520 S Kelsey St

Monroe, WA 98272

$5,200,000
Price
42
Beds
23
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Northmarq Multifamily, LLC

Description

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...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.

Property Details for 520 South Kelsey Street

Community Name
Monroe
School District
Monroe
View
Territorial
Number of Assigned Spaces
48
Total Covered Parking
20
Entry Date
09-17-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/17/2025 04:08 PM

Property Details for 520 South Kelsey Street

StatusActive
MLS #2435034
Days on Market89
Cumulative Days on Market89
Taxes$35,277 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.94 AC / 40,946 SF
CountySnohomish County

Location

Listing Courtesy of Northmarq Multifamily, LLC
Add your commute

Building Information for 520 South Kelsey Street

Stories2Residences18Year Built1989Building Size-Lot Size0.94 AC / 40,946 SF

Payment Calculator

$28,635 per month

30 year fixed, 6.28% Interest

Principal and Interest

$25,695

Property Taxes

$2,940

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 520 South Kelsey Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Patio
  • Area: 610 - Southeast Snohomish
  • Effective Year Built Source: Public Records
  • 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
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 28.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 43526
  • Power Company: PUD
  • Water Company: City
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Construction Methods: Post & Beam
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1989
  • Photos Count: 5
Lot Information
  • Lot Details: Dead End Street, Paved, Sidewalk
  • Lot Size Source: Snohomish County
  • Parcel Number Free Text: 00484600301302
  • Building Condition: Very Good
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 28
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 18
  • Units Below Grade: false
  • Units In Building Total: 18
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 169312
  • Gross Adjusted Income: 479650
  • Gross Rent Multiplier: 11.48
  • Gross Scheduled Income: $479,650
  • Insurance Expense: $9,660
  • Net Operating Income: $430,339
  • Other Expenses: $80,849
  • Total Monthly Income: 40437
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 900
  • Rent Unit 1: $1,799.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 900
  • Rent Unit 2: $1,699.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 900
  • Rent Unit 3: $1,850.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 826
  • Rent Unit 4: $1,950.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 826
  • Rent Unit 5: $2,000.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 500
  • Rent Unit 6: $1,650.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: true
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 826
  • Rent Unit 7: $1,750.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: true
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 826
  • Rent Unit 8: $2,000.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 9
  • Washer/Dryer Unit 9: true
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: true
  • Square Feet Unit 9: 1450
  • Rent Unit 9: $2,300.00
  • Bedrooms Unit 9: 3
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 2
Unit 10
  • Name Unit 10: 10
  • Washer/Dryer Unit 10: true
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: true
  • Square Feet Unit 10: 1450
  • Rent Unit 10: $2,199.00
  • Bedrooms Unit 10: 3
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 2
Unit 11
  • Name Unit 11: 11
  • Washer/Dryer Unit 11: true
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: true
  • Square Feet Unit 11: 1338
  • Rent Unit 11: $2,252.00
  • Bedrooms Unit 11: 2
  • Fireplaces Unit 11: 0
  • Bathrooms Unit 11: 2
Unit 12
  • Name Unit 12: 12
  • Washer/Dryer Unit 12: true
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Dishwasher Unit 12: true
  • Square Feet Unit 12: 1338
  • Rent Unit 12: $2,250.00
  • Bedrooms Unit 12: 3
  • Fireplaces Unit 12: 0
  • Bathrooms Unit 12: 2
Unit 13
  • Name Unit 13: 13
  • Washer/Dryer Unit 13: true
  • Range/Oven Unit 13: true
  • Refrigerator Unit 13: true
  • Dishwasher Unit 13: true
  • Square Feet Unit 13: 1450
  • Rent Unit 13: $2,550.00
  • Bedrooms Unit 13: 3
  • Fireplaces Unit 13: 0
  • Bathrooms Unit 13: 2
Unit 14
  • Name Unit 14: 14
  • Washer/Dryer Unit 14: true
  • Range/Oven Unit 14: true
  • Refrigerator Unit 14: true
  • Dishwasher Unit 14: true
  • Square Feet Unit 14: 1450
  • Rent Unit 14: $2,350.00
  • Bedrooms Unit 14: 3
  • Fireplaces Unit 14: 0
  • Bathrooms Unit 14: 2
Unit 15
  • Name Unit 15: 15
  • Washer/Dryer Unit 15: true
  • Range/Oven Unit 15: true
  • Refrigerator Unit 15: true
  • Dishwasher Unit 15: true
  • Square Feet Unit 15: 1450
  • Rent Unit 15: $2,250.00
  • Bedrooms Unit 15: 3
  • Fireplaces Unit 15: 0
  • Bathrooms Unit 15: 2
Unit 16
  • Name Unit 16: 16
  • Washer/Dryer Unit 16: true
  • Range/Oven Unit 16: true
  • Refrigerator Unit 16: true
  • Dishwasher Unit 16: true
  • Square Feet Unit 16: 1338
  • Rent Unit 16: $2,250.00
  • Bedrooms Unit 16: 2
  • Fireplaces Unit 16: 0
  • Bathrooms Unit 16: 2
Unit 17
  • Name Unit 17: 17
  • Washer/Dryer Unit 17: true
  • Range/Oven Unit 17: true
  • Refrigerator Unit 17: true
  • Dishwasher Unit 17: true
  • Square Feet Unit 17: 1450
  • Rent Unit 17: $2,550.00
  • Bedrooms Unit 17: 3
  • Fireplaces Unit 17: 0
  • Bathrooms Unit 17: 2
Unit 18
  • Name Unit 18: 18
  • Washer/Dryer Unit 18: true
  • Range/Oven Unit 18: true
  • Refrigerator Unit 18: true
  • Dishwasher Unit 18: true
  • Square Feet Unit 18: 1338
  • Rent Unit 18: $2,000.00
  • Bedrooms Unit 18: 2
  • Fireplaces Unit 18: 0
  • Bathrooms Unit 18: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 20556.0

