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    1115 183Rd St Shoreline, WA 98133

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    For Sale
    $4,350,000

    23-unit apartment building in Shoreline with value-add renovation potential.

    Building Details

    Year built
    1963

    Source: CAPSTONE COMMERCIAL REAL ESTATE ADVISORS Agent RYAN DOWNING

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shoreline 23-Unit Apartment Building

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.3446421
    Latitude
    47.7609619

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    FAQs

    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.
    Request Owner's contact information
    1115 183Rd St Shoreline, WA 98133
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1115 183Rd St Shoreline, WA 98133
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