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68 W State Highway 28 Soap Lake, WA $ 969,000
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$ 969,000 Get more info
68 W State Highway 28
$ 969,000
Back to search
Share Save

68 W State Highway 28

Soap Lake, WA, 98851
$ 969,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,966

Listed by Windermere RE K-2 Realty
68 W State Highway 28, Soap Lake, WA 98851 - Image 1
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68 W State Highway 28, Soap Lake, WA 98851 - Image 8
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68 W State Highway 28, Soap Lake, WA 98851 - Image 11
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68 W State Highway 28, Soap Lake, WA 98851 - Image 17
68 W State Highway 28, Soap Lake, WA 98851 - Image 18

Commercial Property for sale in Soap Lake, WA

for $969,000. This building was built in 1947 on a lot size of 0.6887.

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.

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Commercial Pending

Price

$ 969,000

Property Type

Commercial

Taxes

$ 1,865

Style

Business Opp.

Lot Size

0.6887

Year Built

1947

Town/City

Soap Lake

County/Region

Grant

MLS | Web ID

2497718
Features
General
Living Area 0
Sewer Septic Tank
Heating Radiator
Cooling Wall Unit(s)
Possession Closing Negotiable
Roof Composition
HOA Fee 0
Year Built 1947
Property Subtype Commercial Industrial
Tax Year 2026
County Grant
Net Operating Income 116695
Insurance Expense 6960
Property Type Commercial Sale
HOA N
Subdivision Name Soap Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Feasibility
Directions State Highway 28 between Soap Lake and Ephrata property is on the west side of Highway 28.
City Soap Lake
Senior Community Y/N N
Zoning Description Multi-Family
Number Of Units Total 3
MLS Area 291 - North Central Grant County
Lot Size Units Square Feet
Lot Size Square Feet 30000
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 1865
Electric Expense 7800
Fuel Expense 0
Property Condition Fair
Public Remarks 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 mo
Structure Type Mixed Use
Building Area Units Square Feet
Standard Status Pending
Water Company Lakeview Water Park
Water Sewer Garbage 2280
Property Style 62 - Business Opp.
Cap Rate 12
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Exterior
Exterior Amenities Wood Products
Water Source Community
Total Parking 0
Foundation Details Concrete Ribbon
Building Area Total 0
Lot Dimensions 37500
Lot Size Acres 0.6887
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 0
Lot Number 6 & 7 & Parts of Lot8
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Oil
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2497718
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

$6,122
Per Month
97%
3%
0%
Monthly Principal & Interest
$5,966
Monthly Property Taxes
$155
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
258624 Elementary School
258775 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
5/1/2026$969,000 -3.00% Price Down
4/7/2026$999,000 -9.10% Price Down
3/25/2026$1,099,000 Listed Price

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68 W State Highway 28, Soap Lake, WA, 98851 is a Commercial Property for sale at $969,000 with a lot size of 0.6887. 68 W State Highway 28 was built in 1947. The property's zip code is 98851 which is in Soap Lake, WA

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