Listing provided courtesy of Real Property AssociatesNWMLSas Distributed by MLSGrid- MLS# NWM2497174
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Main House
Main house living room
Main house living room
Main house dining room
Main house kitchen
Main house kitchen
Main house main floor powder room
Main house upstairs bedroom 1 of 4
Main house upstairs bedroom 2 of 4
Main house upstairs bedroom 3 of 4
Main house upstairs bedroom 4 of 4
Main house upstairs bedroom 4 of 4
Main house upstairs bathroom
Main house downstairs bedroom 1 of 4
Main house downstairs bedroom 2 of 4
Main house downstairs bedroom 3 of 4
Main house downstairs bedroom 4 of 4
Main house downstairs bathroom
Main house deck
Main house back of house
DADU
DADU
DADU
DADU
DADU mainfloor bathroom
DADU upstairs bedroom 1 of 3
DADU upstairs bedroom 2 of 3
DADU upstairs bedroom 3 of 3
DADU upstairs bathroom
5230 16th Avenue NESeattle, WA 98105
Single Family · 11 Beds · 2 Full Baths · 1 Half Bath · 2 Three Quarter Baths · 4,030 Sq. ft. | 0.10 Acres$2,550,000
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5230 16th Avenue NE Overview
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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.
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5230 16th Avenue NE Facts & Features
- Type Single Family
- Sq. ft. 4,030
- Price/Sq.ft. $633
- Lot 0.10 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
Building Information
- New Construction: No
- Year Built: 1922
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 710 - North Seattle
- Subdivision Name: University District
Rent/Lease Information
- Land Lease: No
Tax Information
- Tax Annual Amount: $14,585.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 8823900640
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: None
Interior
Building Information
- Building Information: Built On Lot
Beds/Baths
- ADU Baths: 2
- ADU Beds: 3
- Bathrooms Full: 2
- Bathrooms Half: 1
- Bathrooms Three Quarter: 2
- Bathrooms Total: 5
- Bedrooms Total: 11
- Bedrooms Lower: 4
- Bedrooms Upper: 7
Building Interior
- Building Area Total: 4030
- Building Area Units: Square Feet
- Calculated Square Footage: 4880
- Square Footage Finished: 4030
- Square Footage Unfinished: 0
General Information
- Basement: Finished
- Cooling: Yes
- Entry Location: Main
- Fireplace Features: Wood Burning
- Fireplace: No
- Fireplaces Total: 0
- Foundation Details: Poured Concrete
- Heating: Yes
- Levels: Two
- Living Area: 4030
- Main Level Bathrooms: 2
- Main Level Bedrooms: 0
- Power Production Type: Electric,Natural Gas
Exterior
Parking Information
- Open Parking: No
- Parking Features: Off Street
- Parking Total: 3
- Parking Uncovered Total: 3
Lot Information
- Irrigation Water Rights: No
- Lot Size Square Feet: 4320
- Lot Size Units: Square Feet
- Site Features: Cable TV, Deck, Electric Car Charging, Gas Available, High Speed Internet, Patio
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Attached Garage: No
- Roof: Composition
- Structure Type: House
General Information
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood, Wood Products
- Sewer: Sewer Connected
Room Information
Room: Bathroom Full
- Level: Lower
- Description: Main House
Room: Bedroom
- Level: Lower
- Description: Main House
Room: Bedroom
- Level: Lower
- Description: Main House
Room: Bedroom
- Level: Lower
- Description: Main House
Room: Bedroom
- Level: Lower
- Description: Main House
Room: Utility Room
- Level: Lower
- Description: Main House
Room: Bathroom Half
- Level: Main
- Description: Main House
Room: Bathroom Three Quarter
- Level: Main
- Description: DADU
Room: Dining Room
- Level: Main
Room: Entry Hall
- Level: Main
- Description: Main House
Room: Kitchen With Eating Space
- Level: Main
- Description: Main House
Room: Kitchen With Eating Space
- Level: Main
- Description: DADU
Room: Living Room
- Level: Main
- Description: DADU
Room: Living Room
- Level: Main
- Description: Main House
Room: Bathroom Full
- Level: Second
- Description: Main House
Room: Bathroom Three Quarter
- Level: Second
- Description: DADU
Room: Bedroom
- Level: Second
- Description: Main House
Room: Bedroom
- Level: Second
- Description: Main House
Room: Bedroom
- Level: Second
- Description: Main House
Room: Bedroom
- Level: Second
- Description: DADU
Room: Bedroom
- Level: Second
- Description: DADU
Room: Bedroom
- Level: Second
- Description: DADU
Room: Primary Bedroom
- Level: Second
- Description: Main House
Room: Utility Room
- Level: Second
- Description: DADU
5230 16th Avenue NE Neighborhood
Community
98105 (Seattle) Demographics
24
Median Age
8,067
Population Density (per sq. mile)
81%
College Educated
$67,449
Estimated Median Income
5,615
Estimated Total Home Owners
11,717
Estimated Total Renters
32% / 68%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5230 16th Avenue NE Monthly Cost
5230 16th Avenue NE Market Data
Based on the last 30 days in this zip code
$1,697,999
Average List Price
$764
Average Price per Square Foot
23
Properties Sold
60
Average Days on Market
124
Properties for Sale
5230 16th Avenue NE History
| Date | Value | Agent |
|---|---|---|
| 3/24/2026Source: NWMLS | March 24, 2026 |
|
| 3/18/2026Source: NWMLS | March 18, 2026 |
|
| 11/30/2022Source: NWMLS | Sold |
|
| 10/4/2022Source: NWMLS | Pending |
|
| 9/16/2022Source: NWMLS | $1,350,000 3.8% |
|
| 9/16/2022Source: NWMLS | September 16, 2022 |