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. Minimum 48 hour notice for interior showings.
The median home value in Soap Lake, WA is $352,500. This is higher than the county median home value of $328,000. The national median home value is $338,100. The average price of homes sold in Soap Lake, WA is $352,500. Approximately 45.71% of Soap Lake homes are owned, compared to 24.76% rented, while 29.53% are vacant. Soap Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Soap Lake real estate agent to arrange a tour today!
Soap Lake, Washington has a population of 1,333. Soap Lake is less family-centric than the surrounding county with 28.95% of the households containing married families with children. The county average for households married with children is 31.84%.
The median household income in Soap Lake, Washington is $36,767. The median household income for the surrounding county is $63,566 compared to the national median of $69,021. The median age of people living in Soap Lake is 43.3 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 8.3 inches per year, with 23.4 inches of snow per year.