James & Angie Smith

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Listing provided courtesy of Westlake Associates, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2487093MLS Provider

14520 Phinney Avenue NShoreline, WA 98133

Multi-Family · 21 Beds · 12,162 Sq. ft. | 0.40 Acres
$3,500,000 Pending

14520 Phinney Avenue N Overview

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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.

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14520 Phinney Avenue N Facts & Features

  • Type Multi-Family
  • Sq. ft. 12,162
  • Price/Sq.ft. $288
  • Lot 0.40 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Shoreline

Income/Expenses

  • Other Expense: 48401
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 360972
  • Insurance Expense: 5540
  • Net Operating Income: 225180
  • Total Expenses: 117743
  • Total Monthly Income: 30081
  • Water/Sewer/Garbage: 26442

Building Information

  • New Construction: No
  • Year Built: 1963

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 715 - Richmond Beach/Shoreline
  • Subdivision Name: Shoreline

Community/Development

  • Amenities: Coin Op Laundry,Storage

Tax Information

  • Tax Annual Amount: $37,360.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 1826049228
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 12162
  • Building Area Units: Square Feet
  • Calculated Square Footage: 12162
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Carpet
  • Heating: Yes
  • Leasable Area: 12162
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 13
  • Parking Uncovered Total: 13

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.4016
  • Lot Size Square Feet: 17493
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat, See Remarks
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 5
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Cement/Concrete, Wood
  • Number Of Units Total: 15
  • Sewer: Sewer Connected

Unit Information

Unit 7 Details

  • Actual Rent: 1771
  • Beds Total: 1
  • Baths Total: 1

Unit 13 Details

  • Actual Rent: 1800
  • Beds Total: 1
  • Baths Total: 1

Unit 11 Details

  • Actual Rent: 1850
  • Beds Total: 2
  • Baths Total: 1

Unit 8 Details

  • Actual Rent: 1850
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1850
  • Beds Total: 1
  • Baths Total: 1

Unit 10 Details

  • Actual Rent: 1880
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1925
  • Beds Total: 1
  • Baths Total: 1

Unit 12 Details

  • Actual Rent: 1950
  • Beds Total: 2
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1980
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 2000
  • Beds Total: 1
  • Baths Total: 1

Unit 14 Details

  • Actual Rent: 2000
  • Beds Total: 1
  • Baths Total: 1

Unit 15 Details

  • Actual Rent: 2000
  • Beds Total: 1
  • Baths Total: 1

Unit 9 Details

  • Actual Rent: 2025
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 2200
  • Beds Total: 2
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 2600
  • Beds Total: 3
  • Baths Total: 1

14520 Phinney Avenue N Neighborhood

Community

98133 (Shoreline) Demographics

40
Median Age
6,903
Population Density (per sq. mile)
55%
College Educated
$73,702
Estimated Median Income
10,507
Estimated Total Home Owners
11,705
Estimated Total Renters
47% / 53%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

14520 Phinney Avenue N Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

14520 Phinney Avenue N Market Data

Based on the last 30 days in this zip code

$713,894
Average List Price
$483
Average Price per Square Foot
41
Properties Sold
57
Average Days on Market
210
Properties for Sale
Calculations provided by Reliance Network

14520 Phinney Avenue N History

Date Event Value Agent
6/8/2026Source: NWMLS Status Change
Pending
4/15/2026Source: NWMLS Status Change
Active
3/11/2026Source: NWMLS Status Change
Pending
3/3/2026Source: NWMLS Added to Database
March 03, 2026