Property Details
5230 16th Avenue NE, Seattle, WA 98105
Seattle, WA 98105
$2,550,000
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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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
University District
Listed
Mar 18, 2026
Interior Features
Bathrooms
0.0
Stories
2
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1922
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Location
City
Seattle
County
King
Coordinates
47.66738, -122.31044
Schools
School District
Seattle
Additional Information
Tax Year
2025
Annual Taxes
$14,585
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of April 2, 2026 5:49 AM. 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 is 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. Copyright 2026 NWMLS. All rights reserved.
IDX information is 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. Copyright 2026 NWMLS. All rights reserved.
