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2224 NE 197TH PLACE Shoreline, WA $ 1,325,000
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2224 NE 197TH PLACE
$ 1,325,000
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2224 NE 197TH PLACE

Shoreline, WA, 98155
$ 1,325,000
Baths0.0 Sq 3,382

Monthly Estimate*

$ 8,266

Listed by Windermere Real Estate JS
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Studio

Multi-Family Home for sale in Shoreline, WA

for $1,325,000. This 3,382 square foot home was built in 1978 on a lot size of 0.1905.

*MUST HAVE SIGNED AROUND PURCHASE AGREEMENT PRIOR TO VIEWING*Exceptional Investment Opportunity in Shoreline! Discover this beautifully updated 4-plex located just minutes from the new Shoreline light rail station—a prime location offering unmatched convenience and long-term growth potential. Each of the four units has been thoughtfully renovated with modern finishes, creating stylish, low-maintenance living spaces that attract and retain quality tenants. All 4 units fully updated with updated kitchens, bathrooms, flooring, and fixtures. Strong rental history – every unit is currently leased. Walking distance to the new light rail, I-5, shopping, parks, Lake Forest Park and Edmonds.

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Multi-Family Active

Price

$ 1,325,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 10,227

Style

4-Plex

Lot Size

0.1905

Year Built

1978

Town/City

Shoreline

County/Region

King

MLS | Web ID

2428924
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition See Remarks
HOA Fee 0
Security Features Fully Fenced
Year Built 1978
Property Subtype Multi Family
Tax Year 2025
Building Name Ballinger Woodlands
County King
Net Operating Income 21618
Insurance Expense 2544
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Ballinger
Possible Use Multi-Family See Remarks
Special Listing Conditions None
Status Active
Directions From I-5 exit 177 east on Ballinger Way right on 23rd Ave NE building 4th on the right.
High School Shorecrest High
City Shoreline
Senior Community Y/N N
High School District Shoreline
Zoning Description Multi-Family See Remarks
Open Parking Spaces 4
Number Of Units Total 4
MLS Area 720 - Lake Forest Park
Lot Size Units Square Feet
Lot Size Square Feet 8297
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Lake Forest Park Ele
Tax Annual Amount 10227
Electric Expense 840
Fuel Expense 0
Middle/Junior High School Kellogg Mid
Property Condition Very Good
Public Remarks *MUST HAVE SIGNED AROUND PURCHASE AGREEMENT PRIOR TO VIEWING*Exceptional Investment Opportunity in Shoreline! Discover this beautifully updated 4-plex located just minutes from the new Shoreline lig
Leasable Area 3382
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Thermal Windows
Water Company North City
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 5907
Property Style 54 - 4-Plex
Cap Rate 4.73
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Exterior
Exterior Amenities Wood
Lot Features Cul-De-Sac Curbs Dead End Street Paved Sidewalk
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3382
Lot Size Acres 0.1905
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Fully High Speed Internet
Parking Uncovered Spaces 4
Lot Number 4
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2428924
Street Number 1 2224
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* Excluded Features
List By
Natalee N. Thurston

Listing Agent

Windermere Real Estate Js

Broker

Affordability Calculator

$9,119
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,266
Monthly Property Taxes
$852
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258927 Elementary School
257605 Middle School
Shorecrest High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/11/2025$1,325,000 -1.85% Price Down
9/6/2025$1,350,000 Listed Price

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2224 NE 197TH PLACE, Shoreline, WA, 98155 is a Multi-Family Home for sale at $1,325,000 with 3,382 sqft and a lot size of 0.1905. 2224 NE 197TH PLACE is a studio with 0.0 baths and was built in 1978. The property's zip code is 98155 which is in Shoreline, WA

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