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Matt Johnsen

mjohnsen@att.net +1(206) 880-9961

Listed by:Paragon Real Estate Advisors • Ben Douglas

$ 1,600,000

Est. payment | -/mo

17 Beds

11 Baths

6,437 SqFt

Save

$ 1,600,000

Est. payment | -/mo

Save

17 Beds

11 Baths

6,437 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,437 sqft

Price per Sqft $248

Subdivision Briarcrest

MLS Listing ID 2538293

Style 55 - 5-9 Units

Bedrooms 17

Year Built 1977

Annual Tax Amount $17,826

Lot Size 0.372 Acres

Property Sub-Type Multi Family

Property Description

Shoreline Townhomes + SFH is a 6-unit investment opportunity located at 1527–1529 NE 150th Street in Shoreline, Washington. The property includes five 3-bedroom, 1.5-bathroom townhome units and one detached 2-bedroom, 1-bathroom single-family home, totaling 6,437 rentable square feet. Seller financing is available to qualified buyers at an attractive 4.5% interest-only rate with a 5-year term and 25% down payment. The investment presents a compelling value-add opportunity through a renovation program combined with favorable financing. Current rents average $1,101 per unit, approximately 50% below market rates for comparable Shoreline properties. By implementing upgrades and leveraging Washington State RCW statutes (59.18.200, 59.18.650, 59.18.440), tenants may be relocated with proper 120-day notice for permitted renovations. Upon completion, projected rents could increase scheduled gross income by over 90% at stabilized market levels. The property benefits from a strong location within Shoreline, with proximity to highly regarded schools including Shorecrest High School, Kellogg Middle School, Briarcrest Elementary, and Shoreline Christian School, all within one mile. This location supports long-term tenant demand and sustained rental growth.

Location

State WA

County King

Area 715 - Richmond Beach/Shoreline

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Available

Water Public

New Construction No

Schools

School District Shoreline

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 880-9961

mjohnsen@att.net

1400 112th ave se ste 100, Bellevue, WA, 98004

1527 -1529 NE 150th ST Shoreline, WA 98155

Matt Johnsen

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1527 -1529 NE 150th ST