Off market since Sep 2026

Off market since Sep 2026 Home

Listed Jul 17, 2026

$274,000

40 Cherry Street South

  • 4

    Beds

  • 3

    Baths

  • 2,323

    Sq ft

The story

  • Basement

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!

Facts & features

Home type

Home

Year built

1994

Price per sq ft

$118

Included features

  • Basement

    Yes

  • Cooling

    Ceiling Fan(s), Central Air

  • Heating

    Electric, Forced Air, Heat Pump

  • Appliances

    Dishwasher, Double Oven, Refrigerator, Electric Water Heater, Water Heater

  • Flooring

    Concrete, Vinyl, Carpet

  • Roof

    Metal

  • Lot Information

    Level, Paved

  • Water Source

    Public

Listing Broker

Keller Williams Columbia Basin

Broker Name

Keller Williams Columbia Basin

Agent

Raymond Gravelle

Location

Ephrata WA 98823