936 N 198th Street · Shoreline, WA 98133
Source: NWMLS · Westlake Associates, Inc. · David W Petersen #NWM2573588
About this home
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.
Location
Basics
- Property type
- Multi Family
- Style
- 10+ Units
- Stories
- 2 stories
- Year built
- 1962
- Building area
- 8,400 sq ft
- Lot size
- 17,761 sq ft (0.41 acres)
- County
- King
- MLS #
- NWM2573588
Interior
- Heating
- Forced Air
- Cooling
- None
Exterior & lot
- Exterior features
- Wood
- Roof
- Flat, See Remarks
- Waterfront
- No
Parking
- Parking spaces
- 20
Utilities
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Shoreline
- Property tax
- $29,755 (2026)
Transaction
- Listed on
- Aug 24, 2026
- Days on market
- 26
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Schools
School district: Shoreline
- High
- Shorewood High SchoolSchoolDigger 5 stars · Top 9% in WA
Listing provided courtesy of: Westlake Associates, Inc.
Listing agent: David W Petersen.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-08-24.