14520 Phinney Avenue N Shoreline, WA $ 3,200,000
14520 Phinney Avenue N
$ 3,200,000
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14520 Phinney Avenue N

Shoreline, WA, 98133
$ 3,200,000
Bedrooms22 Baths15.0 Sq 12,165

Monthly Estimate*

$ 22,102

Listed by David W Petersen, Westlake Associates, Inc., 206-300-8909, david@westlakeassociates.com
14520 Phinney Avenue N, Shoreline, WA 98133 - Image 1
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14520 Phinney Avenue N, Shoreline, WA 98133 - Image 17

Multi-Family Home for sale in Shoreline, WA

for $3,200,000 with 22 bedrooms and 15 full baths. This 12,165 square foot home was built in 1963 on a lot size of 0.4016.

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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Multi-Family Pending

Price

$ 3,200,000

Bedrooms

22

Full Bath

15

Property Type

Multi-Family

Taxes

$ 37,361

Style

10+ Units

Lot Size

0.4016

Year Built

1963

Town/City

Shoreline

County/Region

King

MLS | Web ID

2594452

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Subject To Tenant Rights
Roof See Remarks
HOA Fee 0
Garage Spaces 0
Year Built 1963
Property Subtype Multi Family
Tax Year 2026
County King
Net Operating Income 216254
Insurance Expense 13200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Shoreline
Special Listing Conditions None
Status Pending
Directions From I-5 N take Exit 175 toward NE 145th St. Follow NE 145th St then turn onto Phinney Ave N and continue to 14520 Phinney Ave N.
City Shoreline
Senior Community Y/N N
High School District Shoreline
Number Of Units Total 15
MLS Area 715 - Richmond Beach/Shoreline
Lot Size Units Square Feet
Lot Size Square Feet 17493
Carport Spaces 5
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 37361
Electric Expense 0
Fuel Expense 0
Public Remarks 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 t
Leasable Area 12162
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 15
Water Sewer Garbage 23794
Property Style 56 - 10+ Units
Cap Rate 6.76
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Exterior
Exterior Amenities Wood
Water Source Public
Total Parking 31
Building Area Total 12165
Lot Size Acres 0.4016
Waterfront Y/N N
Covered Spaces 18
Irrigation Water Rights Y/N N
Parking Uncovered Total 13
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2594452
Street Number 1 14520
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* Excluded Features
List By
David W Petersen

Listing Agent

Westlake Associates, Inc.

Broker

david@westlakeassociates.com

Email

Affordability Calculator

$25,215
Per Month
88%
12%
0%
Monthly Principal & Interest
$22,102
Monthly Property Taxes
$3,113
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256873 Elementary School
257732 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/5/2026$3,200,000 Listed Price

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14520 Phinney Avenue N, Shoreline, WA, 98133 is a Multi-Family Home for sale at $3,200,000 with 12,165 sqft and a lot size of 0.4016. 14520 Phinney Avenue N has 22 bedrooms, 15.0 baths, and was built in 1963. The property's zip code is 98133 which is in Shoreline, WA