5230 16th Avenue Ne, Seattle, 98105
MLS® #: 2493978
Active, 184 Days on Market
Listing Office: Real Property Associates
Last Update: 2026-09-18
0
Garages
184
Dom
4,030
Square feet
0.10
Acres
1922
Built
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.
Features of 5230 16th Avenue Ne
| MLS® # | 2493978 |
|---|---|
| Price | $2,550,000 |
| Square Footage | 4,030 |
| Acres | 0.10 |
| Year Built | 1922 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5230 16th Avenue Ne |
|---|---|
| Area | 710 - North Seattle |
| Subdivision | University District |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98105 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Ductless, Radiant |
|---|---|
| Cooling | Ductless |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Wood, Wood Products |
|---|
School Information
| District | Seattle |
|---|
Additional Information
| Date Listed | March 18th, 2026 |
|---|---|
| Days on Market | 184 |
| Cumulative Days on Market | 184 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $14,585 |
Listing Details
| Office | Real Property Associates |
|---|
Listing Map
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