Property Photo: 68 W State Highway 28 WA 98851

Sold

Listing Courtesy of:

Northwest MLS as distributed by MLS GRID / Listed By: Jay Kincaid, Windermere Real Estate K-2 Realty LLC / Bought By: Jay P. Kincaid, Windermere Re K-2 Realty

68 W State Highway 28 Soap Lake, WA 98851

Sold on 07/10/2026

$850,000 ^(USD)

6,192

SQFT

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Description

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 Date:
07/10/2026

Taxes
$1,865(2026)

Lot Size
0.69 acres

Type
Multifamily

Building Name
Lakeview Park

Year Built
1947

Style
10+ Units

Views
City, Territorial

School District
Soap Lake

County
Grant County

Community
Soap Lake

Listed By

Jay Kincaid, Windermere Real Estate K-2 Realty LLC

Bought with
Jay P. Kincaid, Windermere Re K-2 Realty

Source
Northwest MLS as distributed by MLS Grid
Last checked Sep 7 2026 at 6:19 PM GMT+0000

Bathroom Details

Subdivision

Soap Lake

Lot Information

Paved

Property Features

Cable Tv
High Speed Internet
Fireplace: 0
Foundation: Concrete Ribbon

Heating and Cooling

Radiator

Flooring

Vinyl
Carpet

Exterior Features

Wood Products
Roof: Composition

Utility Information

Sewer: Septic Tank
Fuel: Electric, Oil

Listing Price History

Date

Event

Price

% Change

$ (+/-)

May 01, 2026

Price Changed

$969,000

-3%

-$30,000

Apr 07, 2026

Price Changed

$999,000

-9%

-$100,000

Mar 23, 2026

Listed

$1,099,000

Additional Listing Info

Buyer Brokerage Compensation: 2%

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Disclaimer: IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS, if any, and as amended from time to time.

Based on information submitted to the MLS GRID as of 9/7/2026 18:19. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.