Property Details
2152 N 185th Street
Shoreline, WA 98133
$9,000,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Echo Lake
Listed
Oct 9, 2025
Financial Summary
Cap Rate
5.30%
Net Operating Income
$483,434
Gross Scheduled Income
$591,912
Gross Rent Multiplier
15.20
Total Expenses
$109,161
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
15,746
Leasable Area
14,960 sqft
Total Units
22
Zoning
Multi-Family,See Remarks
Possible Use
Multi-Family, See Remarks
Lot Size
9,265 sqft
Year Built
2024
Exterior & Lot
Lot Size
0.21 sqft
Year Built
2024
Exterior Materials
Cement
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Sidewalk
Exterior Features
Cement/Concrete
Location
City
Shoreline
County
King
Coordinates
47.76358, -122.33269
Additional Information
Tax Year
2025
Annual Taxes
$8,772
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
