2152 N 185th Street, Shoreline, WA 98133
- $9,000,000
- 15,746
- SqFt
Listing courtesy of Keller Williams Rlty Bellevue.
- List Price
- $9,000,000
- Status
- ACTIVE
- MLS#
- 2439882
- Days on Market
- 290
- Style
- 56 - 10+ Units
- Finished SqFt
- 15,746
- Area Total SqFt
- 15746
- Annual Tax Ammount
- 8772
- Lot Size (sq ft)
- 9,267
- Sewer
- Sewer Connected
Property Description
Exceptional investment opportunity! This newer 22-unit build is located in the vibrant core of Shoreline, just a short walk to the Light Rail Station. Designed w/ functionality & style in mind, the property is fully fenced & features secured parking w/ 19 stalls. Each unit offers an open floor plan w/ in-unit laundry, contemporary finishes, & modern aesthetic that tenants will love. Top-floor units boast soaring 10-ft ceilings for elevated living. Residents enjoy access to premium amenities including an elevator, bike storage, gym, community room. For peace of mind, the property is equipped w/ a live security camera feed in all accessible common areas. Turnkey, low-maintenance asset in a growing rental market w/ strong upside potential.
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Additional Information
- List Date
- 2025-10-09 23:17:11
- Community
- Echo Lake
- Net Operating Income
- $483,434
- Gross Scheduled Income
- $591,912
- Total Monthly Income
- $48,034
- Insurance Expenses
- $9,268
- Water/Sewer/Garbage Expenses
- $20,956
- Gross Rent Multiplier
- 15.2
- Total Expenses
- $109,161
- Cap Rate
- 5.3
- Vacancy Rate
- 5
- Total Number of Units
- 22
- Unit Name
- 2152
- Potential Terms
- Cash, Conventional
- Year Built
- 2024
- View
- Territorial
- Roof
- Flat, See Remarks
- Site Features
- Deck, Fenced-Partially, Gated Entry, Patio
- Electric Expenses
- 6055
- Other Expenses
- 64109
- Energy Source
- Electric, Natural Gas
- School District
- Shoreline
- Elementary School
- Echo Lake Elem
- Middle School
- Albert Einstein Mid
- High School
- Shorewood High
- Total Monthly Income
- $48,034
- Gross Scheduled Income
- $591,912
- Vacancy Rate
- 5
- Tax Year
- 2025
- Insurance Expense
- $9,268
- W/S/G Expenses
- $20,956
- Total Expenses
- $109,161
- Net Operating Income
- $483,434
- Gross Rent Multiplier
- 15.2
- Cap Rate
- 5.3
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.