14520 Phinney Avenue N Shoreline, WA $ 3,500,000
14520 Phinney Avenue N
$ 3,500,000
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14520 Phinney Avenue N

Shoreline, WA, 98133
$ 3,500,000
Baths0.0 Sq 12,162

Monthly Estimate*

$ 21,550

Listed by Westlake Associates, Inc.
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Studio

Multi-Family Home for sale in Shoreline, WA

for $3,500,000. This 12,162 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 Active

Price

$ 3,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 37,360

Style

10+ Units

Lot Size

0.4016

Year Built

1963

Town/City

Shoreline

County/Region

King

MLS | Web ID

2487093

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Flat See Remarks
HOA Fee 0
Garage Spaces 0
Year Built 1963
Property Subtype Multi Family
Tax Year 2026
County King
Net Operating Income 225180
Insurance Expense 5540
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Shoreline
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Downtown Seattle get on I-5 N from 2nd Ave and Cherry St. Follow I-5 N to 5th Ave NE. Take exit 175 from I-5 N. Follow NE 145th St to Phinney Ave N.
City Shoreline
Senior Community Y/N N
High School District Shoreline
Zoning Description Multi-Family
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 37360
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 Active
Amenities Coin Op Laundry Storage
Units Below Grade false
Units In Building Total 15
Water Sewer Garbage 26442
Property Style 56 - 10+ Units
Cap Rate 6.43
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Exterior
Exterior Amenities Cement/Concrete Wood
Building Area Total 12162
Lot Size Acres 0.4016
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 13
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Interior
Flooring Laminate Carpet
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 NWM2487093
Street Number 1 14520
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* Excluded Features
List By
David W Petersen

Listing Agent

Westlake Associates, Inc.

Broker

Affordability Calculator

$24,663
Per Month
87%
13%
0%
Monthly Principal & Interest
$21,550
Monthly Property Taxes
$3,113
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/3/2026$3,500,000 Listed Price

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14520 Phinney Avenue N, Shoreline, WA, 98133 is a Multi-Family Home for sale at $3,500,000 with 12,162 sqft and a lot size of 0.4016. 14520 Phinney Avenue N is a studio with 0.0 baths and was built in 1963. The property's zip code is 98133 which is in Shoreline, WA