1402 E Cherry Street Seattle WA 98122 MLS #NWM2397715

Listing Provided Courtesy of WPI Real Estate Services, Inc.
Exceptional 10-unit townhome-style apartment building in a high-demand location – directly across from Seattle University & Swedish Hospital. 5 two-bed and 5 one-bed two-story units with a total of 11 parking spaces. Prime 7,675 SF corner lot with abundant natural light, upgraded double-pane windows, and fire sprinkler system. Walk Score 94—just steps to restaurants, transit, grocery, and light rail. Zoned LR3(M) with potential for additional units (buyer to verify). Significant income upside through utility billbacks, parking fees, and bringing under-market rents current. Current cap @3.95% and market cap @5.29%.

Property Details

Price:
$2,880,000
MLS #:
NWM2397715
Status:
Active
Beds:
0
Baths:
0
Address:
1402 E Cherry Street
Type:
Multi Family
Subdivision:
First Hill
Neighborhood:
390 – Central Seattle
City:
Seattle
Listed Date:
Jun 24, 2025
State:
WA
Finished Sq Ft:
9,680
Total Sq Ft:
9,680
ZIP:
98122
Lot Size:
7,675 sqft / 0.18 acres (approx)
Year Built:
1981

Schools

School District:
Seattle

Interior

Cooling
None
Heating
Baseboard, Forced Air

Exterior

Construction Materials
Stucco, Wood
Exterior Features
Stucco, Wood
Parking Spots
11
Roof
Composition

Financial

Net Operating Income
$113,771
Tax Year
2025

Map

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