1527 -1529 NE 150th Street, Shoreline, WA 98155 (MLS # 2538293)

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Listing provided courtesy of Northwest MLS; Paragon Real Estate Advisors PRICE $1,600,000 BEDS 0 BATHS 0 HOME SIZE 6,437 sqft LOT SIZE 16,218 sqft Request More Info Schedule a Showing

Shoreline Townhomes + SFH is a 6-unit investment opportunity located at 1527-1529 NE 150th Street in Shoreline, Washington. The property includes five 3-bedroom, 1.5-bathroom townhome units and one detached 2-bedroom, 1-bathroom single-family home, totaling 6,437 rentable square feet. Seller financing is available to qualified buyers at an attractive 4.5% interest-only rate with a 5-year term and 25% down payment. The investment presents a compelling value-add opportunity through a renovation program combined with favorable financing. Current rents average $1,101 per unit, approximately 50% below market rates for comparable Shoreline properties. By implementing upgrades and leveraging Washington State RCW statutes (59.18.200, 59.18.650, 59.18.440), tenants may be relocated with proper 120-day notice for permitted renovations. Upon completion, projected rents could increase scheduled gross income by over 90% at stabilized market levels. The property benefits from a strong location within Shoreline, with proximity to highly regarded schools including Shorecrest High School, Kellogg Middle School, Briarcrest Elementary, and Shoreline Christian School, all within one mile. This location supports long-term tenant demand and sustained rental growth.