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$2,550,000
19 Days On Site
5230 16th Avenue NESeattle, WA 98105
For Sale|Multi Family|Active
0
Beds
0
Total Baths
4,030
SqFt
$633
/SqFt
1922
Built
Cumulative Days On Market:
19
Subdivision:
University District
County:
King
Courtesy of NWMLS
Listing courtesy of Paul Jackson of Real Property Associates
Listing courtesy of Paul Jackson of Real Property Associates
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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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.
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Listing Snapshot
Price
$2,550,000
Days On Site
19 Days
Bedrooms
N/A
Inside Area (SqFt)
4,030 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.0992 Acres
Year Built
1922
MLS® Number
2493978
Status
Active
Property Tax
$14,585
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Listing first seen on site |
General Features
Acres
0.0992
Number Of Stories
2
Parking Spaces
3
Property Sub Type
Multi Family
SqFt Total
4030
Utilities
Sewer Connected
Water Source
Public
Interior Features
Cooling
Ductless
Heating
ElectricNatural GasDuctlessRadiant
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Exterior Features
Construction Details
Wood Siding
Roof
Composition
Community Features
Financing Terms Available
CashConventional
MLS Area
710 - North Seattle
School District
Seattle
Schools
School District
Seattle
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Paul Jackson of Real Property Associates
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for 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. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-04-06 10:41 PM PDT
Listing courtesy of Paul Jackson of Real Property Associates
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for 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. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-04-06 10:41 PM PDT
Neighborhood & Commute
Source: Walkscore
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