68 W State Highway 28 Soap Lake, WA $ 1,199,000
68 W State Highway 28
$ 1,199,000
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68 W State Highway 28

Soap Lake, WA, 98851
$ 1,199,000
Baths0.0 Sq 6,192

Monthly Estimate*

$ 8,375

Listed by Windermere RE K-2 Realty
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Studio

Multi-Family Home for sale in Soap Lake, WA

for $1,199,000. This 6,192 square foot home was built in 1947 on a lot size of 0.6887.

Located between Ephrata and Soap Lake, there are 14 units, plus a small rental storage space. 100% occupancy rate! Please note that there are 10 studio units @$725 each, 4 1-bedroom units @$775 and 1 storage unit for $200. Cable and power are included in rent.

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Multi-Family Active

Price

$ 1,199,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,243

Style

10+ Units

Lot Size

0.6887

Year Built

1947

Town/City

Soap Lake

County/Region

Grant

MLS | Web ID

2193185

Features
General
Interior Features Wall to Wall Carpet
Sewer Septic Tank
Heating Radiator
Cooling Wall Unit(s)
Possession Closing Negotiable
Roof Composition
Exterior Features Wood Products
HOA 0
Year Built 1947
View City Territorial
Property SubType Multi-Family
Tax Year 2023
Building Name Lakeview Park
County Grant
Net Operating Income 100317
Insurance Expense 7560
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Soap Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions State Highway 28 between Soap Lake and Ephrata property is on the west side of Highway 28.
City Soap Lake
Buyer Agent Compensation 2
View Y/N Y
Senior Community Y/N N
High School District Soap Lake
Open Parking Spaces 20
Total Units 3
MLS Area 291 - North Central Grant County
Lot Size Square Feet 30000
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name State Highway 28
Listing Terms Cash Out Conventional
Tax Annual Amount 3243
Electric Expense 7800
Fuel Expense 0
Property Condition Fair
Public Remarks Located between Ephrata and Soap Lake there are 14 units plus a small rental storage space. 100% occupancy rate! Please note that there are 10 studio units @$725 each 4 1-bedroom units @$775 and 1 st
Leasable Area 5808
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Storage
Water Company Lakeview Water Park
Units Below Grade false
Units In Building Total 15
Zoning Class Multi-Family
Water Sewer Garbage 2280
Property Style 56 - 10+ Units
Cap Rate 8.8
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Interior
Flooring Vinyl Carpet
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Living Area Units Square Feet
Power Production Type Electric Oil
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Exterior
Lot Features Paved
Water Source Community
Total Parking 20
Foundation Details Concrete Ribbon
Building Area Total 6192
Lot Dimensions 37500
Lot Size Acres 0.6887
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV High Speed Internet
Parking Uncovered Spaces 20
Lot Number 6 & 7 & Parts of Lot 8
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Internal Only
OriginalMLSID NWM2193185
Street Number 1 68
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* Excluded Features
List By
Jay P. Kincaid

Listing Agent

Windermere Re K-2 Realty

Broker

Affordability Calculator

$8,646
Per Month
97%
3%
0%
Monthly Principal & Interest
$8,375
Monthly Property Taxes
$270
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258604 Elementary School
257938 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2024$1,199,000 -7.77% Price Down
1/30/2024$1,300,000 Listed Price

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68 W State Highway 28, Soap Lake, WA, 98851 is a Multi-Family Home for sale at $1,199,000 with 6,192 sqft and a lot size of 0.6887. 68 W State Highway 28 is a studio with 0.0 baths and was built in 1947. The property's zip code is 98851 which is in Soap Lake, WA