5230 16th Avenue Ne, Seattle, WA 98105

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
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:June 28, 2026 at 11:43 PM

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)
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