16068 Greenwood Avenue N, Shoreline, WA 98133
- $1,825,000
- 5,300
- SqFt
Listing courtesy of Keller Williams Rlty Bellevue.
- List Price
- $1,825,000
- Status
- ACTIVE
- MLS#
- 2568387
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 5,300
- Area Total SqFt
- 5300
- Annual Tax Ammount
- 11274
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 13,282
- Sewer
- Sewer Connected
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!
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Additional Information
- List Date
- 2026-08-13 18:28:12
- Community
- Richmond Highlands
- Net Operating Income
- $99,242
- Gross Adjusted Income
- $143,700
- Gross Scheduled Income
- $144,422
- Total Monthly Income
- $144,422
- Insurance Expenses
- $7,023
- Water/Sewer/Garbage Expenses
- $5,449
- Gross Rent Multiplier
- 12.64
- Total Expenses
- $44,458
- Cap Rate
- 5
- Vacancy Rate
- 1
- Total Number of Units
- 16
- Unit Name
- 16068
- Potential Terms
- Cash
- Year Built
- 1983
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 6342
- Other Expenses
- 11715
- Energy Source
- Electric, Natural Gas
- School District
- Shoreline
- Elementary School
- Highland Terrace Ele
- Middle School
- Albert Einstein Mid
- High School
- Shorewood High
- Total Monthly Income
- $144,422
- Gross Scheduled Income
- $144,422
- Vacancy Rate
- 1
- Gross Adjusted Income
- $143,700
- Tax Year
- 2025
- Insurance Expense
- $7,023
- W/S/G Expenses
- $5,449
- Total Expenses
- $44,458
- Net Operating Income
- $99,242
- Gross Rent Multiplier
- 12.64
- Cap Rate
- 5
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 is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.