About this home

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.

Exterior features

Cement/ConcreteWood

Property details

Heating: Forced Air
Cooling: None
Flooring: Laminate, Carpet
Sewer: Sewer Connected

Costs

Annual taxes: $37,361 (2026)

Estimate your monthly payment

$20,811/mo

Principal & interest: $17,698
Property taxes: $3,113

Down payment (20%) $700,000 Interest rate (%) Loan term (years)

Loan amount $2,800,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Shoreline, WA 98133

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Westlake Associates, Inc.— David W Petersen.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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