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Pending
  • Listed by: 

    TC Wu,

    WPI Real Estate Services, Inc.

    $2,880,000

    1402 E Cherry Street, Seattle, WA 98122

    --beds
    --baths
    9,680sqft
    : 
    Multi Family
    Built in 1981
    -- sqft lot
    $-- Zestimate®
    $298/sqft
    $-- HOA

    What's special

    Abundant natural lightFire sprinkler systemCorner lotUpgraded double-pane windows
    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%.
    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#: 2397715MLS Logo
    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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