5230 16th Avenue NE, Seattle, WA 98105 (MLS # 2493978)

Save to Favorites
Print
Share
Listing provided courtesy of Northwest MLS; Real Property Associates

PRICE $2,550,000 dsIDX morgage calculator
BEDS 0
BATHS 0
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.

LAST UPDATED 3/18/2026 TRACT University District
YEAR BUILT 1922 COMMUNITY University District
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Ductless
AIR CONDITIONING Yes
AREA 710 - North Seattle
CONSTRUCTION Wood Siding
HEAT Ductless , Electric, Natural Gas, Radiant
LOT 4321 sq ft
MLS STATUS Active
STORIES 2
STYLE 52 - Duplex
SUBDIVISION University District
TAXES 14585
UTILITIES Sewer Connected
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 5230 16TH AVENUE NE
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Nick Litvinchuk to contact you even if your name is on a Federal or State "Do not call List".

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 3/18/26 5:13 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.

DMCA Notice

  Logo

This IDX solution is (c) Diverse Solutions 2026.