$2,700,000
Est. $14,955/mo8,400 sq ft
936 N 198th Street, Shoreline, WA 98133
• Listed Aug 24, 2026•54 days active · 54 cumulative
Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-300-8909; david@westlakeassociates.com
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Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-300-8909; david@westlakeassociates.com
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.
Listed by David W Petersen • Westlake Associates, Inc.
Listing updated: October 14, 2026 at 12:24pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2573588
Around this home
How much should you offer?
936 N 198th Street, Shoreline, WA 98133
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
- 10+ Units
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDigger- Echo Lake Elementary SchoolPublic · Grades K-5 · 0.4 mi · State rank 502 of 1,1386/10
- Albert Einstein Middle SchoolPublic · Grades 6-8 · 0.8 mi · State rank 92 of 5148/10
- Scriber Lake High SchoolPublic · Grades 9-12 · 1.4 mi · State rank 299 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 12
- Units in building
- 12
- Units below grade
- false
- Building square feet
- 8,400 sq ft
Income & expenses
- Gross scheduled income
- $279,048
- Total monthly income
- $23,254
- Additional monthly income
- $550
- Gross adjusted income
- $265,096
- Net operating income
- $166,876
- Cap rate
- 6.18%
- Gross rent multiplier
- 9.68
- Vacancy rate
- 5%
- Total expenses
- $98,220
- Insurance
- $13,200
- Other expenses
- $37,755
- Water / sewer / garbage paid by
- 17510
Parking & storage
- Parking spaces
- 20
- Uncovered parking
- 20
Taxes & assessment
- Annual taxes
- $29,755
- 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 936 N 198th Street
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.
- Aug 24, 2026ListedNWMLS via MLS Grid · #2573588$2,700,000$321/sq ft
- Dec 21, 1994Recorded saleKing County recorder · Warranty deed$480,000$57/sq ft
Mortgage payment forecast
$18,110 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%.
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Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-300-8909; david@westlakeassociates.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 58 days.
Recent sales nearby
Within 1 mile · last 6 months$635,000 Sold
3 weeks ago
4 bd•2 ba•~2,040 sq ft•Single Family
19708 North Park Avenue N, Shoreline, WA 98133
2%
Under list
55
Days on market
0.1 mi
Distance
$1,295,000 Sold
4 weeks ago
4 bd•3.25 ba•~3,021 sq ft•Single Family
1620 N 183rd Street, Shoreline, WA 98133
4%
Under list
57
Days on market
0.8 mi
Distance
$645,000 Sold
4 weeks ago
3 bd•1 ba•~960 sq ft•Single Family
1314 N 188th Street, Shoreline, WA 98133
4%
Under list
161
Days on market
0.5 mi
Distance
$895,000 Sold
7 weeks ago
4 bd•2.25 ba•~2,760 sq ft•Single Family
1335 N 180th Street, Shoreline, WA 98133
0%
Over list
36
Days on market
0.9 mi
Distance
$716,888 Sold
8 weeks ago
3 bd•2.25 ba•~2,470 sq ft•Single Family
19910 Wallingford Avenue N, Shoreline, WA 98133
2%
Over list
18
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 9:08 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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