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40 Cherry Street S, 
Soap Lake, WA 98851

$299,000

4

Beds

3

Baths

2,323

Sq Ft

Single Family

Active

Listed by

Raymond Gravelle

Keller Williams Columbia Basin

Last updated:

July 22, 2026, 11:10 AM

MLS#

2554379

Source:

NWMLS

About This Home

40 Cherry Street S

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!

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1994

Price Summary

299,000

$128 per Sq. Ft.

MLS #:

2554379

Last Updated:

July 22, 2026, 11:10 AM

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

2,323 Sq. Ft.

Structure

Structure

Architectural Style:

Traditional

Building Area:

2,323 Sq. Ft.

Year Built:

1994

Lot

Lot Size (Sq. Ft):

8,844

Finances & Disclosures

Finances

Price:

$299,000

Price per Sq. Ft:

$128 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 22, 2026. 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 is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.