936 N 198th Street, Shoreline, WA 98133

Listing Firm: Westlake Associates, Inc. (206-505-9400). Listings with the three tree icon are courtesy of NWMLS.

936 N 198th Street

Shoreline, WA 98133

LISTING #2573588

REQUEST DETAILS SCHEDULE A SHOWING

$2,700,000

STATUS Active

YEAR BUILT 1962

PROPERTY TYPE Residential Income

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

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Location Information

County King

Community Edmonds / Shoreline

Latitude 47.772591

Longitude -122.347004

Directions From Downtown Seattle, get on I-5 Express N from Marion St, 6th Ave and Olive Way. Follow I-5 Express N and I-5 N to NE 175th St in Shoreline. Take exit 176 from I-5 N. Follow NE 175th St.

Subdivision Name Shoreline

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Forced Air

Cooling None

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Wood

Roof Flat, See Remarks

Septic or Sewer Sewer Connected

Covered Spaces 0

Power Production Type Electric

Parking Spaces 20

Lot Size in Acres 0.4077

Lot Size in Sq. Ft. 17,761

Building Total Area 8400 Square Feet

Has Waterfront No

Has View No

School

High School District Shoreline

Additional Information

Possession Closing

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1962

Status Active

Tax Year 2026

Tax Amount $29,755

Lot Acres Source KCA

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