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Listing Firm: WPI Real Estate Services, Inc.: TC Wu

Active
NWMLS # 2397715

1402 E Cherry Street , Seattle, WA 98122

Listings with the three tree icon are courtesy of NWMLS

About This Property

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%.

Aris360 Last Checked: 1 Minute Ago (Jul 06, 2025 09:36 PM)

  • Source: NWMLS as Distributed by MLS Grid #2397715

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Cherry
  • Zip/Postal Code: 98122
  • City: Seattle

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$3,847 per month
Principal & Interest
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Property Taxes

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Loan Detail

Interest Rate

According to icanbuy, the average interest rate for a 30-year fixed loan in 98102 is 7.009%. Compare current rates

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Property Features

  • County
    • First Hill
  • Community
    • 390 - Central Seattle
  • MLS Area
    • 390 - Central Seattle
  • Longitude
    • -122.313758
  • Latitude
    • 47.608219
  • Directions
    • Take I-5 S, exit 167 for James St, L on 14th Ave, R on E Cherry to 1402 E Cherry St Seattle

  • Power Production Type
    • Electric

  • Stories
    • 3
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 11
  • Lot Description
    • Corner Lot,
    • Curbs,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Exterior
    • Stucco
    • Wood
  • Site Description
    • Sprinkler System
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 7675

  • High School District
    • Seattle

  • Possession
    • Closing,
    • Subject to Tenant Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Multi Family,
  • Year Built
    • 1981
  • Effective Year Built
    • 1989
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jul 06 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.

Jul 06, 2025 09:36 PM