14520 Phinney Avenue N, Shoreline, WA 98133

Shoreline
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: david w petersen, chad michael martini
Office: westlake associates, inc.
MLS#:2487093
Source:NWMLS
14520 Phinney Avenue N,Shoreline, WA 98133
$3,500,000
  • - Beds
  • - Baths
  • 12,162 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$287.78

About this home

Conveniently located just North of Seattle City limits, the Highland Terrace Apartments offers a new investor a great value add opportunity with the flexibility of raising below market rents without the hassles and constraints of Seattle Landlord/Tenant laws. The value add here is to renovate all units with modern finishes, raise rents to market and implement a RUBS program to start billing back tenants for utilities. Ample carport and open parking. Updated electrical panels and newer TPO Roof. Potential to add in-unit washer and dryers. Upper units feature private decks. Individual hot water tanks for each unit. New secured tenant mailbox unit. Larger owner storage closet onsite.

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Home facts

  • Year built:1963
  • Listing ID #:2487093
  • Updated:June 28, 2026 at 11:43 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:12,162 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1963
  • Building area:12,162 sq. ft.
  • Lot area:0.4 Acres
  • Construction Materials:Cement/Concrete Exterior Finish, Wood Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$287.78
  • Tax amount:$37,360 (2026)

Parking

  • Total parking spaces:13
  • Carport spaces:5
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