1523 NE 147th StreetShoreline, WA98155

$780,000
2 total units
2030 sq. ft
0.1862 acres
Elementary School: Briarcrest Elem
Middle School: Kellogg Mid
High School: Shorecrest High
10 days on market

VestorFilter™

Price per unit$390K/unit
Price per ft²$384.24/ft²
Price per acre$4.19M/ac
Time on market19848 days

Property Description

Exceptional Investment Opportunity Awaits! Discover the potential in this duplex, conveniently located minutes from the new light rail station and within walking distance to shopping and dining. Nestled in the award-winning Shoreline school district, this duplex sits on a spacious 8000+ sqft lot, zoned R24, offering immense possibilities for builders and investors alike. Imagine the prospect of boosting cash flow through cosmetic updates, aiming for a CAP RATE WELL ABOVE 5% in an area averaging 3-4%. Envision expanding with a DADU or redeveloping into FOUR 2000 SQFT modern homes. A rare chance to significantly elevate property value and accelerate wealth creation. Act Now to Transform Potential into Profit With This Winning Deal!

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Financial Data

Original Price$780,000
Current Price$780,000
Property Taxes$7,369

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Home Facts

StatusActive
Year Built1959
Stories1
Interior Features
Exterior Features
MLS IDNWM2228005