5230 16th Avenue NE Seattle, WA 98105

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5230 16th Avenue NE Seattle, WA 98105

Main House

Main house living room

Main house dining room

Main house kitchen

Main house main floor powder room

Main house upstairs bedroom 1 of 4

Main house upstairs bedroom 2 of 4

Main house upstairs bedroom 3 of 4

Main house upstairs bedroom 4 of 4

Main house upstairs bathroom

Main house downstairs bedroom 1 of 4

Main house downstairs bedroom 2 of 4

Main house downstairs bedroom 3 of 4

Main house downstairs bedroom 4 of 4

Main house downstairs bathroom

Main house deck

Main house back of house

DADU

DADU mainfloor bathroom

DADU upstairs bedroom 1 of 3

DADU upstairs bedroom 2 of 3

DADU upstairs bedroom 3 of 3

DADU upstairs bathroom

Courtesy of Real Property Associates

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.

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Property 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

Schools

District: Seattle

Call or Email:

Grace Wamwere

206-395-4584

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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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PROPERTIES FOR SALE