Prepared by https://www.commercialmls.com
520 S Kelsey St Monroe WA 98272
Listing #: 709814 | Status: Available | Last Modified: 3/11/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 5.72 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 3 |
| # of Floors | 2 |
| # of Units | 18 |
| # of Elevators | 0 |
| Total Building SF | 20,556 SF |
| Net Rentable Area | 20,556 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 40,237 SF |
| Acres | 0.92 |
| Year Built | 1989 |
| Construction Type | Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | Snohomish |
| Market Area | Not Assigned |
| Tax ID # | 00484600301000 |
| Zoning | R25 |
| Parking Information | |
|---|---|
| #Covered Spaces | 20 |
| # Uncovered Spaces | 28 |
| Total Parking Spots | 48 |
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
Cherry Creek Apartments
520 S Kelsey St Monroe WA 98272
Listing #: 709814 | Status: Available | Listing Date: 3/10/2026 | Last Modified: 3/11/2026 | Email Listing













