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14520 Phinney Avenue N, 
Shoreline, WA 98133

$3,500,000

—

Bed

—

Bath

12,162

Sq Ft

Multi-Family

Active

Listed by

David W Petersen

, 

Chad Michael Martini

Westlake Associates, Inc.

Last updated:

December 17, 2025, 01:23 AM

MLS#

2455933

Source:

NWMLS

About This Home

14520 Phinney Avenue N

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.

Home Facts

Multi-Family

Built in 1963

Price Summary

3,500,000

$287 per Sq. Ft.

MLS #:

2455933

Last Updated:

December 17, 2025, 01:23 AM

Rooms & Interior

Interior

Living Area:

12,162 Sq. Ft.

Structure

Structure

Building Area:

12,162 Sq. Ft.

Year Built:

1963

Lot

Lot Size (Sq. Ft):

17,493

Finances & Disclosures

Finances

Price:

$3,500,000

Price per Sq. Ft:

$287 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of January 24, 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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.