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Civitas Apartments 2152 N 185th St 22 Unit Apartment Building $12,309,120 CAD ($559,505 CAD/Unit) 5.37% Cap Rate Shoreline, WA 98133
Investment Highlights
- 22 residential units with sleek modern design
- In-unit washer/dryer in every unit
- Elevator access to all levels
- New, elegant finishes include stone countertops and stainless appliances
- Fully sprinklered for fire safety
- Includes gym and event room for tenants
Executive Summary
Turnkey 22-Unit Apartment Investment – Built in 2024
An exceptional opportunity for investors in the vibrant core of Shoreline, just a short 10-minute walk to the upcoming Light Rail Station. This newly constructed, fully fenced 22-unit apartment building combines modern design, functionality, and strong rental demand in a growing market.
Each unit offers an open floor plan with in-unit washer and dryer, contemporary finishes, and a sleek, modern aesthetic. Top-floor units feature soaring 10-foot ceilings, creating an elevated living experience that tenants will love.
Residents enjoy premium amenities including an elevator, secure bike storage, fitness room, event space, and dual restrooms, plus live security camera feeds accessible to the owner for peace of mind. The property includes 19 secured parking stalls, streamlining convenience and tenant satisfaction.
This low-maintenance, turnkey asset is perfectly positioned for strong rental income and long-term appreciation. Its modern construction, thoughtful amenities, and prime Shoreline location make it an attractive investment with immediate occupancy potential and upside.
Showing Info: Appointment, Call Listing Office, MLS Keybox, Security System, See Remarks.
An exceptional opportunity for investors in the vibrant core of Shoreline, just a short 10-minute walk to the upcoming Light Rail Station. This newly constructed, fully fenced 22-unit apartment building combines modern design, functionality, and strong rental demand in a growing market.
Each unit offers an open floor plan with in-unit washer and dryer, contemporary finishes, and a sleek, modern aesthetic. Top-floor units feature soaring 10-foot ceilings, creating an elevated living experience that tenants will love.
Residents enjoy premium amenities including an elevator, secure bike storage, fitness room, event space, and dual restrooms, plus live security camera feeds accessible to the owner for peace of mind. The property includes 19 secured parking stalls, streamlining convenience and tenant satisfaction.
This low-maintenance, turnkey asset is perfectly positioned for strong rental income and long-term appreciation. Its modern construction, thoughtful amenities, and prime Shoreline location make it an attractive investment with immediate occupancy potential and upside.
Showing Info: Appointment, Call Listing Office, MLS Keybox, Security System, See Remarks.
Property Facts
| Price | $12,309,120 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $559,505 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.37% | Building Size | 26,986 SF |
| No. Units | 22 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | MUR-45 - Mixed-use residential (MUR) zones (MUR-35', 45', and 70') provide for a mix of predominantly multifamily development. | ||
| Price | $12,309,120 CAD |
| Price Per Unit | $559,505 CAD |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 26,986 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Zoning | MUR-45 - Mixed-use residential (MUR) zones (MUR-35', 45', and 70') provide for a mix of predominantly multifamily development. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Controlled Access
- Fitness Center
- Security System
- Gated
- Bicycle Storage
- Elevator
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 643 - 784 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 222530-0123 | Improvements Assessment | $4,470,596 CAD |
| Land Assessment | $507,615 CAD | Total Assessment | $507,615 CAD |
Property Taxes
Parcel Number
222530-0123
Land Assessment
$507,615 CAD
Improvements Assessment
$4,470,596 CAD
Total Assessment
$507,615 CAD
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City Closers Real Estate
Civitas Apartments | 2152 N 185th St
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