Bought with Windermere Real Estate/East
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1402 E Cherry ST Seattle, WA 98122
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Key Details
Sold Price $2,750,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,680 sqft
Price per Sqft $284
Subdivision First Hill
MLS Listing ID 2397715
Sold Date 09/16/25
Style 56 - 10+ Units
Year Built 1981
Lot Size 7,675 Sqft
Property Sub-Type Multi Family
Property Description
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%.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Fireplace false
Exterior
Exterior Feature Stucco, Wood
Amenities Available Sprinkler System
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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