198 Cherry Lane Morton, WA $ 550,000
198 Cherry Lane
$ 550,000
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198 Cherry Lane

Morton, WA, 98356
$ 550,000
Bedrooms8 Baths4.0 Sq 2,672

Monthly Estimate*

$ 3,473

Listed by The Real Estate Firm
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Multi-Family Home for sale in Morton, WA

for $550,000 with 8 bedrooms and 4 full baths. This 2,672 square foot home was built in 1973 on a lot size of 0.35.

This 4 unit apartment building in Morton is at the end of a dead end street. It is connected to city water and sewer. Recent updates include new windows, siding, and exterior paint. Most of the interiors have been updated in the last 4 years with new flooring and fresh paint. This building is fully occupied. There is laundry on site shared by all 4 units, currently free...potential upside by putting in coin op.

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Multi-Family Active

Price

$ 550,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,961

Style

4-Plex

Lot Size

0.35

Year Built

1973

Town/City

Morton

County/Region

Lewis

MLS | Web ID

2554943

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Metal
HOA Fee 0
Garage Spaces 0
Year Built 1973
Property Subtype Multi Family
Tax Year 2026
County Lewis
Net Operating Income 47443
Insurance Expense 1553
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Morton
Possible Use Residential
Special Listing Conditions None
Status Active
Directions Take Hwy 508 East
High School Morton Jnr-Snr High
City Morton
Senior Community Y/N N
High School District Morton
Zoning Description Residential
Number Of Units Total 4
MLS Area 436 - Morton
Lot Size Units Square Feet
Lot Size Square Feet 15246
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional Owner Will Carry
Elementary School Morton Elem
Tax Annual Amount 2961
Electric Expense 735
Fuel Expense 0
Middle/Junior High School Morton Jnr-Snr High
Public Remarks This 4 unit apartment building in Morton is at the end of a dead end street. It is connected to city water and sewer. Recent updates include new windows siding and exterior paint. Most of the inte
Leasable Area 2672
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Morton
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 3708
Property Style 54 - 4-Plex
Cap Rate 9.4
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Exterior
Exterior Amenities Wood Products
Water Source Public
Total Parking 5
Foundation Details Slab
Building Area Total 2672
Lot Size Acres 0.35
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 5
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Interior
Flooring 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 NWM2554943
Street Number 1 198
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* Excluded Features
List By
Jenn Rees

Listing Agent

The Real Estate Firm

Broker

Affordability Calculator

$3,720
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$247
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
256951 Elementary School
256540 Middle School
Morton Jnr-Snr High High School
Pricing History
DatePricePrice ChangeDescription
8/24/2026$550,000 Listed Price

Map


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198 Cherry Lane, Morton, WA, 98356 is a Multi-Family Home for sale at $550,000 with 2,672 sqft and a lot size of 0.35. 198 Cherry Lane has 8 bedrooms, 4.0 baths, and was built in 1973. The property's zip code is 98356 which is in Morton, WA