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$250,000
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Property Description
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!
Full Property Details
Full Property Details for 40 Cherry St S
General
- Sold For: $250,000
- Taxes: $1,961 (2026)
- Status: Closed
- Type: Single Family
- Source: NWMLS
- MLS ID: 2554379
- Added to Site: 96 day(s) ago
Interior
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, French Doors, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Appliances: Dishwasher(s), Double Oven, Refrigerator(s), Stove(s)/Range(s)
- Flooring: Concrete, Vinyl, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Upper - Full Baths: 1
- Main Floor Baths: 2
- Main - 1/2 Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Upper: 1
- Bedrooms Lower: 2
- Bedrooms Main: 1
Parking
- Garage: Yes
- Attached garage: Yes
- Covered Spaces: 2
- Uncovered Spaces: 8
- Parking Features: Attached Garage
Location
- Area: 291 - North Central Grant County
- County: Grant
- Subdivision: Soap Lake
- Building Name: Cottage City
- Driving Directions: Heading north on Daisy/Hwy 17 into Soap Lake, turn left on 2nd Ave then right on Cherry.
- Direction Faces: West
School Information
- High School District: Soap Lake
- Elementary School: Soap Lake Elem
- Middle School: Soap Lake Mid & High
- High School: Soap Lake Mid & High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air, Heat Pump
- Water Heater: Electric
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: House
- Exterior Const.: Wood Products
- Basement Desc.: Finished
- Foundation: Poured Concrete
- Roof: Metal
- Entry Location: Main
- Square Feet: 2,323
- Finished Total: 2,323 Sq. Ft.
- Year Built: 1994
- Property Condition: Average
Lot Features
- Property View: Territorial
- Lot Size (Acres): 0.203
- Lot Size (Sq. Ft.): 8,844
- Lot Size Source: County Records
- Lot Dimensions: 102 x 87
- Topography: Level
- Lot Features: Alley, Paved
Financial Considerations
- Tax Amount: $1,961
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Double Oven, Refrigerator(s), Stove(s)/Range(s)
- Property ID: 80207001
- Block: 3
- Lot Number: Lot 17 & South 40 feet of Lot 18
Listed by Raymond Gravelle | Keller Williams Columbia Basin | (509) 458-4000
Sold by Andrew Paul Muhs | John L. Scott Wenatchee
Get Pre-Approved Today
Schools
Schools serving 40 Cherry St S
School District:Soap Lake School District
| Name | Grades | Distance |
|---|---|---|
Soap Lake Elementary School 410 Ginkgo Street South, Soap Lake, WA 98851 | PK-5 | 0.4 mi |
Soap Lake Middle & High School 527 2nd Avenue Southwest, Soap Lake, WA 98851 | 6-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Cherry St S
Date
Details
Price
Change
Source
10/02/2026
Sold
$250,000
-8.76%
MLS
8/24/2026
Price Reduced
$274,000
-1.79%
MLS
8/12/2026
Price Reduced
$279,000
-3.12%
MLS
8/03/2026
Price Reduced
$288,000
-3.36%
MLS
7/27/2026
Price Reduced
$298,000
-0.33%
MLS
7/17/2026
Listed
$299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
40 Cherry Street S, Soap Lake, WA 98851 (MLS# 2554379) is a Single Family property that was sold at $250,000 on October 02, 2026. Want to learn more about 40 Cherry Street S? Do you have questions about finding other Single Family real estate for sale in Soap Lake? You can browse all Soap Lake real estate or contact a Coldwell Banker agent to request more information.

