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%.
Pending
Listed by:
TC Wu,
WPI Real Estate Services, Inc.
$2,880,000
1402 E Cherry Street, Seattle, WA 98122
--beds
--baths
9,680sqft
Est.:
Multi Family
Built in 1981
-- sqft lot
$-- Zestimate®
$298/sqft
$-- HOA
What's special
Abundant natural lightFire sprinkler systemCorner lotUpgraded double-pane windows
- 53 days
- on Zillow |
- 126 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 10:45pm
Listed by:
TC Wu,
WPI Real Estate Services, Inc.
Source: NWMLS,MLS#: 2397715

Travel times
Facts & features
Interior
Heating
- Baseboard, Forced Air, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 9,680
- Total interior livable area: 9,680 sqft
Video & virtual tour
Property
Parking
- Total spaces: 12
- Parking features: Open
- Carport spaces: 9
- Uncovered spaces: 3
Lot
- Size: 7,675.27 Square Feet
- Features: Corner Lot, Curbs, Sidewalk, Sprinkler System
Details
- Parcel number: 8733500005
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco, Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1981
- Major remodel year: 1989
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: First Hill
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $2,457,000
- Annual tax amount: $23,674
- Date on market: 7/17/2025
- Listing terms: Cash Out
- Cumulative days on market: 31 days
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