1728 145th St, Shoreline, WA 98155
Apartment building near Seattle with modernized units and light rail access.
- Added:
- Mar 6, 2025
- Days on Market:
- 464
- Last Refresh:
- May 11 at 12:54 am
Property Features for 1728 145th St
General Information
- Standard status
- Active
- Size
- 6,446 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing agent DAVID PETERSEN
Listing office WESTLAKE ASSOCIATES, INC.
Listing date Mar 6, 2025
Source Corcoran
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 WESTLAKE ASSOCIATES, INC.
HighLights
- Proximity to the 145th Street Light Rail Station.
- Located in Shoreline, bordering Seattle, offering access to Seattle rental yields while avoiding its landlord‑tenant laws.
- Attractive mix of 3‑bedroom, 2‑bedroom, and 1‑bedroom units averaging 760 square feet.
- Over 50% of units are modernized with LVT flooring, updated kitchen countertops, and refreshed bathroom surrounds.
- Each unit features sizable balconies or patios.
- Off‑street parking available for 13 cars.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.4k | $30.00 |
| − Vacancy | −$11.2k | −$1.74 |
| EGI | $182.2k | $28.26 |
| − OpEx | −$82.0k | −$12.72 |
| NOI | $100.2k | $15.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shoreline
- County
- King
- State
- Washington
- Longitude
- -122.309
- Latitude
- 47.7343
