Skip main navigation
Active
    • Listed by: Keller Williams Columbia Basin • Raymond Gravelle
    Price cut: $1K (7/27)
    $298,000

    40 Cherry Street S, Soap Lake, WA 98851

    4beds
    2,323sqft
    : 
    $1,819/mo
    Get pre-qualified
    Single Family Residence
    Built in 1994
    8,842 Square Feet Lot
    $-- Zestimate®
    $128/sqft
    $-- HOA

    What's special

    Walk-in closetJetted bathtubAbundant cabinet spaceBrand-new carpet
    Unrivaled Investment Opportunity near the legendary Soap Lake! Famous worldwide for its mineral-rich, healing waters and rejuvenating muds, Soap Lake draws visitors seeking wellness and relaxation year-round—making this property to be potential goldmine for short-term rentals, Airbnbs, or multi-family leasing.Zoned R2 for multiple dwellings, this 8,999 sq ft property is ready to maximize your ROI. The main home boasts a spacious living room with a wall of windows & cathedral ceilings, brand-new carpet, alongside a chef’s kitchen with double wall ovens, abundant cabinet space. Retreat to the primary suite, complete with a private balcony, walk-in closet, and a jetted bathtub. The basement adds value with newly installed egress windows for the 2 bedrooms + flexible bonus spaces, larger 2-car garage with built-in workbenches.The Expansion Potential: • An existing 864 sq ft building shell is already plumbed and framed, ready to be converted into an income-generating unit. • Room to build 1 to 2 additional units on the lot. • Peace of mind with a brand-new water line from the street to the house.Located just moments from local schools and the therapeutic beaches of Soap Lake, this property perfectly blends high-yield investment potential with the draw of a historic wellness destination. Schedule your tour today and cash in on the magic of Soap Lake!
    10 days
    |
    438
    |
    18
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Raymond Gravelle,

    Keller Williams Columbia Basin

    Source: NWMLS as distributed by MLS GRID,MLS#: 2554379MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Second
      Bedroom
      • Level: Lower
      Bedroom
      • Level: Lower
      Bedroom
      • Level: Main
      Bathroom full
      • Level: Second
      Bathroom full
      • Level: Main
      Other
      • Level: Main
      Bonus room
      • Level: Lower
      Den office
      • Level: Lower
      Dining room
      • Level: Main
      Entry hall
      • Level: Main
      Kitchen with eating space
      • Level: Main
      Living room
      • Level: Main
      Utility room
      • Level: Main
      Heating
      • Forced Air, Heat Pump, Electric
      Cooling
      • Has cooling: Yes
      Appliances
      • Included: Dishwasher, Double Oven, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Refrigerator(s), Water Heater: Electric, Water Heater Location: Basement
      Features
      • Bath Off Primary, Ceiling Fan(s), Dining Room
      • Flooring: Concrete, Vinyl, Carpet
      • Doors: French Doors
      • Windows: Dbl Pane/Storm Window
      • Basement: Finished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,323
      • Total interior livable area: 2,323 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Attached Garage
      • Has attached garage: Yes
      • Covered spaces: 2
      • Uncovered spaces: 8
      Features
      • Levels: One and One Half
      • Stories: 1
      • Entry location: Main
      • Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, French Doors, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 8,842 Square Feet
      • Dimensions: 102 x 87
      • Features: Paved
      • Topography: Level
      Details
      • Parcel number: 080207001
      • Zoning: R2
      • Zoning description: Jurisdiction: City
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional,1 1/2 Story
      • Property subtype: Single Family Residence
      Materials
      • Wood Products
      • Foundation: Poured Concrete
      • Roof: Metal
      Condition
      • Average
      • Year built: 1994
      • Major remodel year: 1994

      Utilities & green energy

      • Electric: Company: Grant County PUD
      • Sewer: Sewer Connected, Company: City of Soap Lake
      • Water: Public, Company: City of Soap Lake

      Community & HOA

      Community
      • Subdivision: Soap Lake
      Location
      • Region: Soap Lake

      Financial & listing details

      • Price per square foot: $128/sqft
      • Tax assessed value: $61,796
      • Annual tax amount: $1,961
      • Date on market: 7/16/2026
      • Cumulative days on market: 13 days
      • Listing terms: Conventional,FHA,USDA Loan,VA Loan
      • Inclusions: Dishwasher(s), Double Oven, Refrigerator(s), Stove(s)/Range(s)

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/27/2026Price change$298,000-0.3%$128/sqft
        Source: NWMLS as distributed by MLS GRID #2554379 Report a problem
        7/18/2026Listed for sale$299,000+49.5%$129/sqft
        Source: NWMLS as distributed by MLS GRID #2554379 Report a problem
        6/2/2023Sold$200,000$86/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$592 +8.7%$61,796 +12.3%
        2023$544 -5.5%$55,040 -7.8%
        2022$576 -4.4%$59,690
        2021$602 -74.5%$59,690 -74%
        2020$2,361 $229,735 -6.2%
        2019$2,361 -7%$244,965 +2.4%
        2018$2,539 -17.2%$239,220 -2%
        2017$3,065 $243,995 +14.6%
        2016$3,065 +14.7%$212,915 +7.9%
        2013$2,672 $197,320 +22.1%
        2011-- $161,605
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 98851

        Getting around

        31 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Soap Lake Elem
        • Middle: Soap Lake Mid & High
        • High: Soap Lake Mid & High

        Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby zip codes

              Other Soap Lake Topics

                Search
                Updates
                Favorites
                Plan
                Inbox