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1402 E Cherry Street, 
Seattle, WA 98122

$2,880,000


Bed


Bath


9,680

Sq Ft


Multi-Family

Active

Listed by

Tc Wu

Wpi Real Estate Services, Inc.

Last updated:

June 25, 2025, 05:50 PM

MLS#

2397715

Source:

NWMLS

About This Home

1402 E Cherry Street

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%.

Home Facts

Multi-Family

Built in 1981

Price Summary

2,880,000

$297 per Sq. Ft.

MLS #:

2397715

Last Updated:

June 25, 2025, 05:50 PM


Rooms & Interior

Interior

Living Area:

9,680 Sq. Ft.


Structure

Structure

Building Area:

9,680 Sq. Ft.

Year Built:

1981


Lot

Lot Size (Sq. Ft):

7,675


Finances & Disclosures

Finances

Price:

$2,880,000

Price per Sq. Ft:

$297 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 26, 2025. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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