40 Cherry Street S, Soap Lake, WA 98851 (MLS # 2554379)
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Listing provided courtesy of Northwest MLS; Keller Williams Columbia Basin
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MOTIVATED SELLER. 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 | 8/12/2026 | TRACT | Soap Lake |
|---|---|---|---|
| YEAR BUILT | 1994 | COMMUNITY | Soap Lake |
| COUNTY | Grant | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| 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 - Aug 12, '26 | $288,000 |
| Aug 12, '26 - Today | $279,000 |
| 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 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
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 8/21/26 3:30 AM 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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