Listing Office: Real Property Associates Northwest Multiple Listing Service Logo

5230 16th Avenue Ne, Seattle, WA

$2,550,000

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4,030

Square feet

0.10

Acres

About 5230 16th Avenue Ne

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 162
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal Property Associates

Listing Map

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