Property Details
16068 Greenwood Avenue N
Shoreline, WA 98133
$1,825,000
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Property Overview
Investor’s dream just steps from Shoreline Community College! This high-performing official duplex offers an exceptional Multifamily/Boarding House/Student Housing opportunity with a strong rental history and consistently high occupancy. One side was fully renovated in 2014 and features 8 private rooms with 4 bathrooms. The other side was newly built in 2017 with city permits and offers another 8 private rooms with 5 bathrooms, all in excellent condition. Both sides feature gourmet kitchens, dedicated washers and dryers for tenants to use at no additional cost, and functional layouts designed for shared living. Vacancies have historically been rare, with 2025 gross rental income approaching $145,000—a true cash-flow property. Located in a quiet, private setting with 12 on-site tenant parking spaces. Convenient access to Hwy 99, Shoreline light rail, shopping, dining, restaurants, and everyday amenities. A rare opportunity to acquire a proven income-producing property in a highly desirable rental location—an excellent addition to any investment portfolio!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Richmond Highlands
Listed
Aug 13, 2026
Structure Type
Duplex
Parcel Number
3293700508
Tax & HOA
Annual Property Tax
$11,274 (2025)
Est. Monthly Tax
$940/mo
Financial Summary
Cap Rate
5.00%
Net Operating Income
$99,242
Gross Scheduled Income
$144,422
Gross Rent Multiplier
12.64
Total Expenses
$44,458
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
5,300
Leasable Area
5,300 sqft
Total Units
16
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
13,281 sqft
Year Built
1983
Exterior & Lot
Lot Size
0.30 sqft
Year Built
1983
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Wood
Community & Access
Directions
On Aurora, west on 160th, north on Greenwood Ave.N Property on the right just accross from Shoreline Community College. Home at end of long private driveway behind another house.
Location
City
Shoreline
County
King
Coordinates
47.74717, -122.35470
Additional Information
Tax Year
2025
Annual Taxes
$11,274
Possession
Array
Based on information submitted to the MLS GRID as of August 13, 2026 12:00 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
