11 E Main St Soap Lake, WA 98851
Estimated payment $2,883/month
Highlights
- Lake View
- No HOA
- Baseboard Heating
- Corner Lot
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2288749
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
Bedrooms and Bathrooms
- 2 Bedrooms
- 6 Bathrooms
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2288749
APN: 080388000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.
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