2224 NE 197TH Place, Shoreline, WA 98155 (MLS # 2428924)
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Listing provided courtesy of Northwest MLS; Windermere Real Estate JS
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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.
| LAST UPDATED | 2/12/2026 | TRACT | Ballinger |
|---|---|---|---|
| YEAR BUILT | 1978 | COMMUNITY | Ballinger |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Lake Forest Park Ele |
|---|---|
| Jr. High School | Kellogg Mid |
| High School | Shorecrest High |
| PRICE HISTORY | |
| Prior to Nov 11, '25 | $1,350,000 |
|---|---|
| Nov 11, '25 - Feb 12, '26 | $1,325,000 |
| Feb 12, '26 - Today | $1,299,950 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 720 - Lake Forest Park |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| LOT | 8298 sq ft |
| LOT DESCRIPTION | Cul-de-sac, Curbs, Dead End Street, Paved, Sidewalk |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | Ballinger |
| TAXES | 10227 |
| UTILITIES | Cable Available, Sewer Connected |
| WATER | Public |
| ZONING | Multi-Family,See Remarks |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2/13/26 10:23 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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