14520 Phinney Avenue N, Shoreline, WA 98133

Shoreline
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: david w petersen, chad michael martini
Office: westlake associates, inc.
MLS#:2571362
Source:NWMLS
14520 Phinney Avenue N,Shoreline, WA 98133
$3,500,000
  • - Beds
  • - Baths
  • 12,162 sq. ft.
  • Multi-family
  • Active

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
  • Subdivision & Development:Shoreline
  • Listing ID #:2571362
  • Updated:August 26, 2026 at 12:43 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:$37,361 (2026)

Parking

  • Total parking spaces:13
  • Carport spaces:5
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 26, 2026. 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 for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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