Listed by Windermere Real Estate JS
$1,350,000

2224 NE 197th Place Shoreline, WA 98155

Ballinger Neighborhood

Estimated payment $8,151/month

Total Views 284
6 Beds
6 Baths
3,382 Sq Ft
$399 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Cul-De-Sac
  • Brookside Elementary School Rated A-
  • Thermal Windows
  • Vinyl Plank Flooring

About This Home

*MUST HAVE SIGNED AROUND PURCHASE AGREEMENT PRIOR TO VIEWING*Exceptional Investment Opportunity in Shoreline! Discover this beautifully updated 4-plex located just minutes from the new Shoreline light rail station—a prime location 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 4 units fully updated with updated kitchens, bathrooms, flooring, and fixtures. Strong rental history – every unit is currently leased. Walking distance to the new light rail, I-5, shopping, parks, Lake Forest Park and Edmonds.

Listing Agent

Natalee Thurston

Windermere Real Estate JS License #9908 Listed on: 09/05/2025

Windermere Real Estate JS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2428924

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,227

Year Built

  • Built in 1978

Lot Details

  • 8,297 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,382 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Vinyl Plank Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Lake Forest Park Ele Elementary School
  • Kellogg Mid Middle School
  • Shorecrest High School

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ballinger Woodlands Condos
  • Ballinger Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 0508000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,227

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Ballinger Woodlands
  • New Construction: No
  • CalculatedSquareFootage: 3382
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Request in Offer
  • Special Features: None
  • Cumulative Days on Market: 5

Interior Features

  • Possible Use: Multi-Family, See Remarks
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition, See Remarks
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Ronald Wastewater
  • WaterCompany: North City
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 5907

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shoreline
  • High School: Shorecrest High
  • Middle Or Junior School: Kellogg Mid

Lot Info

  • Parcel Number: 0508000040
  • Lot Size Acres: 0.1905
  • Lot Size Sq Ft: 8297
  • Zoning Description: Multi-Family,See Remarks
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR
  • ZoningJurisdiction: City
  • LotNumber: 4

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 7025

Multi Family

  • Gross Scheduled Income: 84300
  • Net Operating Income: 21618
  • Number Of Units Total: 4
  • Electric Expense: 840
  • Insurance Expense: 2544
  • Leasable Area: 3382
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 10227

MLS Schools

  • Elementary School: Lake Forest Park Ele

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,227 $892,000 $373,300 $518,700
2023 $10,498 $974,000 $398,200 $575,800
2022 $11,332 $971,000 $348,400 $622,600
2021 $11,939 $956,000 $315,200 $640,800
2020 $11,767 $926,000 $315,200 $610,800
2018 $9,269 $762,000 $282,000 $480,000
2017 $8,065 $724,000 $282,000 $442,000
2016 $8,465 $657,000 $273,800 $383,200
2015 -- $669,000 $248,900 $420,100
2014 -- $529,000 $290,300 $238,700
2013 -- $536,000 $290,300 $245,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $1,350,000 +50.2% $399 / Sq Ft
03/15/2019 03/15/19 Sold $899,000 0.0% $266 / Sq Ft
02/24/2019 02/24/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $899,000 0.0% $266 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
01/29/2019 01/29/19 Price Changed $899,000 -3.2% $266 / Sq Ft
01/14/2019 01/14/19 Price Changed $929,000 -1.6% $275 / Sq Ft
01/02/2019 01/02/19 Price Changed $944,000 -2.6% $279 / Sq Ft
12/17/2018 12/17/18 For Sale $969,000 -- $287 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Available
Warranty Deed $899,000 First American Title
Warranty Deed -- Fidelity Natio
Warranty Deed -- Fidelity Natio
Warranty Deed -- Fidelity Natio
Warranty Deed -- None Available
Warranty Deed -- First American
Warranty Deed -- --
Warranty Deed $221,500 Stewart Title
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $190,500 No Value Available
Previous Owner $280,000 No Value Available
Previous Owner $200,000 No Value Available
Previous Owner $199,400 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2428924

Northwest Multiple Listing Service (NWMLS)

APN: 050800-0040

Washington King County Shoreline 98155 Ballinger

2224 NE 197th Place, Shoreline, WA

This home is located at 2224 NE 197th Place, Shoreline, WA 98155 and is currently priced at $1,350,000, approximately $399 per square foot. This property was built in 1978. 2224 NE 197th Place is a home located in King County with nearby schools including Brookside Elementary School, Kellogg Middle School, and Shorecrest High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Natalee Thurston
Listing Agent
Natalee Thurston
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Windermere Real Estate JS
(206) 823-2961