5230 16th Avenue NE Seattle WA 98105 MLS #NWM2493978

5230 16th Avenue NE
Seattle, WA, 98105
$2,550,000
MLS #NWM2493978 image #0
Listing Provided Courtesy of Real Property Associates
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.
Current real estate data for Multi Family in Seattle as of Mar 19, 2026
157
Multi Family Listed
93
Avg DOM
445
Avg $ / SqFt
$2,216,012
Avg List Price

Property Details

Price:
$2,550,000
MLS #:
NWM2493978
Status:
Active
Beds:
11
Baths:
3
Type:
Multi Family
Subdivision:
University District
Neighborhood:
710northseattle
Listed Date:
Mar 18, 2026
Finished Sq Ft:
4,030
Total Sq Ft:
4,030
Lot Size:
4,320 sqft / 0.10 acres (approx)
Year Built:
1922
Units:
2
710 – North Seattle710northseattleUniversity DistrictSeattle

Schools

School District:
Seattle

Interior

Cooling
Ductless
Heating
Ductless, Radiant

Exterior

Construction Materials
Wood
Exterior Features
Wood, Wood Products
Roof
Composition

Financial

Net Operating Income
$162,561
Tax Year
2025
Taxes
$14,585

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Property Summary

    Located in the University District subdivision, 5230 16th Avenue NE Seattle WA is a Multi Family for sale in Seattle, WA, 98105. It is listed for $2,550,000 To schedule a showing of MLS#nwm2493978 at 5230 16th Avenue NE in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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Karrie Kelley

Karrie Kelley

Realtor®

Phone 425 218-4178

More About Karrie
Courtesy of Real Property Associates. Disclaimer: Based on information submitted to the MLS GRID as of Mar-19-2026 8:10:07 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2026. All rights reserved.
Rover IDX
5230 16th Avenue NE
Seattle, WA