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.

Exterior features

Wood

Property details

Heating: Forced Air
Cooling: None
Sewer: Sewer Connected

Costs

Annual taxes: $29,755 (2026)

Estimate your monthly payment

$16,132/mo

Principal & interest: $13,653
Property taxes: $2,480

Down payment (20%) $540,000 Interest rate (%) Loan term (years)

Loan amount $2,160,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Shoreline, WA 98133

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Westlake Associates, Inc.— David W Petersen.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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