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.
Sold
Listed by: Windermere RE K-2 Realty • Jay P. Kincaid
Bought with: Windermere RE K-2 Realty
Zestimate®
$850,000
68 W State Highway 28, Soap Lake, WA 98851
--beds
2baths
6,192sqft
Multi Family
Built in 1947
-- sqft lot
$850,000 Zestimate®
$137/sqft
$1,141 Estimated rent
Home value
$850,000
$791,000 - $910,000
$1,141/mo
Zestimate® history
Owner options
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$1,141/mo
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$1,141/mo
Rent Zestimate®
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$5,356/mo
Est. payment
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$5,356/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jay P. Kincaid,
Windermere RE K-2 Realty
Bought with:
Jay P. Kincaid, 105228
Windermere RE K-2 Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2495457
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
Heating
- Radiator, Electric, Oil
Cooling
- Wall Unit(s)
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 6,192
- Total interior livable area: 6,192 sqft
Property
Features
- Has view: Yes
- View description: City, Territorial
Lot
- Size: 0.69 Acres
- Dimensions: 37500
- Features: Paved, Cable TV, High Speed Internet
Details
- Parcel number: 081202000
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Concrete Ribbon
- Roof: Composition
Condition
- Fair
- Year built: 1947
- Major remodel year: 1947
Utilities & green energy
- Electric: Company: Grant County PUD
- Sewer: Septic Tank
- Water: Community, Company: Lakeview Water Park
- Utilities for property: Vyve, Vyve
Community & HOA
Community
- Subdivision: Soap Lake
Location
- Region: Soap Lake
Financial & listing details
- Price per square foot: $137/sqft
- Annual tax amount: $1,865
- Date on market: 5/20/2026
- Cumulative days on market: 63 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Sold | $850,000-12.3%$137/sqft |
Source:  NWMLS as distributed by MLS GRID #2495457 Report a problem | ||
| 5/17/2026 | Pending sale | $969,000$156/sqft |
Source: NWMLS as distributed by MLS GRID #2495457 Report a problem | ||
| 5/1/2026 | Price change | $969,000-3%$156/sqft |
Source: NWMLS as distributed by MLS GRID #2495457 Report a problem | ||
| 4/7/2026 | Price change | $999,000-9.1%$161/sqft |
Source: NWMLS as distributed by MLS GRID #2495457 Report a problem | ||
| 3/23/2026 | Listed for sale | $1,099,000+57.2%$177/sqft |
Source: NWMLS as distributed by MLS GRID #2495457 Report a problem | ||
| 12/6/2019 | Listing removed | $699,000$113/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 6/3/2019 | Listed for sale | $699,000$113/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 11/16/2018 | Pending sale | $699,000$113/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 6/7/2017 | Price change | $699,000+40.1%$113/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 4/23/2015 | Listed for sale | $499,000+11.1%$81/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 4/15/2014 | Listing removed | $449,000$73/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 10/15/2013 | Price change | $449,000-10%$73/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 6/7/2013 | Listed for sale | $499,000+187.1%$81/sqft |
Source: Windermere Real Estate K-2 Realty LLC #364475 Report a problem | ||
| 12/15/2010 | Sold | $173,800$28/sqft |
Source: NWMLS as distributed by MLS GRID #159077 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98851
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Nearby schools
GreatSchools rating
- 3/10Soap Lake Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 2/10Soap Lake Middle & High SchoolGrades: 7-12Distance: 0.8 mi
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- Washington
- Grant County
- Soap Lake
- 98851
- 68 W State Highway 28
Nearby cities
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