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$2,700,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago

Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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The Encore Apartments offers a new investor a great value add opportunity in a landlord friendly city. A new investor over time can also renovate units upon turnover and modernize each unit with stainless steel appliances, granite/quartz counters, new cabinets etc. In current condition, a new investor can raise rents and get this building to a 7.18% CAP Rate. Excellent value-add opportunity. All 12 units are Two-Bed/One-Bath units averaging about 700 square feet each. Ample open parking available on site that has been re-paved and re-striped. Building has updated electrical panels and a newer TPO roof. Coin-operated common laundry available. Conveniently located in Shoreline, property has easy access to Rapid Ride Transit, Highway 99, Interstate-5, and the 185th Street Light Rail Station.

Full Property Details for 936 N 198th St

General

  • Price: $2,700,000
  • Taxes: $29,755 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2573588
  • Updated: 8/24/2026
  • Added to Site: 2 day(s) ago

Parking

  • Uncovered Spaces: 20

Location

  • Area: 715 - Richmond Beach/Shoreline
  • County: King
  • Subdivision: Shoreline
  • Driving Directions: From Downtown Seattle, get on I-5 Express N from Marion St, 6th Ave and Olive Way. Follow I-5 Express N and I-5 N to NE 175th St in Shoreline. Take exit 176 from I-5 N. Follow NE 175th St.

School Information

  • High School District: Shoreline

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood
  • Roof: Flat, See Remarks
  • Stories in Building: 2
  • Square Feet: 8,400
  • Year Built: 1962

Unit Information

  • Units in Building: 12

Lot Features

  • Lot Size (Acres): 0.4077
  • Lot Size (Sq. Ft.): 17,761
  • Lot Size Source: KCA
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $29,755
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2227900075

Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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Schools serving 936 N 198th St

School District:Shoreline School District
NameGradesDistance
Echo Lake Elementary School
19345 Wallingford Avenue North, Shoreline, WA 98133
K-60.4 mi
Albert Einstein Middle School
19343 3rd Avenue Northwest, Shoreline, WA 98177
7-80.8 mi
Shorewood High School
17300 Fremont Avenue North, Shoreline, WA 98133
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 936 N 198th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/24/2026
Listed
$2,700,000
462.5%
MLS
1/04/1995
Sold
$480,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 936 N 198th St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$29,755
7%
$2,542,000
8%
2024
$27,896
-14%
$2,344,000
-12%
2024
$32,590
11%
$2,656,000
—
2022
$29,485
-7%
$2,656,000
11%
2021
$31,820
—
$2,394,000
—
2021
$31,820
3%
$2,402,000
3%
2020
$30,752
24%
$2,338,000
24%
2019
$24,762
6%
$1,884,000
7%
2018
$23,265
18%
$1,756,000
13%
2017
$19,798
-1%
$1,559,000
2%
2016
$20,011
18%
$1,528,000
21%
2015
$16,941
-12%
$1,258,000
-2%
2014
$19,207
—
$1,288,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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936 N 198th Street, Shoreline, WA 98133 (MLS# 2573588) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 936 N 198th Street is currently listed for $2,700,000 and was received on August 24, 2026. Want to learn more about 936 N 198th Street? Do you have questions about finding other Multi-Family real estate for sale in Hillwood Park? You can browse all Hillwood Park real estate or contact a Coldwell Banker agent to request more information.

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