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Listing provided courtesy of Westlake Associates, Inc.NWMLSMLS# NWM2487093MLS Provider
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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.

Source: NWMLS, MLS#: NWM2487093

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  • Property Type
    Residential Income
  • Lot
    0.40 acres

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  • Median Age
    40
  • Population Density
    6,903
  • College Educated
    55%
  • Estimated Median Income
    $73,702
  • Estimated Total Home Owners
    10,507
  • Estimated Total Renters
    11,705
  • Owner / Renter Divide
    47% / 53%
  • Estimated Average Household Size
    2
  • Total Population
    49,476
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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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.

Life at 14520 Phinney Avenue N

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

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