936 N 198th Street, Shoreline, WA 98133

Shoreline
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: david w petersen, chad michael martini
Office: westlake associates, inc.
MLS#:2573588
Source:NWMLS
936 N 198th Street,Shoreline, WA 98133
$2,700,000
  • - Beds
  • - Baths
  • 8,400 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,700,000
  • Price per sq. ft.:$321.43

About this home

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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Home facts

  • Year built:1962
  • Subdivision & Development:Shoreline
  • Listing ID #:2573588
  • Updated:August 26, 2026 at 11:26 AM

Rooms and interior

  • Living area:8,400 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1962
  • Building area:8,400 sq. ft.
  • Lot area:0.41 Acres
  • Construction Materials:Wood Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,700,000
  • Price per sq. ft.:$321.43
  • Tax amount:$29,755 (2026)

Parking

  • Total parking spaces:20
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