Property Details
30 Cherry Street S #30
Soap Lake, WA 98851
$350,000
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Property Overview
Dreaming of living in a cottage by the lake or running your own short term rentals. Close to the shores of scenic Soap Lake, downtown, restaurants and shopping are 4 sunny little cottages with a large 200ft/2 storage shed with room to expand. Enjoy the whimsically decorated private space for yourself or guests where everyone can have their own space. Each cottage has a kitchenette bathroom and living space. Must see, especially if you are thinking about starting or building your multifamily portfolio.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grant
Neighborhood
Soap Lake
Listed
Apr 10, 2026
Financial Summary
Cap Rate
4.51%
Net Operating Income
$15,785
Gross Scheduled Income
$26,100
Gross Rent Multiplier
13.40
Total Expenses
$15,294
Vacancy Rate
8.0%
Building & Use
Building Sq Ft
1,164
Leasable Area
1,226 sqft
Total Units
4
Lot Size
9,997 sqft
Year Built
1936
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1936
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Community Golf Course, Paved
Exterior Features
Wood Products
Location
City
Soap Lake
County
Grant
Coordinates
47.38820, -119.49351
Additional Information
Tax Year
2026
Annual Taxes
$1,294
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
