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No HOA
Street View
Listed by: David W Petersen (206) 300-8909 , Chad Michael Martini (206) 321-3226 | Westlake Associates, Inc. (206) 505-9400
$3,200,000
Monthly Est:$15,928
22 Beds
15 Baths
12,165sqft
14520 Phinney Ave N, Shoreline, WA 98133
$3,200,000
$15,928/moEst:
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Multi Family
Built in 1963
$-- HOA
17,493 sqft lot
$263/sq.ft
Description
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.
- Houzeo last checked: 5 minutes ago
- Listing updated: November 5, 2026 at 11:15 pm
- Source: Northwest Multiple Listing Service as distributed by MLS GRID | MLS#: NWM2594452
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1963
HOA Fees
-
Finished Area
12,165 sqft
Lot Size
17,493 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service as distributed by MLS GRID
MLS Number
NWM2594452
MLS Status
Pending
Cumulative Days Active
227
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 22
Bathrooms: 15
Interior
Heating
Baseboard
Exterior Features
Wood
Sewer
Sewer Connected
Cooling
None
Construction
Year Built
Year Built: 1963
Home type
Multi Family
Construction Materials
Wood
Roof
See Remarks
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Shoreline
Price History
| Date | Event | Price |
|---|---|---|
11/05/2026 Source: | Pending | $3,200,000 -8.57% $263/sqft |
09/21/2026 Source: | Listing Removed | $3,500,000 $288/sqft |
08/19/2026 Source: | Listed for Sale | $3,500,000 $288/sqft |
06/08/2026 Source: | Pending | $3,500,000 $288/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Nov 09, 2026, 10:16AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2026 Northwest Multiple Listing Service. All Rights Reserved.
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