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    18800 15Th Ave NE Shoreline, WA 98155

    For Sale
    $900,000

    Development site with income potential near new Shoreline Light Rail.

    Property size:
    2,207 SF
    Lot size:
    0.48 Acres

    Property Features for 18800 15Th Ave NE

    General Information

    Size
    2,207 SF
    Lot size
    0.48 Acres

    Building Details

    Year built
    1982

    Source: KW Greater Seattle Agent John Anderson

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

    Overview

    Development Site Near Shoreline Light Rail

    This property is a development site with income potential, located close to the new Shoreline Light Rail. It features a 2,207-square-foot home with two units that require work but offer rental income while planning a project. The upper unit has vaulted ceilings, two bedrooms, two bathrooms, and an open, spacious kitchen. The lower unit includes a separate entrance, kitchen, one bedroom, and two bathrooms, plus a large shop area suitable for tenants or extended living. The property offers the option to live in one unit and rent the other, or lease both during development. It presents an upside for investors or builders looking to create value.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -122.3135231
    Latitude
    47.7648582

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    FAQs

    What type of property is this?
    Duplex - Development site with income potential near new Shoreline Light Rail.
    Where is this duplex located?
    The property is located at 18800 15Th Ave NE Shoreline, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Prime development site near future Shoreline Light Rail station.; - Income potential from existing two-unit home.; - Upper unit: vaulted ceilings, 2 bedrooms, 2 bathrooms, open kitchen.
    Request Owner's contact information
    18800 15Th Ave NE Shoreline, WA 98155
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    Shoreline, WA 98155
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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
    18800 15Th Ave NE Shoreline, WA 98155
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