1527 -1529 NE 150th Street, Shoreline, WA 98155

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Listing Firm: Paragon Real Estate Advisors (206-623-8880). Listings with the three tree icon are courtesy of NWMLS.

1527 -1529 NE 150th Street

Shoreline, WA 98155

LISTING #2538293

REQUEST DETAILS SCHEDULE A SHOWING

$1,600,000

STATUS Pending

YEAR BUILT 1977

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

Shoreline Townhomes + SFH is a 6-unit investment opportunity located at 1527–1529 NE 150th Street in Shoreline, Washington. The property includes five 3-bedroom, 1.5-bathroom townhome units and one detached 2-bedroom, 1-bathroom single-family home, totaling 6,437 rentable square feet. Seller financing is available to qualified buyers at an attractive 4.5% interest-only rate with a 5-year term and 25% down payment. The investment presents a compelling value-add opportunity through a renovation program combined with favorable financing. Current rents average $1,101 per unit, approximately 50% below market rates for comparable Shoreline properties. By implementing upgrades and leveraging Washington State RCW statutes (59.18.200, 59.18.650, 59.18.440), tenants may be relocated with proper 120-day notice for permitted renovations. Upon completion, projected rents could increase scheduled gross income by over 90% at stabilized market levels. The property benefits from a strong location within Shoreline, with proximity to highly regarded schools including Shorecrest High School, Kellogg Middle School, Briarcrest Elementary, and Shoreline Christian School, all within one mile. This location supports long-term tenant demand and sustained rental growth.

PROPERTY DETAILS

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Location Information

County King

Community Edmonds / Shoreline

Latitude 47.737290

Longitude -122.311470

Directions Get on I-5 N. Take exit 175. Merge onto 5th Ave NE. Take 1st exit at roundabout onto NE 145th St. Turn left onto 15th Ave NE. Right onto NE 150th St. Turn right.

Subdivision Name Briarcrest

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard

Cooling None

Floors Laminate

Exterior Features

Style 5-9 Units

Is New Construction Yes

Exterior Wood Products

Foundation Poured Concrete

Roof Composition

Water Source Public

Septic or Sewer Available

Covered Spaces 0

Power Production Type Electric

Parking Spaces 12

Lot Size in Acres 0.3723

Lot Size in Sq. Ft. 16,218

Building Total Area 6437 Square Feet

Has Waterfront No

Has View No

School

High School District Shoreline

Additional Information

Possession Closing, Subject To Tenant Rights

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1977

Status Pending

Tax Year 2026

Tax Amount $17,826

Lot Acres Source Public Records

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