A purpose-built student housing community comprising 81 units and 259 beds at 1223 E Cherry St. has been placed on the market by Cushman & Wakefield, with no pricing guidance available at this time. The Douglas at Seattle University sits on a 0.93-acre site and includes an additional five commercial units totaling 14,975 square feet of retail space. Built in 2011, the property features units averaging 700 square feet and is situated directly on the Seattle University campus with proximity to the Pike-Pine Corridor. The listing materials position the asset as a core-plus investment opportunity, though specific occupancy rates and rental performance metrics have not been provided. King County property records show the current owner is a Seattle-based entity.

As a purpose-built student housi

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