Listing Office: Real Property Associates Northwest Multiple Listing Service Logo

5230 16th Avenue Ne, Seattle, WA

$2,550,000

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11

Beds

4

Baths

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® # 2497174
Price $2,550,000
Bedrooms 11
Bathrooms 4.00
Full Baths 2
Half Baths 1
Square Footage 4,030
Acres 0.10
Year Built 1922
Type Residential
Sub-Type Single Family Residence
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

Parking Spaces 3
Parking Off Street
Is Waterfront No

Interior

Heating Ductless, Radiant
Cooling Ductless
Fireplace No
Fireplaces Wood Burning

Exterior

Exterior Features Wood, Wood Products
Foundation Poured Concrete

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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