Listed by The Real Estate Firm
$550,000
$50K PRICE DROP

198 Cherry Ln Morton, WA 98356

Estimated payment $3,265/month

Total Views 120
8 Beds
4 Baths
2,672 Sq Ft
$206 Price per Sq Ft

Highlights

  • No HOA
  • Wood Siding
  • Carpet
  • Baseboard Heating

About This Home

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.

Listing Agent

Jennifer Rees

The Real Estate Firm License #24001190 Listed on: 08/23/2026

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2554943

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 1973

Home Design

  • Quadruplex
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,672 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Morton Elementary School
  • Morton Jnr-Snr High Middle School
  • Morton Jnr-Snr High School

Additional Features

  • 15,246 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Morton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 008493029015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,961

Year Built

Built in 1973

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1973
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • Structure Type: Quadruplex
  • CalculatedSquareFootage: 2672
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Metal
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Slab

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Lewis PUD
  • SewerCompany: City of Morton
  • WaterCompany: City of Morton

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Morton
  • High School: Morton Jnr-Snr High
  • Middle Or Junior School: Morton Jnr-Snr High

Lot Info

  • Parcel Number: 008493029015
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false
  • GrossRentMultiplier: 8.68
  • LeasedItems: None
  • TotalMonthlyIncome: 4800

Tax Info

  • Year: 2026
  • Tax Annual Amount: 2961

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 735
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Morton Elem

Map

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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,297 $184,800 $64,300 $120,500
2024 $1,202 $157,800 $40,600 $117,200
2023 $1,148 $153,300 $40,600 $112,700
2022 $1,076 $139,500 $37,000 $102,500
2021 $794 $113,500 $32,300 $81,200
2020 $812 $111,200 $31,600 $79,600
2019 $542 $85,600 $31,600 $54,000
2018 $1,669 $81,500 $29,800 $51,700
2017 $1,567 $80,000 $29,800 $50,200
2016 $1,587 $78,800 $29,800 $49,000
2014 $1,446 $76,700 $29,800 $46,900
2013 $1,446 $70,900 $27,400 $43,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/23/2026 08/23/26 For Sale $600,000 -- $225 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2554943

Northwest Multiple Listing Service (NWMLS)
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