$1,825,000

16 Beds 9 Baths 5,300 SQFT 0.30 Acres
Type: Multi-Family

16068 Greenwood Avenue N
Shoreline, WA 98133

MLS#: 2568387
Presented by: Keller Williams Rlty Bellevue; Maggie Sun; 425-615-8293; maggie@maggiesunre.com

Property Description

 

Investor’s dream just steps from Shoreline Community College! This high-performing official duplex offers an exceptional Multifamily/Boarding House/Student Housing opportunity with a strong rental history and consistently high occupancy. One side was fully renovated in 2014 and features 8 private rooms with 4 bathrooms. The other side was newly built in 2017 with city permits and offers another 8 private rooms with 5 bathrooms, all in excellent condition. Both sides feature gourmet kitchens, dedicated washers and dryers for tenants to use at no additional cost, and functional layouts designed for shared living. Vacancies have historically been rare, with 2025 gross rental income approaching $145,000—a true cash-flow property. Located in a quiet, private setting with 12 on-site tenant parking spaces. Convenient access to Hwy 99, Shoreline light rail, shopping, dining, restaurants, and everyday amenities. A rare opportunity to acquire a proven income-producing property in a highly desirable rental location—an excellent addition to any investment portfolio!


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Hardwood, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories2

General

AmenitiesFire Sprinklers
Building Area Units0 sqft
Building NameHighland Acres Add
Cap Rate5
Carport Spaces0
Carport Y/NNo
CityShoreline
CoolingNone
CountyKing
DirectionsOn Aurora, west on 160th, north on Greenwood Ave.N Property on the right just accross from Shoreline Community College. Home at end of long private driveway behind another house.
Electric Expense6342
Elementary SchoolHighland Terrace Ele
Fuel Expense2655
Garage Spaces0
HOANo
HOA Fee$0
HeatingForced Air
High SchoolShorewood High
High School DistrictShoreline
Insurance Expense7023
Leasable Area5,300 sqft
Listing TermsCash
Living Area0 sqft
Lot Size Square Feet13,282 sqft
Lot Size UnitsSquare Feet
MLS Area715 - Richmond Beach/Shoreline
Middle/Junior High SchoolAlbert Einstein Mid
NWM_ShowMapLinkY
Net Operating Income99242
New ConstructionNo
Number Of Units Total16
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksInvestors dream just steps from Shoreline Community College! This high-performing official duplex offers an exceptional Multifamily/Boarding House/Student Housing opportunity with a strong rental his
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameRichmond Highlands
Tax Annual Amount$11,274
Tax Year2025
Units Below Gradefalse
Units In Building Total16
ViewTerritorial
Water CompanySPU
Water Sewer Garbage5449
Year Built1983
Zoning DescriptionMulti-Family

Exterior

Building Area Total5,300 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesDead End Street, Paved
Lot Number78
Lot Size Acres0.3049
Parking Uncovered Total12
Site FeaturesDeck, Fenced-Fully, Gas Available, High Speed Internet, Patio
Total Parking12
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Highland Terrace Ele Elementary School
Middle School Albert Einstein Mid
High School Shorewood High

  

Similar Properties

$1,825,000

16 Beds 9 Baths 5,300 SQFT 0.30 Acres
Type: Multi-Family

16068 Greenwood Avenue N
Shoreline, WA 98133

MLS#: 2568387