Rockhood
$274,000List price
4 bed · 2.5 bath · 2,323 sq ft
Pending

40 Cherry Street S · Soap Lake, WA 98851

Source: NWMLS · Keller Williams Columbia Basin · Raymond Gravelle #NWM2554379

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!

Location

Basics

Property type
Single Family Residence
Style
Traditional
Stories
One and one half
Condition
Average
Year built
1994
Lot size
8,844 sq ft (0.2 acres)
County
Grant
MLS #
NWM2554379

Interior

Heating
Forced Air, Heat Pump
Cooling
Central Air
Flooring
Concrete, Vinyl, Carpet
Appliances
Dishwasher, Double Oven, Refrigerator, Stove(s)/Range(s)
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
Entry level
Main

Exterior & lot

Exterior features
Wood Products
Roof
Metal
Foundation
Poured Concrete
Lot features
Alley, Paved
Topography
Level
View
Territorial
Waterfront
No

Parking

Parking spaces
10
Garage
Yes (attached)
Covered spaces
2
Parking features
Attached Garage

Utilities

Water
Public
Sewer
Sewer Connected
Power
Electric

Community & fees

Subdivision
Soap Lake
Property tax
$1,961 (2026)

Transaction

Original list price
$299,000 (8.4% price cut)
Listed on
Jul 17, 2026
Days on market
46
Price per sq ft
$118
Listing terms
Cash, Conventional, FHA, USDA Loan, VA Loan
Possession
Closing

More homes nearby

Schools

School district: Soap Lake

Elementary
Soap Lake Elem
Middle
Soap Lake Mid & High

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Listing provided courtesy of: Keller Williams Columbia Basin

Listing agent: Raymond Gravelle.

Based on information submitted to the MLS GRID as of . 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 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. Information is deemed reliable but not guaranteed.

Data last updated 2026-09-16.