68 W Hwy 28 - Apartments FOR SALE


Soap Lake, WA 98851
$1,099,000 USD
509-989-3309
68 W Hwy 28, Soap Lake, WA for Sale
$1,099,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

68 W Hwy 28
Soap Lake, WA 98851


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

14

PRICE/UNIT

$78,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

city

APN/PARCEL ID

081202000

ASK ABOUT THIS PROPERTY

Jay KincaidWindermere Real Estate K-2 RealtyMore Info
509-989-3309

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Jay KincaidWindermere Real Estate K-2 RealtyMore Info
509-989-3309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.