Listing Provided Courtesy of Real Property AssociatesRare 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.
Property Details
Price:
$2,550,000
MLS #:
NWM2497174
Status:
Active
Beds:
11
Baths:
5
Type:
Single Family
Subtype:
Single Family Residence
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
See this Listing
Schools
School District:
Seattle
Interior
Bathrooms
2 Full Bathrooms, 2 Three Quarter Bathrooms, 1 Half Bathroom
Cooling
Ductless
Heating
Ductless, Radiant
Levels
Two
Main Level Bathrooms
2
Exterior
Construction Materials
Wood
Exterior Features
Wood, Wood Products
Parking Features
Off Street
Parking Spots
3
Parking Total
3
Roof
Composition
Financial
Tax Year
2025
Taxes
$14,585
Map
Community
- Address5230 16th Avenue NE Seattle WA
- SubdivisionUniversity District
- CitySeattle
- CountyKing
- Zip Code98105
Subdivisions in Seattle
- Admiral
- Alaska Junction
- Alki
- Allentown
- Arbor Heights
- Arboretum
- Arroyo
- Ballard
- Beach Drive
- Beacon Hill
- Belltown
- Belvedere Terrace
- Belvidere
- Bitter Lake
- Blue Ridge
- Boulevard Park
- Briarcrest
- Brighton
- Broadmoor
- Broadview
- Broadway
- Bryant
- Bryn Mawr
- Burien
- Campbell Hill
- Capitol Hill
- Cedar Park
- Cedarhurst
- Central Area
- Columbia
- Columbia City
- Crown Hill
- Delridge
- Denny Blaine
- Denny Triangle
- Downtown
- Dunlap
- Earlington
- Eastlake
- Fairmount
- Fauntleroy
- First Hill
- Fremont
- Gatewood
- Genesee
- Georgetown
- Glen Acres
- Green Lake
- Greenwood
- Gregory Heights
- Haller Lake
- Hawthorne Hills
- High Point
- Highland Park
- Highline
- Hillman City
- Holly Park
- International District
- Inverness
- Jackson Park
- Judkins
- Kent
- Lake City
- Lake Forest Park
- Lake Union
- Lakeridge
- Lakewood
- Laurelhurst
- Leschi
- Licton Springs
- Lincoln Park
- Loyal Heights
- Madison Park
- Madison Valley
- Madrona
- Magnolia
- Magnolia Bluff
- Maple Leaf
- Matthews Beach
- Meadowbrook
- Montlake
- Morgan Junction
- Mt Baker
- N Beacon Hill
- North Admiral
- North Beach
- North Burien
- North Capitol Hill
- North City
- North Shorewood
- Northgate
- Olympic Hills
- Olympic Manor
- Phinney Ridge
- Pigeon Point
- Pinehurst
- Pioneer Square
- Portage Bay
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- Rainier Valley
- Ravenna
- