Courtesy: Paragon Real Estate Advisors
206-623-8880
Ben Douglas
Shoreline Townhomes + SFH is a 6-unit investment opportunity located at 1527–1529 NE 150th Street in Shoreline, Washington. The property includes five 3-bedroom, 1.5-bathroom townhome units and one detached 2-bedroom, 1-bathroom single-family home, totaling 6,437 rentable square feet. Seller financing is available to qualified buyers at an attractive 4.5% interest-only rate with a 5-year term and 25% down payment. The investment presents a compelling value-add opportunity through a renovation program combined with favorable financing. Current rents average $1,101 per unit, approximately 50% below market rates for comparable Shoreline properties. By implementing upgrades and leveraging Washington State RCW statutes (59.18.200, 59.18.650, 59.18.440), tenants may be relocated with proper 120-day notice for permitted renovations. Upon completion, projected rents could increase scheduled gross income by over 90% at stabilized market levels. The property benefits from a strong location within Shoreline, with proximity to highly regarded schools including Shorecrest High School, Kellogg Middle School, Briarcrest Elementary, and Shoreline Christian School, all within one mile. This location supports long-term tenant demand and sustained rental growth.
Courtesy: Keller Williams Rlty Bellevue
425-454-0911
Tuyet Luong
Exceptional investment opportunity! This newer 22-unit build is located in the vibrant core of Shoreline, just a short walk to the Light Rail Station. Designed w/ functionality & style in mind, the property is fully fenced & features secured parking w/ 19 stalls. Each unit offers an open floor plan w/ in-unit laundry, contemporary finishes, & modern aesthetic that tenants will love. Top-floor units boast soaring 10-ft ceilings for elevated living. Residents enjoy access to premium amenities including an elevator, bike storage, gym, community room. For peace of mind, the property is equipped w/ a live security camera feed in all accessible common areas. Turnkey, low-maintenance asset in a growing rental market w/ strong upside potential.
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Shoreline is located in Washington. Shoreline, Washington has a population of 58,213. Shoreline is less family-centric than the surrounding county with 32.96% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Shoreline, Washington is $95,623. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Shoreline is 41.7 years.
The average high temperature in July is 74.2 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 36.6 inches per year, with 4.6 inches of snow per year.
