Shoreline 35 Unit Multifamily Investment Opportunity Finishing construction near the end of 2023, Paramount 1 is located in Shoreline, WA approximately 10 miles from downtown Seattle and 2 miles from Shoreline’s city center. Paramount 1’s residents will benefit from being within walking distance from the new light rail station which will be completed in 2024. It will grant them convenient access to downtown Seattle, SeaTac Airport, and the U-District, all while benefiting from a peaceful residential setting that offers an array of local amenities. By providing 7 affordable units to future tenants, Paramount 1 will be exempt from nearly all property taxes for the next 20 years.