Listing Agency: Keller Williams Columbia Basin r***@hotmail.com Show Phone

Listed By: Raymond Gravelle · License #WA 104264

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 12:06AM

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Investment Insights

Based on property information with market context.

The Lake Apts is a multifamily apartment building offering 12 recently remodeled studio units, along with a newer roof. The property also includes 2 units currently ready for finish remodeling. Public remarks indicate that a fire destroyed 14 other units a couple of years ago, but the foundation and utilities are reportedly in place for an easier rebuild.

The offering includes a back fenced area with a two-car garage. The remarks also note that permitting is described as being straightforward per the city.

Rents reportedly include WSG, and the listing remarks include owner financing as an option.

Key Highlights

• 12 recently remodeled studio apartments in Soap Lake, WA
• Newer roof and WSG included with rents
• Back fenced area included, plus a 2‑car garage

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Repair Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

Turnkey business

Opportunity

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

138

Businesses Nearby

Explore this area Business Placement

Demographics for 98851, WA

4,472

Population

2,078

Households

2.2

Avg Household Size

46

Median Age

15%

College-Educated

86%

High-School Grad

146.1 sq mi

ZIP Area

31

Density / Sq Mi

$67,009

Median Household Income

$35,124

Median Earnings

$902

Median Rent

$240,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with 12 recently remodeled studio units, newer roof, and additional fenced lot with two-car garage.

Where is this apartment building located?

The property is located at 322 Daisy St S Soap Lake, WA.

What are key features of this property?

This property features: 12 recently remodeled studio apartments in Soap Lake, WA; Newer roof and WSG included with rents; Back fenced area included, plus a 2‑car garage