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Listed price in listed location currency (USD).
$2,550,000

000

MLS® 2493978

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $14,585
Days Active 1
Lot Size 0.0992 acres
Approx. Age 1922
MLS® Number 2493978

Property Address: 5230 16th Ave Ne, Seattle, WA, 98105-3405

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2493978
Laundry Level
Central VacNo
FireplaceNo
Acreage0.0992
Exterior
GarageNo
Approx. Age1922
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$2,550,000List Price
  • Commute

Commute

Starting Address
Destination Address
5230 16 Th Ave Ne, Seattle, WA

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