Listing provided courtesy of Windermere Real Estate JSNWMLSMLS# NWM2428924MLS Provider
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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.

Source: NWMLS, MLS#: NWM2428924

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  • Property Type
    Residential Income
  • Lot
    0.19 acres

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  • Median Age
    40
  • Population Density
    4,300
  • College Educated
    64%
  • Estimated Median Income
    $107,109
  • Estimated Total Home Owners
    9,693
  • Estimated Total Renters
    3,729
  • Owner / Renter Divide
    72% / 28%
  • Estimated Average Household Size
    3
  • Total Population
    35,420
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 2224 NE 197th Place


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/23/2026Source: NWMLS Status Change
Active
4/6/2026Source: NWMLS Status Change
Pending Inspection
2/12/2026Source: NWMLS Price Reduction
$1,299,950 -1.9%
11/11/2025Source: NWMLS Price Reduction
$1,325,000 -1.9%
9/5/2025Source: NWMLS Added to Database
September 05, 2025
6/20/2022Source: NWMLS Added to Database
June 01, 2021