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No HOA
Street View
Listed by: David W Petersen (206) 300-8909 , Chad Michael Martini (206) 321-3226 | Westlake Associates, Inc. (206) 505-9400
$2,700,000
Monthly Est:$13,439
24 Beds
12 Baths
8,400sqft
936 N 198Th St, Shoreline, WA 98133
$2,700,000
$13,439/moEst:
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Multi Family
Built in 1962
$-- HOA
17,761 sqft lot
$321/sq.ft
Description
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.
- Houzeo last checked: 11 hours ago
- Listing updated: September 24, 2026 at 6:28 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2573588
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1962
HOA Fees
-
Finished Area
8,400 sqft
Lot Size
17,761 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2573588
MLS Status
Active
Days on Market
38
Cumulative Days on Market
38
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 24
Bathrooms: 12
Interior
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Forced Air
Cooling
None
Construction
Year Built
Year Built: 1962
Home type
Multi Family
Roof
Flat, See Remarks
Construction Materials
Wood
Other Features
Subdivision Name
Shoreline
Price History
| Date | Event | Price |
|---|---|---|
08/24/2026 Source: | Listed for Sale | $2,700,000 $321/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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