Shoreline 23-Unit Apartment
For Sale
$4,350,000
Pending
1115 183rd St, Shoreline, WA 98133
23-unit apartment building in Shoreline with value-add renovation potential.
Property SizeContact for details
Days on Market555
Property Features for 1115 183rd St
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
CAPSTONE COMMERCIAL REAL ESTATE ADVISORS
Listed By:
RYAN DOWNING
Source:
Corcoran
Added: Feb 3, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAPSTONE COMMERCIAL REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
This 23-unit apartment building in Shoreline presents an investment opportunity with value-add renovation potential. Constructed in the mid-1960s, the property offers investors the chance to increase rental income through strategic unit renovations. Potential upgrades include adding in-unit washers and dryers, modernizing kitchens with sleek cabinets and stylish countertops, and upgrading appliances to a premium package. The building features spacious floor plans designed for comfortable living. Its location provides convenient access to shopping, dining, and public transportation, attracting quality tenants.
Key Highlights
- Value‑add renovation opportunity to increase rents.
- Prime location near shopping, dining, and public transportation.
- Spacious floor plans designed for comfortable living.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 98133, WA
50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 23-unit apartment building in Shoreline with value-add renovation potential.
Where is this apartment building located?
The property is located at 1115 183rd St Shoreline, WA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Value‑add renovation opportunity to increase rents.; Prime location near shopping, dining, and public transportation.; Spacious floor plans designed for comfortable living.
