$1,395,000
Est. $7,727/moPrice reduced $105,000 from the original $1,500,000 asking price
3,680 sq ft
1627 NE 199th Place, Shoreline, WA 98155
• Listed Jul 3, 2026•106 days active · 106 cumulative
Listing Broker: Maple Leaf Real Estate LLC; Tina Christensen; 425-343-7373; tina@mapleleafmgt.com
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Listing Broker: Maple Leaf Real Estate LLC; Tina Christensen; 425-343-7373; tina@mapleleafmgt.com
About this home
Excellent investment opportunity in a prime Shoreline location near the King/Snohomish County line! This well-maintained fourplex features four spacious 2-bedroom, 1-bath units each with a woodburning fireplace, walk-in closet, 2 large storage/linen closets, in-unit full size washer/dryer and a private covered patio or deck. Situated on a generous 11,475 sq. ft. lot at the end of a quiet dead-end street, the property includes four covered carport spaces, each with its own storage closet plus four additional storage closets for additional monthly income and three additional uncovered parking spaces along with several open guest parking spaces shared with other buildings. Building roof replaced in 2017. Located within the highly regarded Shoreline School District, this income-producing property provides convenient access to 1-5, 1-405, Shoreline and Mountlake Terrace light rail stations, shopping, dining, parks, Lake Washington and Edmonds waterfront. With spacious layouts, abundant parking and storage, and an excellent commuter location, this fourplex presents an outstanding opportunity for investors seeking a quality asset in one of the area's stronger rental markets.
Listed by Tina Christensen • Maple Leaf Real Estate LLC
Listing updated: October 7, 2026 at 09:43pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2548098
Around this home
How much should you offer?
1627 NE 199th Place, Shoreline, WA 98155
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 4-Plex
Flooring
- Ceramic Tile
- Vinyl
- Carpet
Heating & cooling
- Baseboard heating
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDiggerShoreline School District
- Brookside ElementaryPublic · Grades K-5 · State rank 174 of 1,1388/10
- Kellogg Middle SchoolPublic · Grades 6-8 · State rank 99 of 5148/10
- Shorecrest High SchoolPublic · Grades 9-12 · State rank 30 of 39610/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units in building
- 4
- Units below grade
- false
- Building square feet
- 3,680 sq ft
Income & expenses
- Gross scheduled income
- $93,780
- Total monthly income
- $7,815
- Additional monthly income
- $540
- Gross adjusted income
- $93,780
- Net operating income
- $60,975
- Cap rate
- 4.07%
- Gross rent multiplier
- 16
- Total expenses
- $32,804
- Insurance
- $3,391
- Other expenses
- $9,378
- Water / sewer / garbage paid by
- 8568
Parking & storage
- Parking spaces
- 7
- Uncovered parking
- 3
- Covered spaces
- 4
Taxes & assessment
- Annual taxes
- $11,467
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1627 NE 199th Place
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 8, 2026Price reducedNWMLS via MLS Grid · #2548098$1,395,000$379/sq ft
- Jul 3, 2026ListedNWMLS via MLS Grid · #2548098$1,500,000$408/sq ft
- Aug 15, 2014Recorded saleKing County recorder · Statutory warranty deed$635,000$173/sq ft
- Oct 26, 2001SoldNWMLS via MLS Grid · #21088319$415,000$113/sq ft
- Sep 4, 2001PendingNWMLS via MLS Grid · #21088319$425,000$115/sq ft
- Jul 2, 2001ListedNWMLS via MLS Grid · #21088319$425,000$115/sq ft
Mortgage payment forecast
$9,032 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Maple Leaf Real Estate LLC; Tina Christensen; 425-343-7373; tina@mapleleafmgt.com
Market pulse
Shoreline is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 48 days.
Recent sales nearby
Within 1 mile · last 6 months$650,000 Sold
2 days ago
4 bd•2.75 ba•~2,100 sq ft•Single Family
18061 28th Avenue NE, Lake Forest Park, WA 98155
0%
Over list
35
Days on market
0.9 mi
Distance
$795,000 Sold
3 days ago
3 bd•1.75 ba•~1,250 sq ft•Single Family
18934 Forest Park Drive NE, Lake Forest Park, WA 98155
0%
Over list
27
Days on market
0.8 mi
Distance
$750,000 Sold
4 days ago
3 bd•2.5 ba•~2,650 sq ft•Single Family
19703 12th Avenue NE, Shoreline, WA 98155
6%
Under list
82
Days on market
0.3 mi
Distance
$700,000 Sold
1 week ago
5 bd•2 ba•~1,520 sq ft•Single Family
20211 24th Avenue NE, Shoreline, WA 98155
1%
Under list
102
Days on market
0.3 mi
Distance
$835,000 Sold
4 weeks ago
4 bd•2.75 ba•~1,850 sq ft•Single Family
19604 10th Avenue NE, Shoreline, WA 98155
3%
Under list
89
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 17, 2026 at 6:55 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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