5230 16th Avenue NE, Seattle, WA 98105 (MLS # 2497174)

Listing provided courtesy of Northwest MLS; Real Property Associates

Price $2,550,000
Status Active
Beds 7
Baths 2.5 Baths
Home size 4,030 sqft
Lot Size 4,322 sqft
Rare University District income property with 8-bed main house + newer 3-bed DADU, generating $15,100/month ($181,200/year) in rental income with true zero vacancy. Tenants pay all utilities and the property has undergone significant upgrades including a nearly new DADU, renovated basement, radiant in-floor heat, mini-split, remodeled kitchen and powder room, new electrical and plumbing, and more. Stabilized NOI ˜ $160K with strong rental demand and minimal near or mid-term cap-ex. Listed at $2.55M (~6.4% cap / 14× GRM). Excellent opportunity for anyone seeking durable income in the University District.
Property Type(s): Single Family
Last Updated 3/24/2026 Tract University District
Year Built 1922 Community University District
County King

Additional Details

AIR Ductless
AIR CONDITIONING Yes
AREA 710 - North Seattle
BASEMENT Finished, Yes
CONSTRUCTION Wood Siding
HEAT Ductless , Electric, Natural Gas, Radiant
LOT 4321 sq ft
MLS STATUS Active
PARKING Off Street
STORIES 2
STYLE 18 - 2 Stories w/Bsmnt
SUBDIVISION University District
TAXES 14585
UTILITIES Cable Available, Sewer Connected
WATER Public

Location

 

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/29/26 12:07 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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