Property History for 520 South Kelsey Street

DateEvent & SourcePriceAppreciation
Sep 17, 2025

Listed (Active)

NWMLS #2435034

$5,200,000—
Aug 24, 2022

Sold (Public Record)

Public Record #1496553441

$4,997,300—
DateEvent & SourcePrice
09/17/2025

Listed (Active)

NWMLS #2435034

$5,200,000
08/24/2022

Sold (Public Record)

Public Record #1496553441

$4,997,300

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 520 South Kelsey Street

Taxable ValueLand$535,500Additions$3,404,500Total$3,940,000
Tax Record2025$31,908 ($2,659 / month)
Home Facts
Total Finished SqFt15,508 SqFtAbove Ground SqFt15,508 SqFtStories2Lot Size27,007 SqFtStyleMulti-Family Dwelling (2-4)Year Built1989ZoningO6CountySNOHOMISHAPN00484600301000

Schools near 520 South Kelsey Street

This home is within Monroe School District.
Rating
School
Type
Grades
Distance
Frank Wagner Elementary School
Public - PK to 5
Park Place Middle School
Public - 6 to 8
Monroe High School
Public - 9 to 12
Leaders In Learning
Public - 9 to 12
Rating
School
Distance
Frank Wagner Elementary School
PublicPK to 5

Park Place Middle School
Public6 to 8

Monroe High School
Public9 to 12

Leaders In Learning
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 520 South Kelsey Street, Monroe, WA 98272

520 South Kelsey Street is a multi-family home for sale in Monroe, WA 98272. This property was listed for sale on September 17, 2025 by Northmarq Multifamily, LLC, it's currently listed at $5,200,000. It has been on the market for a total of 89 days and was last sold on August 24, 2022. This listing's school district is Monroe School District. Nearby schools include Frank Wagner Elementary School, Park Place Middle School and Monroe High School. 520 South Kelsey Street is a 42-bed, 23-bath, multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Northmarq Multifamily, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 04:49 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.