soap Lake, WA 98851

2 Baths

6,192 SqFt

SOLD DATE : 07/10/2026

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,192 sqft

Price per Sqft $137

Subdivision Soap Lake

MLS Listing ID 2495457

Sold Date 07/10/26

Style 56 - 10+ Units

Year Built 1947

Annual Tax Amount $1,865

Lot Size 0.689 Acres

Lot Dimensions 37500

Property Sub-Type Multi Family

Property Description

Located between Ephrata and Soap Lake, this exceptional investment opportunity features 14 studio units between $700-$875 per month, along with an additional rental storage space generating $200 per month. Exterior of the property was repainted in 2025. Tenants enjoy the convenience of all utilities included—water, garbage, and power—making these units highly attractive and easy to maintain. Soap Lake is situated along the southern shore of its namesake lake, and has long been known as a tourist destination, drawing visitors for its unique, mineral-rich waters and their reputed healing properties. This steady influx of visitors and long-term residents alike supports strong rental demand in the area.

Location

State WA

County Grant

Area 291 - North Central Grant County

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Amenities Available Cable TV, High Speed Internet

View Y/N Yes

View City, Territorial

Roof Type Composition

Building

Lot Description Paved

Sewer Septic Tank

Water Community

New Construction No

Schools

School District Soap Lake

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP


Northwest MLS (NWMLS)

Nearby Locations

Kathleen Facey
Kathleen Facey

Broker Associate License ID: 26961

+1(425) 327-2121 | kathleen@teamfacey.com

GET MORE INFORMATION

Name
Phone*
Message