$2,550,000
5230 16th Avenue
Seattle, WA 98105
Beds
11
Baths
5
Sq Ft
4,030
Lot
0.10 ac
Year built
1922
Type
Residential
Days listed
175
MLS #
2497174
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.
Exterior features
Property details
- Heating
- Ductless, Radiant
- Cooling
- Ductless
- Parking
- Off Street
- Water source
- Public
- Sewer
- Sewer Connected
- Levels
- Two
Costs
- Price / sq ft
- $633
- Annual taxes
- $14,585 (2025)
Estimate your monthly payment
$14,110/mo
- Principal & interest
- $12,894
- Property taxes
- $1,215
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Seattle, WA 98105
Approximate location. Contact us to confirm the exact address.
Listing courtesy of Real Property Associates— Paul Jackson.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.