1115 N 183rd St

For Sale

1115 N 183rd St, Shoreline, WA 98133

This Shoreline property for sale is located at 1115 N 183rd St. The general use of 1115 N 183rd St is multi-family and it incorporates 19,218 square feet of class B multi-family space. The current listed sale price for 1115 N 183rd St is $4,950,000. 1115 N 183rd St is situated on a lot that is 0.68 acre in size.

Contacts

broker
Ryan Downing

Capstone Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 19,218 SF
  • Units 23
  • Lot Size 0.68 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1963
  • Date Updated Feb 10, 2025
Immerse yourself in the vibrant community surrounding the property in Shoreline, a coveted location for office investors. Just moments away, discover the Shoreline Farmers Market, where the local community gathers to enjoy fresh produce, artisanal goods, and live music. Nearby, Richmond Beach Saltwater Park offers stunning waterfront views and serene walking trails, providing an ideal retreat for employees and tenants. With easy access to dining options such as Bongos Café and the cozy atmosphere of Ristorante Picolinos, the area provides an inviting environment for professional activities. Embrace the convenience and charm of Shoreline, offering a promising backdrop for any office investment venture.Welcome to a rare investment opportunity in the vibrant and growing city of Shoreline! This 23-unit apartment building presents not only a solid, mid-60s construction but also an incredible value-add renovation opportunity for investors seeking significant upside in rents. With strategic unit renovations, buyers can unlock the property’s full potential by adding in-unit washers and dryers, modernizing kitchens with sleek cabinets and stylish countertops, and upgrading appliances to a premium package—enhancing both tenant appeal and rental income. Nestled in a prime location close to shopping, dining, and public transportation, this property naturally attracts quality tenants. The building features spacious floor plans designed for comfortable living, making it a desirable choice for renters seeking a quiet and convenient community. The expansive courtyard provides a tranquil outdoor space, adding to the property's charm. Highlander House is ideally situated just a 6-minute drive from the new Shoreline Link Light Rail station, ensuring easy access to a broader tenant base and boosting demand. With its strong foundation, prime location, and immense renovation potential, this property offers investors the chance to maximize returns in Shoreline’s dynamic and growing market. Don't miss out on this exceptional value-add investment opportunity!
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Highlights

  • - Prime Location: Situated in the vibrant and growing city of Shoreline, close to shopping, dining, and the new Link Light Rail station.
  • - Solid Mid-60s Construction: Built to last, showcasing durability and timeless appeal.
  • - Significant Value-Add Potential: Increase rental income by adding in-unit washers and dryers, modernizing kitchens with sleek cabinetry and countertops, and upgrading appliances.
  • - Spacious Floor Plans: Well-designed layouts ideal for unit upgrades, enhancing tenant appeal and retention.
  • - Large Courtyard Setting: A serene outdoor space that adds to the property’s charm and desirability.
  • - Ample Parking: 33 total parking spaces, including 18 covered carports and 2 garages.
  • - High Rental Upside: Opportunity to modernize units and maximize returns in a thriving and growing rental market.

Getting around

  • 73/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 72/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Shoreline, WA
  • Neighborhood Meridian Park
  • Zip Code 98133
  • Market Seattle

Points of Interest

  • NE 130th Street

    2.74 miles

  • Edmonds

    3.92 miles

  • Northgate

    4.09 miles

  • Brooklyn Avenue & 45th Street

    7.08 miles

  • U District

    7.10 miles

  • 43rd Street & Brooklyn Avenue

    7.14 miles

  • Fairview & Campus Drive

    9.25 miles

  • Westlake & Mercer

    9.47 miles

  • Terry & Mercer

    9.53 miles

  • Westlake & Thomas

    9.67 miles

  • Tesla Supercharger

    0.37 miles

  • Shell

    0.38 miles

  • Costco Gasoline

    0.93 miles

  • 76

    0.97 miles

  • Chevron

    1.24 miles

  • Safeway

    1.52 miles

  • Blink Charging Station

    3.54 miles

  • Electrify America Charging Station

    3.59 miles

  • eVgo

    3.82 miles

  • Northgate Supercharger

    3.85 miles

  • Shoreline Park & Ride

    0.42 miles

  • Aurora Village Transit Center Park & Ride

    0.96 miles

  • Greenwood Lot (Student Parking)

    0.97 miles

  • Staff Parking

    1.03 miles

  • Student Parking

    1.04 miles

  • Shoreline North/185th Station Garage

    1.04 miles

  • Visitor Parking

    1.18 miles

  • Car Park

    1.19 miles

  • Days Inn by Wyndham Seattle Aurora

    0.72 miles

  • Econo Lodge Edmonds North Seattle

    1.48 miles

  • Studio 6 Extended Stay

    1.97 miles

  • Comfort Inn & Suites

    2.22 miles

  • Nites Inn Motel

    3.14 miles

  • Rode Inn

    3.63 miles

  • Hotel Nexus

    3.63 miles

  • Courtyard Seattle Northgate

    3.71 miles

  • Embassy Suites by Hilton Seattle North Lynnwood

    4.19 miles

  • Columbus Motor Inn

    4.28 miles

  • Fred Meyer

    0.16 miles

  • Trader Joe's

    0.43 miles

  • QFC

    0.96 miles

  • Marshalls

    1.16 miles

  • Town & Country

    1.30 miles

  • Safeway

    1.40 miles

  • Parkwood Plaza

    1.48 miles

  • TJ Maxx

    1.62 miles

  • Village Market Thriftway

    1.90 miles

  • Boo Han Oriental Market

    2.26 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ryan Downing

Capstone Commercial

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