1115 N 183rd St

1115 N 183rd St, Shoreline, WA 98133

  • For Sale $4,950,000
  • 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 5, 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.

Contacts

broker

Capstone Commercial

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable
  • Transit Score ®

    52/100 Good Transit
  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Kobe Bento Teriyaki & Wok

    0.06 miles

  • Little Caesars

    0.06 miles

  • Jack in the Box

    0.09 miles

  • CaliBurger

    0.09 miles

  • Thai Bistro

    0.10 miles

  • Spiro's Pizza & Pasta

    0.15 miles

  • Subway

    0.21 miles

  • Sultan Gyro and Schwarma

    0.35 miles

  • Taqueria El Gallo Diaz

    0.81 miles

  • Good Burger

    0.82 miles

  • Nursing Assistant Training Institute

    0.04 miles

  • Evergreen Beauty College

    0.04 miles

  • Saint Luke Elementary School

    0.53 miles

  • Shorewood High School

    0.56 miles

  • Meridian Park Elementary School

    0.60 miles

  • Echo Lake Elementary School

    0.63 miles

  • King's Junior and Senior High School

    0.67 miles

  • King's Elementary School

    0.84 miles

  • Albert Einstein Middle School

    1.03 miles

  • Shoreline Community College

    1.11 miles

  • Edwin Pratt Early Learning Center

    0.67 miles

  • A Place For Kids Early Childhood Academy

    1.18 miles

  • ABC Learning Center

    1.62 miles

  • Evergreen Montessori

    1.97 miles

  • Whizz Kids Academy

    2.44 miles

  • Papitas

    2.73 miles

  • Kangaroo Korner

    3.20 miles

  • Northgate KinderCare

    3.54 miles

  • ReWA Early Learning Center

    3.54 miles

  • SmartStart Day School

    3.67 miles

Frequently Asked Questions

How much does 1115 N 183rd St cost?

The space currently listed for sale at 1115 N 183rd St asks for $4,950,000.

What is the total square footage of 1115 N 183rd St?

1115 N 183rd St totals 19,218 square feet.

When was this property built?

1115 N 183rd St was built in 1963.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

Capstone Commercial

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