1728 NE 145th St - Apartments FOR SALE


Shoreline, WA 98155
$1,775,000 USD
206-623-8880
1728 NE 145th St, Shoreline, WA for Sale
$1,775,000 USD
Apartments - FOR SALE
1/13
null | 5.58% Cap Rate

1728 NE 145th St
Shoreline, WA 98155


HIGHLIGHTS

  • Close to 145th Street Light Rail Station
  • 1, 2, 3-Bedroom Units
  • 13 Off-Street Parking Spaces
  • 1 Block from QFC & Starbucks
  • City of Shoreline Tenant Laws

OVERVIEW

Westlake Associates, Inc. proudly offers the Maggie Apartments For Sale. Located in the City of Shoreline, but it borders the City of Seattle which presents a compelling investment play—leveraging Seattle’s premium rental yields while bypassing its stringent landlord-tenant laws. First time on the market in over 20 years this property should not be street appraised. Constructed in 1970, this solid asset features a mix of 3-bedroom, 2-bedroom, and 1-bedroom units, averaging a generous 760 square feet. Each unit offers sizable balconies or patios and has off street parking for 13 cars. Over 50% of the units have been modernized with LVT flooring, updated kitchen countertops, and refreshed bathroom surrounds, minimizing immediate capex needs. Steps from the 145th Street Light Rail Station, this well-maintained property offers significant upside through market-rate rent adjustments, delivering strong value-add potential for investors seeking stable cash flow and growth.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

8

PRICE/UNIT

$221,875

CAP RATE

5.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maggie Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,966 SF

ZONING

R48, Shoreline

APN/PARCEL ID

367050-0510

ASK ABOUT THIS PROPERTY

David PetersenWestlake Associates, Inc.More Info
206-623-8880

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David PetersenWestlake Associates, Inc.More Info
206-623-8880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.