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$1,099,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 68 W State Hwy 28
General
- Price: $1,099,000
- Taxes: $1,865 (2026)
- Status: Active
- Type: Business
- Source: NWMLS
- MLS ID: 2497718
- Updated: 3/25/2026
- Added to Site: 4 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Location
- Area: 291 - North Central Grant County
- County: Grant
- Subdivision: Soap Lake
- Driving Directions: State Highway 28, between Soap Lake and Ephrata, property is on the west side of Highway 28.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall Unit(s)
- Heating Type: Radiator
Utilities
- Sewer: Septic Tank
- Water: Community
Structural Information
- Structure Type: Unspecified
- Exterior Const.: Wood Products
- Foundation: Concrete Ribbon
- Roof: Composition
- Year Built: 1947
- Property Condition: Fair
Lot Features
- Lot Size (Acres): 0.6887
- Lot Size (Sq. Ft.): 30,000
- Lot Size Source: County Records
- Lot Dimensions: 37500
- Zoning: Multi-Family
Financial Considerations
- Tax Amount: $1,865
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 81202000
- Block: 8
- Lot Number: 6 & 7 & Parts of Lot8
Listed by Jay P. Kincaid | Windermere RE K-2 Realty | (509) 765-3337
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Schools
Schools serving 68 W State Hwy 28
School District:Soap Lake School District
| Name | Grades | Distance |
|---|---|---|
Soap Lake Elementary School 410 Ginkgo Street South, Soap Lake, WA 98851 | PK-5 | 0.6 mi |
Soap Lake Middle & High School 527 2nd Avenue Southwest, Soap Lake, WA 98851 | 6-12 | 0.8 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 68 W State Hwy 28
Date
Details
Price
Change
Source
3/23/2026
Listed
$1,099,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 68 W State Hwy 28
68 W State Highway 28, Soap Lake, WA 98851 (MLS# 2497718) is a Business property. 68 W State Highway 28 is currently listed for $1,099,000 and was received on March 23, 2026. Want to learn more about 68 W State Highway 28? Do you have questions about finding other Business 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.

