$250,000
Listed at $274,0004 bd•2.5 ba•2,323 sq ft
40 Cherry Street S, Soap Lake, WA 98851
• Listed Jul 17, 2026
RexMont Market Signal for 40 Cherry Street S
Sold price on recordRexMont Market Signal $250,000
Closed sale price · as of October 2, 2026, the day it sold.
Estimate, not an appraisal.
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.
Your home value, prepared by the designated broker
Prepared by Adriano ToriFounder & Designated Broker · WA Lic. #27660Own a home near 40 Cherry Street S? This sale moved its value.
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Watching: Soap Lake $200K–$300K · 4+ bd
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Listing Broker: Keller Williams Columbia Basin; Raymond Gravelle; 509-771-0027; raymondgravelle@kw.com
Buyer Broker: John L. Scott Wenatchee
About this home
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!
Listed by Raymond Gravelle • Keller Williams Columbia Basin
Listing updated: October 5, 2026 at 07:48am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2554379
Open houses
No upcoming open houses scheduled for this property.
Around this home
Property details
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
- Finished basement
Kitchen
- Dishwasher
- Double Oven
- Refrigerator
- Stove(s)/Range(s)
Bedrooms
- 4 bedrooms total
- 1 on the main level
- 1 upstairs
- 2 on the lower level
Bathrooms
- 2 full bathrooms
- 1 half bathroom
- 2.5 bathrooms total (NWMLS count)
- 2 on the main level
Layout
- 1 1/2 Story
- 2,323 sq ft finished
- 625 sq ft garage
Flooring
- Concrete
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- Heat Pump heating
- Central Air cooling
Schools
Ratings via SchoolDiggerSoap Lake School District
- Soap Lake ElementaryPublic · Grades PK-6 · State rank 1,085 of 1,1381/10
- Soap Lake Mid & HighPublic · Grades Middle—
- Soap Lake Mid & HighPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Lot dimensions
- 102X87
- Topography
- Level
- Lot number
- Lot 17 & South 40 feet of Lot 18
- Zoning code
- R2
- Zoning jurisdiction
- City
- Faces
- West
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- Electric
- Water heater location
- Basement
- Power company
- Grant County PUD
- Water company
- City of Soap Lake
- Sewer company
- City of Soap Lake
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 2
- Showers
- 2
New construction
- Square footage source
- County Records
- Lot size source
- County Records
- Effective year built source
- Public Records
Manufactured home
- Land lease
- No
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Market pulse
Soap Lake is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 67 days.
Recent sales nearby
Within 1 mile · last 6 months$250,000 Sold
5 weeks ago
4 bd•2.5 ba•~2,323 sq ft•Single Family
40 Cherry Street S, Soap Lake, WA 98851
9%
Under list
77
Days on market
0.1 mi
Distance
$210,000 Sold
6 weeks ago
1 bd•0.75 ba•~882 sq ft•Single Family
419 4th Avenue NE, Soap Lake, WA 98851
7%
Under list
69
Days on market
0.6 mi
Distance
$386,000 Sold
6 weeks ago
3 bd•2 ba•~1,720 sq ft•Single Family
315 Buttercup Street, Soap Lake, WA 98851
2%
Over list
163
Days on market
0.3 mi
Distance
$334,000 Sold
3 months ago
3 bd•2 ba•~1,496 sq ft•Single Family
38 N Ginkgo Street, Soap Lake, WA 98851
0%
Over list
62
Days on market
0.3 mi
Distance
$349,000 Sold
3 months ago
4 bd•2 ba•~1,838 sq ft•Single Family
42 Dogwood Street, Soap Lake, WA 98851
0%
Over list
50
Days on market
0.1 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 12:01 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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