520 S Kelsey St
Monroe WA 98272
Cherry Creek Apartments
520 S Kelsey St Monroe WA 98272
Listing #: 709814 | Status: Available | Last Modified: 3/11/2026 |
For Sale
- Phone:(206) 321-8344
- Email:jkinkopf@northmarq.com
- Office Name:Northmarq Multifamily LLC
- Office Phone:(425) 454-8699
- Office Website:
- Agent Phone:(425) 749-9593
- Agent Email:bgreenheck@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 5,200,000.0
- $/SF$ 253.0
- $/Unit$ 5,200,000.0
- Listing StatusAvailable
- Days on Market54
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.72 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings3
- # of Floors2
- # of Units18
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF20556
- Net Rentable Area20556
- Total Office SF
- Largest Contiguous SF
- Lot SF40237
- Acres0.92
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountySnohomish
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #00484600301000
- Additional Parcels
- ZoningR25
- # Covered Spaces20
- # Uncovered Spaces28
- Total Parking Spots48
- Parking Ratio
- Year Built1989
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeWood
Cherry Creek Apartments
We are pleased to exclusively present Cherry Creek Apartments, a highly desirable 18-unit multifamily community located in Monroe, Washington. Cherry Creek offers a diverse unit mix consisting of one-bedroom flats, two-bedroom flats, and spacious two- and three-bedroom townhomes, with an average unit size of 1,134 square feet. The property has undergone extensive renovations, with most residences featuring stainless steel appliances, granite countertops, luxury vinyl plank flooring, modern lighting, refaced cabinetry, and in-unit washer/dryers. The community provides a superior parking ratio of 2.67 spaces per unit, including 20 garage spaces and 28 surface stalls. Select townhome units feature attached two-car garages and floorplans up to 1,450 square feet, positioning Cherry Creek as a
18 Unit Apartment Building 8% Cap Rate, Grossing $221,340,10 Town homes 2 car Garages/ 8 Garden style no stairs. Rapidly growing and appreciating area, walking distance to town ,schools & Hospital. New Walmart same street 2014, Freeway access to 405/522 a













