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
308
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: Sep 18, 2025 12:41 | Listing last modified Sep 01, 2025 11:02,
Source:
Download our Mobile app
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
308
308
08-01-2025
Cash Out, Conventional
$525,000
$525,000
$485,000
Sep 01, 2025 11:02
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.