


2224 NE 197th PlaceShoreline, WA 98155
Multi-Family · 6 Beds · 3,382 Sq. ft. | 0.19 Acres2224 NE 197th Place Overview
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Exceptional Investment Opportunity in Shoreline! TURN KEY Discover this beautifully updated 4-plex located just minutes from the new Shoreline light rail station, offering unmatched convenience and long-term growth potential. Each of the four units has been thoughtfully renovated with modern finishes, creating stylish, low-maintenance living spaces that attract and retain quality tenants. All units feature updated kitchens, bathrooms, flooring, and fixtures, ensuring minimal future capital expenses. This property boasts a strong consistent rental history, with all four units currently leased. Residents enjoy easy access to I-5, shopping, parks, Lake Forest Park, and Edmonds, making this an ideal location for commuters and lifestyle-focused tenants alike. Each unit equipped with in-unit washers and dryers, complemented by a common area coin-operated machine for larger loads and comforters. The upper units offer private decks, while the lower units feature fenced yards, providing desirable outdoor living spaces. Pride of ownership is evident throughout, with zero deferred maintenance and a well-cared-for structure that reflects long-term stewardship. Zoned R24, this property offers excellent future development potential in an ever-growing area. Originally designed for owner-occupancy in Unit B with three income-producing units, this versatile investment presents a rare opportunity for both investors and owner-users seeking stable returns in a prime Shoreline location.
2224 NE 197th Place Facts & Features
- Type Multi-Family
- Sq. ft. 3,382
- Price/Sq.ft. $384
- Lot 0.19 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Shoreline
- Elementary School: Lake Forest Park Ele
- Middle Or Junior School: Kellogg Mid
- High School: Shorecrest High
Green Features
- Green Energy Efficient: Thermal Windows
Income/Expenses
- Other Expense: 2100
- Electric Expense: 840
- Fuel Expense: 0
- Gross Scheduled Income: 84300
- Insurance Expense: 2544
- Net Operating Income: 62682
- Total Expenses: 21618
- Total Monthly Income: 7025
- Water/Sewer/Garbage: 5907
Building Information
- Building Name: Ballinger Woodlands
- New Construction: No
- Year Built: 1978
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 720 - Lake Forest Park
- Subdivision Name: Ballinger
Community/Development
- Amenities: Coin Op Laundry,Thermal Windows
Tax Information
- Tax Annual Amount: $10,227.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 0508000040
- Possible Use: Multi-Family,See Remarks
- Property Condition: Very Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 3382
- Building Area Units: Square Feet
- Calculated Square Footage: 3382
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3382
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Fully Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking Spaces: 4
- Open Parking: Yes
- Parking Total: 8
- Parking Uncovered Spaces: 4
- Parking Uncovered Total: 4
Lot Information
- Irrigation Water Rights: No
- Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
- Lot Size Acres: 0.1905
- Lot Size Square Feet: 8297
- Lot Size Units: Square Feet
- Site Features: Cable TV, Deck, Fenced-Fully, High Speed Internet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Construction Methods: Standard Frame
- Roof: Composition, See Remarks
- Structure Type: Quadruplex
General Information
- Carport Spaces: 4
- Carport: No
- Covered Spaces: 4
- Exterior Features: Wood
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1500
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1675
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1875
- Beds Total: 2
- Baths Total: 2
Unit 3 Details
- Actual Rent: 1975
- Beds Total: 2
- Baths Total: 2
2224 NE 197th Place Neighborhood
Community
98155 (Shoreline) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2224 NE 197th Place Monthly Cost
2224 NE 197th Place Market Data
Based on the last 30 days in this zip code
2224 NE 197th Place History
| Date | Value | Agent |
|---|---|---|
| 4/23/2026Source: NWMLS | Active |
|
| 4/6/2026Source: NWMLS | Pending Inspection |
|
| 2/12/2026Source: NWMLS | $1,299,950 -1.9% |
|
| 11/11/2025Source: NWMLS | $1,325,000 -1.9% |
|
| 9/5/2025Source: NWMLS | September 05, 2025 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |









































