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
Ellensburg
$ 399,000
- Type
- Single Family | Active
- Size
- 1,628 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Buchan Real Estate
Seattle
$ 699,000
- Type
- Single Family | Active
- Size
- 1,280 SqFt
- Rooms
- 3 Beds + 3.5 Baths
Listed by: Windermere Real Estate GH LLC
Seattle
$ 1,895,000
- Type
- Single Family | Active
- Size
- 3,320 SqFt
- Rooms
- 5 Beds + 3.5 Baths
Listed by: Real Property Associates
Views
Seattle
$ 949,000
- Type
- Single Family | Active
- Size
- 2,430 SqFt
- Rooms
- 7 Beds + 2 Baths
Listed by: Coldwell Banker Bain
Views
Seattle
$ 899,000
- Type
- Single Family | Active
- Size
- 2,020 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: Realty One Group Pacifica
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
Reduced
Seattle
$ 1,050,000
- Type
- Single Family | Active
- Size
- 2,300 SqFt
- Rooms
- 5 Beds + 2 Baths
Listed by: KW Lake Washington So
Reduced
Seattle
$ 729,500
- Type
- Single Family | Active
- Size
- 700 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Bentley Properties
Views
Seattle
$ 2,300,000
- Type
- Single Family | Active
- Size
- 4,150 SqFt
- Rooms
- 7 Beds + 5 Baths
Listed by: KW Lake Washington So
Reduced
Seattle
$ 599,950
- Type
- Single Family | Active
- Size
- 1,128 SqFt
- Rooms
- 2 Beds + 1.5 Baths
Listed by: Skyline Properties, Inc.
Water Views
Seattle
$ 1,399,000
- Type
- Single Family | Active
- Size
- 3,500 SqFt
- Rooms
- 6 Beds + 5 Baths
Listed by: Windermere Real Estate Central
Tri-City Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2018 All rights reserved. Last Update: September 20, 2026 5:06 PM UTC
