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
Single-Family Home 
Built in 1922 
4,321sqft lot
—— car garage 
$633/sqft 
Listed 3 months 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:
- July 5, 2026 at 7:20AM
- Listing Office:
- Real Property Associates : 206-523-0300
- Listing Agent:
- Paul Jackson : 206-523-0300
- MLS ID:
- 2497174
- 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 $
Location
Presented by Veterans United Realty