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
Joseph Kinkopf
  • Phone:(206) 321-8344
  • Email:jkinkopf@northmarq.com
  • Office Name:Northmarq Multifamily LLC
  • Office Phone:(425) 454-8699
  • Office Website:
Brendan Greenheck
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 5,200,000.0
  • $/SF$ 253.0
  • $/Unit$ 5,200,000.0
  • Listing StatusAvailable
  • Days on Market54
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 5.72 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • 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 Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountySnohomish
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaNot Assigned
  • Tax ID #00484600301000
  • Additional Parcels
  • ZoningR25
Parking Information
  • # Covered Spaces20
  • # Uncovered Spaces28
  • Total Parking Spots48
  • Parking Ratio
Construction
  • Year Built1989
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeWood

Cherry Creek Apartments

Public Comments

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

Public Building Comments

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

Listing Images