About 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%.
Features of 1402 E Cherry Street
| MLS® # | 2397715 |
|---|---|
| List Price | $2,880,000 |
| Sale Price | $2,750,000 |
| Price Per SqFt | $284 |
| Bathrooms | 0.00 |
| Square Footage | 9,680 |
| Acres | 0.18 |
| Year Built | 1981 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 1402 E Cherry Street |
|---|---|
| Area | 390 - Central Seattle |
| Subdivision | First Hill |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98122 |
Amenities
| Parking Spaces | 11 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
Exterior
| Exterior Features | Stucco, Wood |
|---|---|
| Lot Description | Corner Lot, Curbs, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Seattle |
|---|
Additional Information
| Days on Market | 19 |
|---|---|
| Cumulative Days on Market | 19 |
| Days on Website | 36 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |