16068 Greenwood Avenue

Shoreline, WA 98133

About this property

Investor's dream just steps from Shoreline Community College! This high-performing official duplex offers an exceptional Multifamily/Boarding House/Student Housing opportunity with a strong rental history and consistently high occupancy. One side was fully renovated in 2014 and features 8 private rooms with 4 bathrooms. The other side was newly built in 2017 with city permits and offers another 8 private rooms with 5 bathrooms, all in excellent condition. Both sides feature gourmet kitchens, dedicated washers and dryers for tenants to use at no additional cost, and functional layouts designed for shared living. Vacancies have historically been rare, with 2025 gross rental income approaching $145,000-a true cash-flow property. Located in a quiet, private setting with 12 on-site tenant parking spaces. Convenient access to Hwy 99, Shoreline light rail, shopping, dining, restaurants, and everyday amenities. A rare opportunity to acquire a proven income-producing property in a highly desirable rental location-an excellent addition to any investment portfolio!

About this property

Investor's dream just steps from Shoreline Community College! This high-performing official duplex offers an exceptional Multifamily/Boarding House/Student Housing opportunity with a strong rental history and consistently high occupancy. One side was fully renovated in 2014 and features 8 private rooms with 4 bathrooms. The other side was newly built in 2017 with city permits and offers another 8 private rooms with 5 bathrooms, all in excellent condition. Both sides feature gourmet kitchens, dedicated washers and dryers for tenants to use at no additional cost, and functional layouts designed for shared living. Vacancies have historically been rare, with 2025 gross rental income approaching $145,000-a true cash-flow property. Located in a quiet, private setting with 12 on-site tenant parking spaces. Convenient access to Hwy 99, Shoreline light rail, shopping, dining, restaurants, and everyday amenities. A rare opportunity to acquire a proven income-producing property in a highly desirable rental location-an excellent addition to any investment portfolio!

Features and Additional Information

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$1,825,000 Active
5,300 sqft

Presented By Coldwell Banker 360 Team

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Brokerage
Keller Williams Rlty Bellevue
1-425-454-0911
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Area Information

715 Richmond Beach | Shoreline | King County | Richmond Highlands

$ 1,825,000
This listing is play_arrow 97.3% higher than the average in the area
$ 925,000 in the area
5,300 SqFt
This listing is play_arrow 174.6% larger than the average in the area
1,930 SqFt in the area
$ 344 $/SqFt
This listing is play_arrow 28.2% less than the average in the area
$ 479 $/SqFt in the area
89 days on site
This listing is play_arrow 641.7% above the average in the area
12 days on site in the area

Schools in the Area

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    Elementary School
    Highland Terrace Ele
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    Middle School
    Albert Einstein Mid
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    High School
    Shorewood High
Listed By Maggie Sun
Brokerage: Keller Williams Rlty Bellevue

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