$1,600,000
1529 -1529 NE 150th Street, Shoreline, WA 98155
6,437 Sq Ft
Favorite
Email

MLS #2538293 / Listing provided by NWMLS & Paragon Real Estate Advisors.

$1,600,000

1529 -1529 NE 150th Street
Shoreline, WA 98155

Active 20 hours ago
6,437
Sq Ft
$249
Per Sq Ft
1977
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 12
  • Total Uncovered Parking Spaces: 12

Structure

  • Roof: Composition
  • Exterior Features: Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Acres: 0.3723
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Shoreline

Lot Details

  • Acres: 0.3723
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Available
  • Water Source: Public
  • Water, Sewer, and Garbage: 14819
Mortgage Calculator
Details Home Team

Details Home Team

Send Details Home Team an email