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%.
Sold
Listed by: WPI Real Estate Services, Inc.
Bought with: Windermere Real Estate/East
$2,750,000
1402 E Cherry Street, Seattle, WA 98122
--beds
--baths
9,680sqft
Multi Family
Built in 1981
-- sqft lot
$2,685,900 Zestimate®
$284/sqft
$2,688 Estimated rent
Home value
$2,685,900
$2.47M - $2.93M
$2,688/mo
Zestimate® history
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List your homeWhat's special
Abundant natural lightFire sprinkler systemCorner lotUpgraded double-pane windows
Zillow last checked:
Listing updated:
Listed by:
TC Wu,
WPI Real Estate Services, Inc.
Bought with:
Hao N. Dang, 48698
Windermere Real Estate/East
Source: NWMLS as distributed by MLS GRID,MLS#: 2397715
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
Property
Parking
- Total spaces: 12
- Parking features: Open
- Carport spaces: 9
- Uncovered spaces: 3
Lot
- Size: 7,675 sqft
- 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 & neighborhood
Location
- Region: Seattle
- Subdivision: First Hill
Other
Other facts
- Cumulative days on market: 176 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2025 | Sold | $2,750,000-4.5%$284/sqft |
Source:  NWMLS as distributed by MLS GRID #2397715 Report a problem | ||
| 8/1/2025 | Pending sale | $2,880,000$298/sqft |
Source: NWMLS as distributed by MLS GRID #2397715 Report a problem | ||
| 6/25/2025 | Listed for sale | $2,880,000+409.7%$298/sqft |
Source: NWMLS as distributed by MLS GRID #2397715 Report a problem | ||
| 7/14/2019 | Listing removed | $1,300-20.5% |
Source: Zillow Rental Manager Report a problem | ||
| 6/26/2019 | Price change | $1,635+0.3% |
Source: Zillow Rental Manager Report a problem | ||
| 6/2/2019 | Price change | $1,630+29.4% |
Source: Zillow Rental Manager Report a problem | ||
| 5/1/2019 | Listed for rent | $1,260+10.5% |
Source: Zillow Rental Manager Report a problem | ||
| 12/13/2017 | Listing removed | $1,140 |
Source: Zillow Rental Manager Report a problem | ||
| 12/9/2017 | Listed for rent | $1,140 |
Source: Zillow Rental Manager Report a problem | ||
| 11/6/2017 | Listing removed | $1,140 |
Source: Zillow Rental Manager Report a problem | ||
| 11/2/2017 | Price change | $1,140-26.5% |
Source: Zillow Rental Manager Report a problem | ||
| 10/27/2017 | Listed for rent | $1,550 |
Source: Zillow Rental Manager Report a problem | ||
| 8/14/1997 | Sold | $565,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,017 +1.4% | $2,303,500 -6.2% |
| 2024 | $23,674 -2.7% | $2,457,000 -4.7% |
| 2023 | $24,341 +4.7% | $2,579,000 -6.2% |
| 2022 | $23,255 +4.6% | $2,749,000 +13.7% |
| 2021 | $22,233 -15% | $2,418,000 -11.1% |
| 2020 | $26,160 +5% | $2,721,000 +4% |
| 2019 | $24,921 +28.9% | $2,617,000 +16.4% |
| 2018 | $19,335 -1.7% | $2,248,000 +13.1% |
| 2017 | $19,668 +76.2% | $1,987,000 +0.2% |
| 2016 | $11,165 | $1,983,000 +25.7% |
| 2015 | $11,165 | $1,578,000 +37.2% |
| 2014 | $11,165 | $1,150,000 +1.1% |
| 2013 | $11,165 | $1,137,000 +22.5% |
| 2012 | -- | $928,000 |
| 2011 | -- | $928,000 +4.3% |
| 2010 | -- | $890,000 |
| 2009 | -- | $890,000 -7.7% |
| 2007 | -- | $964,000 -1.6% |
| 2006 | -- | $980,000 +18.1% |
| 2005 | -- | $830,000 +22.8% |
| 2001 | $7,880 +41.2% | $676,000 +50.2% |
| 2000 | $5,579 | $450,000 |
Find assessor info on the county website
Neighborhood: Minor
Nearby schools
GreatSchools rating
- 4/10Madrona Elementary SchoolGrades: K-5Distance: 1.1 mi
- 5/10Edmonds S. Meany Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Garfield High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$2,685,900
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Estimated market value
$2,685,900
- Washington
- King County
- Seattle
- 98122
- Minor
- 1402 E Cherry Street
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