2224 NE 197th Place Shoreline, WA 98155
Listing Courtesy of: MLS LogoNorthwest MLS / Windermere Real Estate Js / Natalee Thurston

  2224 NE 197th Place Shoreline, WA 98155

Active (162 Days)
$1,299,950 (USD)

Description

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.

MLS #:
2428924
Taxes
$10,227(2025)
Lot Size
8,297 SQFT
Type
Multifamily
Building Name
Ballinger Woodlands
Year Built
1978
Style
4-Plex
School District
Shoreline
County
King County
Community
Ballinger

Listed By

Natalee Thurston, Windermere Real Estate Js
Source
Northwest MLS as distributed by MLS Grid
Last checked Feb 14 2026 at 10:44 PM GMT+0000
Bathroom Details
Subdivision
  • Ballinger
Lot Information
  • Curbs
  • Dead End Street
  • Sidewalk
  • Paved
  • Cul-De-Sac
Property Features
  • Deck
  • Fenced-Fully
  • Cable Tv
  • High Speed Internet
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
  • Wall Unit(s)
Flooring
  • Vinyl Plank
Exterior Features
  • Wood
  • Roof: Composition
  • Roof: See Remarks
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
  • Energy: Green Efficiency: Thermal Windows
School Information
  • Elementary School: Lake Forest Park Ele
  • Middle School: Kellogg Mid
  • High School: Shorecrest High

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 12, 2026
Price Changed
$1,299,950
-2%
-$25,050
Nov 11, 2025
Price Changed
$1,325,000
-2%
-$25,000
Sep 05, 2025
Listed
$1,350,000
-
-
Additional Listing Info
  • Buyer Brokerage Compensation: 2%
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2/14/26 14:44. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.