Listed by Keller Williams Columbia Basin, Bought with eXp Realty
$485,000
SOLD AUG 1, 2025

11 E Main St Soap Lake, WA 98851

-- Bed
-- Bath
1,820 Sq Ft
0.29 Acres

Recently Sold

$266 Per Sq Ft

8% Below List Price

Highlights

  • Lake View
  • No HOA
  • Baseboard Heating
  • Corner Lot

About This Home

As of August 2025

Did you know you can get a loan based on rent income, not your income - DSCR Loans. This property's ratio: 1.38 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.

Last Agent to Sell the Property

Kim Randolph-Meaney

Keller Williams Columbia Basin License #110775 Listed on: 09/12/2024

Keller Williams Columbia Basin

Last Buyer's Agent

Ben Sellen

eXp Realty License #129465

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2288749

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,181

Year Built

  • Built in 1940

Lot Details

  • 0.29 Acre Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 1,820 Sq Ft Home
  • 2-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Lake Views

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Soap Lake Elementary School
  • Soap Lake Mid & High Middle School
  • Soap Lake Mid & High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Soap Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 080388000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,181

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1940
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1820
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family, Residential, Retail
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition, Metal
  • View: Lake
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: Insert
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Grant County PUD
  • SewerCompany: City of Soap Lake
  • WaterCompany: City of Soap Lake
  • WaterSewerGarbage: 8916

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Soap Lake
  • High School: Soap Lake Mid & High
  • Middle Or Junior School: Soap Lake Mid & High

Lot Info

  • Parcel Number: 080388000
  • Lot Size Acres: 0.2899
  • Lot Size Sq Ft: 12629
  • Zoning Description: Commercial,Multi-Family,Residential,Retail
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Grant County Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 8.41
  • LeasedItems: None
  • TotalMonthlyIncome: 5200

Multi Family

  • Gross Scheduled Income: 62400
  • Net Operating Income: 46042
  • Number Of Units Total: 6
  • Electric Expense: 2400
  • Insurance Expense: 3861
  • Leasable Area: 3860
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1181

MLS Schools

  • Elementary School: Soap Lake Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Aug 1, 2025
Sold by
Dtm Enterprises Llc
Bought by
Miller Shawn M and Miller Sivada
Seller's Agent
Kim Randolph-Meaney
Keller Williams Columbia Basin
Buyer's Agent
Ben Sellen
eXp Realty
List Price
$525,000
Sold Price
$485,000
Premium/Discount to List
-$40,000
-7.62%
Views
506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.79%
Original Mortgage
$385,000
Outstanding Balance
$379,596
Interest Rate
6.81%
Mortgage Type
Seller Take Back
Estimated Equity
$106,957

Purchase Details

Closed on
Feb 28, 2019
Sold by
Martin Daniel T and Martin Bobbie Jo
Bought by
Dtm Enterorises Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $485,000 Stewart Title Company
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $385,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2025 08/01/25 Sold $485,000 -3.0% $266 / Sq Ft
07/17/2025 07/17/25 Pending -- -- --
03/21/2025 03/21/25 Price Changed $499,950 -4.8% $275 / Sq Ft
09/12/2024 09/12/24 For Sale $525,000 -- $288 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,209 $124,026 $50,516 $73,510
2023 $1,181 $124,025 $50,515 $73,510
2022 $1,236 $124,025 $50,515 $73,510
2021 $1,237 $124,025 $50,515 $73,510
2020 $1,330 $119,890 $50,515 $69,375
2019 $1,191 $124,590 $55,215 $69,375
2018 $1,606 $124,955 $28,535 $96,420
2017 $1,530 $124,955 $28,535 $96,420
2016 $1,439 $114,330 $28,535 $85,795
2013 -- $97,300 $14,400 $82,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2288749

Northwest Multiple Listing Service (NWMLS)

APN: 080388000