4-Unit Shoreline
19837 25TH, Shoreline, WA 98155
For Sale
$1,250,000
Residential income property with convenient access to Interstate 5 and regional employment, shopping, recreation, and transportation.
Property Size3,500 SF
Price / SF$357.14
Days on Market121
Property Features for 19837 25TH
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Year Built
Listing Agency:
The Foundation Group LLC
Listed By:
Aaron Locke · License #107646
(206) 774-5436
Source:
Skylineproperties
Added: Jul 11
Changed: Nov 6
Last Checked: Nov 8 at 6:32AM
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 The Foundation Group LLC
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Investment Insights
Based on property information with market context.
This four-unit residential income property is located at 19837 25th Ave NE in Shoreline, Washington. The building was constructed in 1980, and the units offer an opportunity for modernization through a value-add plan, as described in the property information.
The property is situated in the Ballinger neighborhood, with access to Interstate 5 and connections toward Downtown Seattle, Bellevue, Lynnwood, and the greater Eastside. Shopping, recreation, employment centers, and transportation options are identified as nearby area conveniences.
The property is situated in the Ballinger neighborhood, with access to Interstate 5 and connections toward Downtown Seattle, Bellevue, Lynnwood, and the greater Eastside. Shopping, recreation, employment centers, and transportation options are identified as nearby area conveniences.
Key Highlights
- Four‑unit residential income property in Shoreline
- Constructed in 1980
- Located at 19837 25th Ave NE, Shoreline, WA 98155
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,033
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,660
$1.2M
Cap Rate 7%
$843,329
$843.3K
Cap Rate 9%
$655,922
$655.9K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$89.3K $25.50/SF
− Vacancy
−$4.9K −$1.41/SF
EGI
$84.3K $24.09/SF
− OpEx
−$25.3K −$7.23/SF
NOI
$59.0K $16.87/SF
Area
King County, WA
Vacancy
5.51%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,660
Cap Rate 7%
$843,329
Cap Rate 9%
$655,922
Alternative Uses
Best Use
Multifamily LT 5
$843.3K
$737.9K – $983.9K
NOI $59,033 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$777.2K
$680.0K – $906.7K
NOI $54,401 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,129 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 98155, WA
35,948
Population
14,526
Households
2.5
Avg Household Size
41
Median Age
56%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
4,793
Density / Sq Mi
$131,911
Median Household Income
$67,323
Median Earnings
$2,016
Median Rent
$758,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in King County, WA
Properties on Market for Quadplexes in King County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with convenient access to Interstate 5 and regional employment, shopping, recreation, and transportation.
Where is this quadplex located?
The property is located at 19837 25TH Shoreline, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit residential income property in Shoreline; Constructed in 1980; Located at 19837 25th Ave NE, Shoreline, WA 98155
