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. Minimum 48 hour notice for interior showings.
Sold for $485,000
$485,000
11 Main Ave E, Soap Lake, WA 98851
5beds
3,860sqft
SingleFamily
Built in 1940
0.29 Acres Lot
$487,500 Zestimate®
$126/sqft
$2,952 Estimated rent
Home value
$487,500
$419,000 - $566,000
$2,952/mo
Zestimate® history
Owner options
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$2,952/mo
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$2,952/mo
Rent Zestimate®
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$3,054/mo
Est. payment
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$3,054/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Interior area
- Total interior livable area: 3,860 sqft
Property
Lot
- Size: 0.29 Acres
Details
- Parcel number: 080388000
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1940
Community & HOA
Location
- Region: Soap Lake
Financial & listing details
- Price per square foot: $126/sqft
- Tax assessed value: $124,026
- Annual tax amount: $1,174
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Sold | $485,000-7.6%$126/sqft |
Source: Public Record Report a problem | ||
| 12/12/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/13/2024 | Listed for sale | $525,000$136/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,174 -2.9% | $124,026 |
| 2023 | $1,209 +2.3% | $124,026 +0% |
| 2022 | $1,181 -4.4% | $124,025 |
| 2021 | $1,236 -0.1% | $124,025 +3.4% |
| 2020 | $1,237 | $119,890 -3.8% |
| 2019 | $1,237 -7% | $124,590 -0.3% |
| 2018 | $1,330 -17.2% | $124,955 |
| 2017 | $1,606 | $124,955 +9.3% |
| 2016 | $1,606 +11.6% | $114,330 +17.5% |
| 2013 | $1,439 | $97,300 |
| 2011 | -- | $97,300 |
Find assessor info on the county website
Neighborhood: 98851
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Nearby schools
GreatSchools rating
- 3/10Soap Lake Elementary SchoolGrades: PK-6Distance: 3.9 mi
- 2/10Soap Lake Middle & High SchoolGrades: 7-12Distance: 3.9 mi
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- Washington
- Grant County
- Soap Lake
- 98851
- 11 Main Ave E
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