Address
5230 16th Avenue Ne, Seattle, WA
Price
$ 2,550,000
Property Attributes
- ID#2497174
- TypeSingle Family
- CountyKING
- CitySeattle
- AreaNorth Seattle
- NeighborhoodUniversity District
- Zip98105
- Style2 Stories w/Bsmnt
- Year Built1922
- Taxes$ 14585
- Price$ 2,550,000
- Bedrooms11
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage4030
- Lot Size0.0992 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
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.
| Price History | |
|---|---|
| 3/25/2026 | Listed $2,550,000 |
General Features
| Living Area | 4030 |
|---|---|
| Sewer | Sewer Connected |
| Heating | Ductless,Radiant |
| Cooling | Ductless |
| Possession | Closing,Subject To Tenant Rights |
| Roof | Composition |
| Year Built | 1922 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | King |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | University District |
| Full Baths | 2 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS Accurate |
| City | Seattle |
| Entry Location | Main |
| Senior Community Y/N | No |
| High School District | Seattle |
| MLS Area | 710 - North Seattle |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4320 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 14585 |
| Public Remarks | 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 p |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Property Style | 18 - 2 Stories w/Bsmnt |
| NWM_ShowMapLink | Yes |
Interior Features
| Basement | Finished |
|---|---|
| Fireplace Features | Wood Burning |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Half Baths | 1 |
| 3/4 Baths | 2 |
| Total Bedrooms | 11 |
| Total Baths | 5 |
| Power Production Type | Electric,Natural Gas |
| Baths Three Quarter Main | 1 |
| Baths Three Quarter Upper | 1 |
| Bedrooms Lower | 4 |
| Bedrooms Upper | 7 |
| Baths Half Main | 1 |
| Baths Full Upper | 1 |
| Baths Full Lower | 1 |
| Bathrooms | 4 |
Exterior Features
| Exterior Amenities | Wood,Wood Products |
|---|---|
| Parking Features | Off Street |
| Water Source | Public |
| Total Parking | 3 |
| Foundation Details | Poured Concrete |
| Building Area Total | 4030 |
| Lot Size Acres | 0.0992 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
| Site Features | Cable TV,Deck,Electric Car Charging,Gas Available,High Speed Internet,Patio |
| Parking Uncovered Total | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98105
Price
Taxes
Year Built
Visits
In The Neighborhood
Seattle
$ 1,150,000
- Type
- Single Family | Active
- Size
- 2,930 SqFt
- Rooms
- 7 Beds + 3 Baths
Listed by: Windermere Real Estate Co.
Seattle
$ 625,000
- Type
- Single Family | Active
- Size
- 1,290 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Windermere Real Estate/East
Seattle
$ 725,000
- Type
- Single Family | Active
- Size
- 1,500 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: COMPASS
Seattle
$ 1,125,000
- Type
- Single Family | Active
- Size
- 2,300 SqFt
- Rooms
- 5 Beds + 2 Baths
Listed by: KW Lake Washington So
Seattle
$ 729,500
- Type
- Single Family | Active
- Size
- 700 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Bentley Properties
Seattle
$ 2,300,000
- Type
- Single Family | Active
- Size
- 4,150 SqFt
- Rooms
- 7 Beds + 5 Baths
Listed by: KW Lake Washington So
Seattle
$ 599,950
- Type
- Single Family | Active
- Size
- 1,128 SqFt
- Rooms
- 2 Beds + 1.5 Baths
Listed by: Skyline Properties, Inc.
Seattle
$ 1,399,000
- Type
- Single Family | Active
- Size
- 3,500 SqFt
- Rooms
- 6 Beds + 5 Baths
Listed by: Windermere Real Estate Central
