Shoreline, WA 98155 2224 NE 197TH PLACE

$1,350,000

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Presented By: Windermere Real Estate JS and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2428924
  • 09/05/2025
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Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
  • SQFT • 3,382

Home Details

*MUST HAVE SIGNED AROUND PURCHASE AGREEMENT PRIOR TO VIEWING*Exceptional Investment Opportunity in Shoreline! Discover this beautifully updated 4-plex located just minutes from the new Shoreline light rail station—a prime location offering unmatched convenience and long-term growth potential. Each of the four units has been thoughtfully renovated with modern finishes, creating stylish, low-maintenance living spaces that attract and retain quality tenants. All 4 units fully updated with updated kitchens, bathrooms, flooring, and fixtures. Strong rental history – every unit is currently leased. Walking distance to the new light rail, I-5, shopping, parks, Lake Forest Park and Edmonds.
Presented By: Windermere Real Estate JS and NWMLS

Interior Features for 2224 NE 197TH PLACE

Bedrooms

Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2

General for 2224 NE 197TH PLACE

AmenitiesCoin Op Laundry, Thermal Windows
Building Area UnitsSquare Feet
Building NameBallinger Woodlands
Cap Rate4.64
Carport Spaces4
Carport Y/NNo
CityShoreline
CoolingNone
CountyKing
DirectionsFrom I-5 exit 177, east on Ballinger Way, right on 23rd Ave NE, building 4th on the right.
Electric Expense840
Elementary SchoolLake Forest Park Ele
Energy EfficientThermal Windows
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Wall Unit(s)
High SchoolShorecrest High
High School DistrictShoreline
Insurance Expense2544
Leasable Area3382
Listing TermsCash Out, Conventional
Lot Size Square Feet8297
Lot Size UnitsSquare Feet
MLS Area720 – Lake Forest Park
Middle/Junior High SchoolKellogg Mid
ModificationTimestamp2025-09-09T17:22:11.169Z
NWM_ShowMapLinkY
Net Operating Income21618
New ConstructionNo
Number Of Units Total4
Open Parking Spaces4
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family, See Remarks
Property ConditionVery Good
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks*MUST HAVE SIGNED AROUND PURCHASE AGREEMENT PRIOR TO VIEWING*Exceptional Investment Opportunity in Shoreline! Discover this beautifully updated 4-plex located just minutes from the new Shoreline lig
RoofComposition, See Remarks
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameBallinger
Tax Annual Amount10227
Tax Year2025
Units Below Gradefalse
Units In Building Total4
Water CompanyNorth City
Water Sewer Garbage5907
Year Built1978
Zoning DescriptionMulti-Family, See Remarks

Exterior for 2224 NE 197TH PLACE

Building Area Total3382
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
Lot Number4
Lot Size Acres0.1905
Parking Uncovered Spaces4
Site FeaturesCable TV, Deck, Fenced-Fully, High Speed Internet
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Kellogg Mid
High School Shorecrest High
Elementary School Lake Forest Park Ele Elementary School

Josh QA1

REALTOR ® SRES ®
Price $1,350,000
MLS#2428924
List Date 09/05/2025
Property Type Multi-Family
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
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