This listing courtesy of Paul Jackson , Real Property Associates
$2,550,000

5230 16th Avenue NE, Seattle, WA 98105

  • 11 beds |
  • 5 baths |
  • 4,030 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon4,321sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $633/sqft
  • Property List Date Icon Listed 15 days ago

Property 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.

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 1:21PM
Listing Office:
Real Property Associates : 206-523-0300
Listing Agent:
Paul Jackson : 206-523-0300
MLS ID:
2497174
  • Basement: Finished
  • A/C: Ductless
  • Heating: DuctlessRadiant
  • Fireplace: Wood BurningFireplaces: 0
  • General: WoodWood Products
  • Parking: Off StreetParking spaces: 3
  • Roofing: Composition
  • General: TwoPoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Seattle
  • County: King
  • Zoning: 8823900640
  • Water: Public
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Paul Jackson , Real Property Associates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McDonald International Elementary School

144 NE 54th St, Seattle, WA, 98105

Grades KG-5

0.75 miles away

E

Eckstein Middle School

3003 NE 75th St, Seattle, WA, 98115

Grades 6-8

1.26 miles away

R

Roosevelt High School

1410 NE 66th St, Seattle, WA, 98115

Grades 9-12

0.69 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.
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