Active · Residential Income

936 N 198th Street , Shoreline, WA 98133

Shoreline, WA 98133

$2,700,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Westlake Associates, Inc. · MLS #2573588 · Active

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About this property

The Encore Apartments offers a new investor a great value add opportunity in a landlord friendly city. A new investor over time can also renovate units upon turnover and modernize each unit with stainless steel appliances, granite/quartz counters, new cabinets etc. In current condition, a new investor can raise rents and get this building to a 7.18% CAP Rate. Excellent value-add opportunity. All 12 units are Two-Bed/One-Bath units averaging about 700 square feet each. Ample open parking available on site that has been re-paved and re-striped. Building has updated electrical panels and a newer TPO roof. Coin-operated common laundry available. Conveniently located in Shoreline, property has easy access to Rapid Ride Transit, Highway 99, Interstate-5, and the 185th Street Light Rail Station.

Property details

Property type: Multi Family
Year built: 1962
Lot size: 17,761 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $29,755 (2026)
Parking spaces: 20
School district: Shoreline

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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