520 S Kelsey Street Monroe, WA $ 5,200,000
520 S Kelsey Street
$ 5,200,000
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520 S Kelsey Street

Monroe, WA, 98272
$ 5,200,000
Baths0.0

Monthly Estimate*

$ 32,017

Listed by Northmarq Multifamily, LLC
520 S Kelsey Street, Monroe, WA 98272 - Image 1
520 S Kelsey Street, Monroe, WA 98272 - Image 2
520 S Kelsey Street, Monroe, WA 98272 - Image 3
520 S Kelsey Street, Monroe, WA 98272 - Image 4
520 S Kelsey Street, Monroe, WA 98272 - Image 5
Studio

Multi-Family Home for sale in Monroe, WA

for $5,200,000. This home was built in 1989 on a lot size of 0.94.

We are pleased to present the Cherry Creek Apartments, a highly desirable 18-unit multifamily community located in Monroe, WA. It offers a diverse unit mix consisting of 1BD flats, 2BD flats, and spacious 2 & 3BD townhomes, with an average unit size of 1,134SF. The property has undergone extensive renovations, with most residences featuring SS appliances, granite CT, LVP flooring, modern lighting, refaced cabinetry, and in-unit W/D. It provides a superior parking ratio of 2.67 spaces/unit, including 20 garage spaces and 28 surface stalls. Select townhome units feature attached 2-car garages and floorplans up to 1,450SF, positioning Cherry Creek as a competitive alternative to single-family housing.

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Multi-Family Active

Price

$ 5,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 35,277

Style

10+ Units

Lot Size

0.94

Year Built

1989

Town/City

Monroe

County/Region

Snohomish

MLS | Web ID

2435034

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1989
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 430339
Insurance Expense 9660
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Monroe
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I5 N. Take WA-520 E via EXIT 168B toward Bellevue/Kirkland Merge onto I-405 N Take EXIT 23 WA-522 E Take the W Main St exit toward Monroe Turn right onto S Kelsey St. building is on the right
City Monroe
Senior Community Y/N N
High School District Monroe
Zoning Description Multi-Family
Open Parking Spaces 28
Number Of Units Total 18
MLS Area 610 - Southeast Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 40946
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 35277
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks We are pleased to present the Cherry Creek Apartments a highly desirable 18-unit multifamily community located in Monroe WA. It offers a diverse unit mix consisting of 1BD flats 2BD flats and spacio
Leasable Area 20556
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company City
Units Below Grade false
Units In Building Total 18
Water Sewer Garbage 43526
Property Style 56 - 10+ Units
Cap Rate 5.88
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Exterior
Exterior Amenities Wood
Lot Features Dead End Street Paved Sidewalk
Water Source Public
Total Parking 48
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 0.94
Waterfront Y/N N
Covered Spaces 20
Irrigation Water Rights Y/N N
Site Features Patio
Parking Uncovered Spaces 28
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2435034
Street Number 1 520
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* Excluded Features
List By
Brendan Greenheck

Listing Agent

Northmarq Multifamily, Llc

Broker

Affordability Calculator

$34,957
Per Month
92%
8%
0%
Monthly Principal & Interest
$32,017
Monthly Property Taxes
$2,940
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257956 Elementary School
257751 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2025$5,200,000 Listed Price

Map


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520 S Kelsey Street, Monroe, WA, 98272 is a Multi-Family Home for sale at $5,200,000 with a lot size of 0.94. 520 S Kelsey Street is a studio with 0.0 baths and was built in 1989. The property's zip code is 98272 which is in Monroe, WA