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.
Sold
Listed by:
Kim Randolph Meaney,
Keller Williams Columbia Basin
$485,000
11 E Main Street, Soap Lake, WA 98851
--beds
--baths
1,820sqft
Multi Family
Built in 1940
-- sqft lot
$485,000 Zestimate®
$266/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 04:33pm
Listed by:
Kim Randolph Meaney,
Keller Williams Columbia Basin
Bought with:
Ben Sellen, 129465
eXp Realty
Source: NWMLS,MLS#: 2288749

Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Insert
Features
- Has fireplace: No
Interior area
- Total structure area: 1,820
- Total interior livable area: 1,820 sqft
Property
Parking
- Total spaces: 12
- Parking features: Open
- Uncovered spaces: 12
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.29 Acres
- Features: Corner Lot, Paved, Sidewalk
Details
- Parcel number: 080388000
- Zoning description: Commercial,Multi-Family,Residential,Retail,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition,Metal
Condition
- Good
- Year built: 1940
- Major remodel year: 2000
Utilities & green energy
- Electric: Company: Grant County PUD
- Sewer: Sewer Connected, Company: City of Soap Lake
- Water: Community, Company: City of Soap Lake
Community & neighborhood
Location
- Region: Soap Lake
- Subdivision: Soap Lake
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 309 days
Services availability

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