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$3,500,000

  • For Sale
  • Active
  • Multi-Family

Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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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.

Full Property Details for 14520 Phinney Ave N

General

  • Price: $3,500,000
  • Taxes: $35,715 (2022)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2455933
  • Updated: 11/18/2025
  • Added to Site: 61 day(s) ago

Interior

  • Flooring: Laminate, Carpet

Parking

  • Carport Spaces: 5
  • Uncovered Spaces: 13

Location

  • Area: 715 - Richmond Beach/Shoreline
  • County: King
  • Subdivision: Shoreline
  • Driving 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.

School Information

  • High School District: Shoreline

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Cement/Concrete, Wood
  • Roof: Flat, See Remarks
  • Stories in Building: 2
  • Square Feet: 12,162
  • Year Built: 1963

Unit Information

  • Units in Building: 15

Lot Features

  • Lot Size (Acres): 0.4016
  • Lot Size (Sq. Ft.): 17,493
  • Lot Size Source: King County
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $35,715
  • Tax Year: 2022
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1826049228

Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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Schools serving 14520 Phinney Ave N

School District:Shoreline School District
NameGradesDistance
Parkwood Elementary School
1815 North 155th Street, Shoreline, WA 98133
K-60.9 mi
Albert Einstein Middle School
19343 3rd Avenue Northwest, Shoreline, WA 98177
7-82.4 mi
Shorewood High School
17300 Fremont Avenue North, Shoreline, WA 98133
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14520 Phinney Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/18/2025
Listed
$3,500,000
157.66%
MLS
11/19/2007
Sold
$1,358,400
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 14520 Phinney Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2024
$42,653
—
$3,050,000
-11%
2024
$42,653
14%
$3,418,000
—
2022
$37,505
—
$3,418,000
16%
2021
$37,456
—
$2,937,000
4%
2021
$37,456
9%
$2,830,000
9%
2020
$34,473
24%
$2,605,000
24%
2019
$27,767
5%
$2,097,000
6%
2018
$26,379
4%
$1,979,000
-2%
2017
$25,370
3%
$2,017,000
6%
2016
$24,698
15%
$1,895,000
18%
2015
$21,450
-10%
$1,610,000
—
2014
$23,808
—
$1,610,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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14520 Phinney Avenue N, Shoreline, WA 98133 (MLS# 2455933) is a Multi-Family property with 15 units containing 0 bedrooms and 0 full bathrooms. 14520 Phinney Avenue N is currently listed for $3,500,000 and was received on November 18, 2025. Want to learn more about 14520 Phinney Avenue N? Do you have questions about finding other Multi-Family real estate for sale in Westminster Triangle? You can browse all Westminster Triangle real estate or contact a Coldwell Banker agent to request more information.

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