40 Cherry Street S, Soap Lake, WA 98851 (MLS # 2554379)

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Listing provided courtesy of Northwest MLS; Keller Williams Columbia Basin

PRICE $288,000
BEDS 4
BATHS 2.5
HOME SIZE 2,323 sqft
LOT SIZE 8,843 sqft
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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!

LAST UPDATED 8/3/2026 TRACT Soap Lake
YEAR BUILT 1994 COMMUNITY Soap Lake
COUNTY Grant STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Soap Lake Elem
Jr. High School Soap Lake Mid & High
High School Soap Lake Mid & High

PRICE HISTORY
Prior to Jul 27, '26 $299,000
Jul 27, '26 - Aug 3, '26 $298,000
Aug 3, '26 - Today $288,000


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Double Oven, Electric Water Heater, Refrigerator, Water Heater
AREA 291 - North Central Grant County
BASEMENT Finished, Yes
CONSTRUCTION Wood Siding
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air, Heat Pump
INTERIOR Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, French Doors, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
LOT 8843 sq ft
LOT DESCRIPTION Alley, Paved
LOT DIMENSIONS 102X87
MLS STATUS Active
PARKING Attached
STORIES 1.5
STYLE 11 - 1 1/2 Story
SUBDIVISION Soap Lake
TAXES 1961
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Territorial
WATER Public

SATELLITE VIEW



 
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/5/26 11:04 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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