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 Provided Courtesy of Kim Randolph Meaney, Keller Williams Columbia Basin
General Information
NWM2288749
Multi-Family
197
DOM
0.29 acres
1820
1940
Commerc
Grant
Soap Lake Elem
Soap Lake Mid &
Soap Lake Mid &
Residential Incom
Multi-Family
Listing Provided Courtesy of Kim Randolph Meaney, Keller Williams Columbia Basin
Krishna Realty data last checked: Jun 10, 2025 19:31 | Listing last modified Mar 28, 2025 20:23,
Source:
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Residence Information
1820
Composition, Metal
55 - 5-9 Units
1940
Poured Concrete
Features and Utilities
Wood Products
Community
Sewer Connected
0
Financial
1181
Cash Out, Conventional
09-12-2024
Comparable Information
197
197
Cash Out, Conventional
$525,000
$525,000
Mar 28, 2025 20:23
Schools
Elementary : Soap Lake ElemN/ARatings Middle : Soap Lake Mid & N/ARatings High : Soap Lake Mid &N/ARatings
Map
Listing courtesy of Keller Williams Columbia Basin.
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.
