2224 NE 197TH Place Shoreline, WA $ 1,299,950
2224 NE 197TH Place
$ 1,299,950
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2224 NE 197TH Place

Shoreline, WA, 98155
$ 1,299,950
Baths0.0 Sq 3,382

Monthly Estimate*

$ 8,004

Listed by Windermere Real Estate JS
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Studio

Multi-Family Home for sale in Shoreline, WA

for $1,299,950. This 3,382 square foot home was built in 1978 on a lot size of 0.1905.

Exceptional Investment Opportunity in Shoreline! [TURN KEY] Discover this beautifully updated 4-plex located just minutes from the new Shoreline light rail station, 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 units feature updated kitchens, bathrooms, flooring, and fixtures, ensuring minimal future capital expenses. This property boasts a strong consistent rental history, with all four units currently leased. Residents enjoy easy access to I-5, shopping, parks, Lake Forest Park, and Edmonds, making this an ideal location for commuters and lifestyle-focused tenants alike. Each unit equipped with in-unit washers and dryers, complemented by a common area coin-operated machine for larger loads and comforters. The upper units offer private decks, while the lower units feature fenced yards, providing desirable outdoor living spaces. Pride of ownership is evident throughout, with zero deferred maintenance and a well-cared-for structure that reflects long-term stewardship. Zoned R24, this property offers excellent future development potential in an ever-growing area. Originally designed for owner-occupancy in Unit B with three income-producing units, this versatile investment presents a rare opportunity for both investors and owner-users seeking stable returns in a prime Shoreline location.

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Multi-Family Active

Price

$ 1,299,950

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 62682
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 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 Exceptional Investment Opportunity in Shoreline! [TURN KEY] Discover this beautifully updated 4-plex located just minutes from the new Shoreline light rail station offering unmatched convenience and
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 4.82
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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 4
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Fully High Speed Internet
Parking Uncovered Total 4
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

$8,856
Per Month
90%
10%
0%
Monthly Principal & Interest
$8,004
Monthly Property Taxes
$852
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
2/12/2026$1,299,950 -1.89% Price Down
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 $1,299,950 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