$3,500,000
Est. $17,975/mo14520 Phinney Avenue N, Shoreline, WA 98133
• Listed 2026-08-19•1 day on market
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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.
Listed by David W Petersen • Westlake Associates, Inc.
Listing updated: August 19, 2026 at 12:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2571362
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14520 Phinney Avenue N, Shoreline, WA 98133
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Shoreline is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 13 days.
$700,000 Sold
2 months ago
3 bd•3 ba•~2,380 sq ft•Single Family
724 N 137th Street, Seattle, WA 98133
0%
Over list
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Days on market
0.5 mi
Distance
$530,000 Sold
2 months ago
3 bd•2.5 ba•~1,430 sq ft•Single Family
13726 Midvale Avenue N #b, Seattle, WA 98133
1%
Under list
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Days on market
0.6 mi
Distance
$575,000 Sold
4 months ago
3 bd•2.5 ba•~1,470 sq ft•Single Family
13435 Greenwood Avenue N #e, Seattle, WA 98133
0%
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Days on market
0.5 mi
Distance
$3,134 Sold
4 months ago
•0.5 ba•Single Family
1207 N 152nd Street #c, Shoreline, WA 98133
0%
Over list
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Days on market
0.6 mi
Distance
$527,000 Sold
4 months ago
2 bd•1 ba•~810 sq ft•Single Family
14044 Lenora Place N, Seattle, WA 98133
4%
Under list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
