Duplex With Shared-Living
For Sale
$1,825,000
16068 Greenwood, Shoreline, WA 98133
Two residences provide private rooms, kitchens, laundry facilities, and dedicated tenant parking in Shoreline.
Property Size5,300 SF
Price / SF$344.34
Days on Market77
Property Features for 16068 Greenwood
General Information
Standard status
Active
Size
5,300 SF
Total Parking Spaces
12
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$145,000
Amenities
gourmet kitchens
dedicated washers and dryers
Building Details
Year Built
1983
Listing Agency:
Keller Williams Rlty Bellevue
Listed By:
Maggie Sun
(425) 454-0911
Source:
Century21northhomes
Added: Jul 27
Changed: Oct 10
Last Checked: Oct 10 at 1:39AM
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 Keller Williams Rlty Bellevue
Investment Insights
Based on property information with market context.
This official duplex comprises two separately configured residences designed for shared living. The first side was renovated in 2014 and includes 8 private rooms and 4 bathrooms. The second side was constructed in 2017 with city permits and contains another 8 private rooms and 5 bathrooms. Both residences include gourmet kitchens and dedicated washers and dryers for tenant use.
The property is located at 16068 Greenwood Ave N in Shoreline, near Shoreline Community College, Hwy 99, Shoreline light rail, shopping, dining, and everyday services. Twelve on-site tenant parking spaces serve the property. Historical occupancy has been consistently high, and the residences are positioned for multifamily, boarding house, or student housing use as described in the property information.
The property is located at 16068 Greenwood Ave N in Shoreline, near Shoreline Community College, Hwy 99, Shoreline light rail, shopping, dining, and everyday services. Twelve on-site tenant parking spaces serve the property. Historical occupancy has been consistently high, and the residences are positioned for multifamily, boarding house, or student housing use as described in the property information.
Key Highlights
- Official duplex with two shared‑living residences
- One side renovated in 2014 with 8 private rooms and 4 bathrooms
- Second side built in 2017 with city permits, 8 private rooms, and 5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,662
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,240
$1.9M
Cap Rate 7%
$1,366,600
$1.4M
Cap Rate 9%
$1,062,911
$1.1M
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$143.1K $27.00/SF
− Vacancy
−$6.4K −$1.22/SF
EGI
$136.7K $25.79/SF
− OpEx
−$41.0K −$7.74/SF
NOI
$95.7K $18.05/SF
Area
ZIP 98133
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,240
Cap Rate 7%
$1,366,600
Cap Rate 9%
$1,062,911
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.59M
NOI $95,662 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,804 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,629 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
586
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide private rooms, kitchens, laundry facilities, and dedicated tenant parking in Shoreline.
Where is this duplex located?
The property is located at 16068 Greenwood Shoreline, WA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Official duplex with two shared‑living residences; One side renovated in 2014 with 8 private rooms and 4 bathrooms; Second side built in 2017 with city permits, 8 private rooms, and 5 bathrooms
