5230 16th Avenue Ne, Seattle, WA 98105

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: paul jackson, brian eastland
Office: real property associates
MLS#:2493978
Source:NWMLS
5230 16th Avenue Ne,Seattle, WA 98105
$2,550,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,030 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,550,000
  • Price per sq. ft.:$632.75

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.

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Home facts

  • Year built:1922
  • Listing ID #:2493978
  • Updated:May 14, 2026 at 12:33 AM

Rooms and interior

  • Living area:4,030 sq. ft.

Heating and cooling

  • Heating:Radiant

Structure and exterior

  • Roof:Composition
  • Year built:1922
  • Building area:4,030 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,550,000
  • Price per sq. ft.:$632.75
  • Tax amount:$14,585 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 14, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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