5230 16th Avenue NE Seattle, WA 98105
5230 16th Avenue NE
Seattle, WA 98105
$2,550,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Watch Virtual Tour #1Property Features
Community: University District
Duplex
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Year Built: 1922
2025 Taxes: $14585.00
Buyer Broker Comp.: 2.5%%
Listing #: 2493978
Lot Details
Lot Size: 0.10 acres
No. of Units: 2
Interior
Cooling: Ductless HP-Mini Split
Heating: Ductless HP-Mini Split, Radiant
Electric
Natural Gas
Call or Email:
Grace Wamwere
What's Near 5230 16th Avenue NE Seattle, WA 98105?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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