936 N 198th Street Shoreline, WA $ 2,700,000
936 N 198th Street
$ 2,700,000
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936 N 198th Street

Shoreline, WA, 98133
$ 2,700,000
Bedrooms24 Baths12.0 Sq 8,400

Monthly Estimate*

$ 17,048

Listed by Westlake Associates, Inc.
936 N 198th Street, Shoreline, WA 98133 - Image 1
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Multi-Family Home for sale in Shoreline, WA

for $2,700,000 with 24 bedrooms and 12 full baths. This 8,400 square foot home was built in 1962 on a lot size of 0.4077.

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.

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Multi-Family Active

Price

$ 2,700,000

Bedrooms

24

Full Bath

12

Property Type

Multi-Family

Taxes

$ 29,755

Style

10+ Units

Lot Size

0.4077

Year Built

1962

Town/City

Shoreline

County/Region

King

MLS | Web ID

2573588

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Flat See Remarks
HOA Fee 0
Garage Spaces 0
Year Built 1962
Property Subtype Multi Family
Tax Year 2026
County King
Net Operating Income 166876
Insurance Expense 13200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Shoreline
Possible Use Multi-Family
Special Listing Conditions None
Status Active
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.
City Shoreline
Senior Community Y/N N
High School District Shoreline
Zoning Description Multi-Family
Number Of Units Total 12
MLS Area 715 - Richmond Beach/Shoreline
Lot Size Units Square Feet
Lot Size Square Feet 17761
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 29755
Electric Expense 0
Fuel Expense 0
Public Remarks 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 stai
Leasable Area 8400
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 12
Water Sewer Garbage 17510
Property Style 56 - 10+ Units
Cap Rate 6.18
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Exterior
Exterior Amenities Wood
Total Parking 20
Building Area Total 8400
Lot Size Acres 0.4077
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 20
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Interior
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 NWM2573588
Street Number 1 936
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* Excluded Features
List By
David W Petersen

Listing Agent

Westlake Associates, Inc.

Broker

Affordability Calculator

$19,528
Per Month
87%
13%
0%
Monthly Principal & Interest
$17,048
Monthly Property Taxes
$2,480
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
256873 Elementary School
257732 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/24/2026$2,700,000 Listed Price

Map


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936 N 198th Street, Shoreline, WA, 98133 is a Multi-Family Home for sale at $2,700,000 with 8,400 sqft and a lot size of 0.4077. 936 N 198th Street has 24 bedrooms, 12.0 baths, and was built in 1962. The property's zip code is 98133 which is in Shoreline, WA