5230 16th Avenue NE · Seattle, WA 98105
Source: NWMLS · Real Property Associates · Paul Jackson #NWM2497174
About this home
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.
Location
Basics
- Property type
- Single Family Residence
- Style
- 2 Stories w/Bsmnt
- Stories
- 2 stories
- Year built
- 1922
- Lot size
- 4,320 sq ft (0.1 acres)
- County
- King
- MLS #
- NWM2497174
Interior
- Heating
- Ductless, Radiant
- Cooling
- Ductless
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood, Wood Products
- Roof
- Composition
- Foundation
- Poured Concrete
- Waterfront
- No
Parking
- Parking spaces
- 3
- Parking features
- Off Street
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- University District
- Property tax
- $14,585 (2025)
Transaction
- Listed on
- Mar 18, 2026
- Days on market
- 186
- Price per sq ft
- $633
- Listing terms
- Cash, Conventional
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2026-03-18
- Active$2,550,000
- 2022-11-30
- Sold$1,190,000
Schools
School district: Seattle
- High
- Roosevelt High SchoolSchoolDigger 5 stars · Top 3% in WA
Listing provided courtesy of: Real Property Associates
Listing agent: Paul Jackson.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-17.