936 N 198th Street, Shoreline, WA 98133

Shoreline
Local realty services provided by:Knipe Realty ERA Powered
Listed by: david w petersen, chad michael martini
Office: westlake associates, inc.
MLS#:2573588
Source:NWMLS
936 N 198th Street,Shoreline, WA 98133
$2,500,000
  • - Beds
  • - Baths
  • 8,400 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$297.62

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:October 28, 2026 at 12:02 PM

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:$2,500,000
  • Price per sq. ft.:$297.62
  • Tax amount:$29,755 (2026)

Parking

  • Total parking spaces:20
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 28, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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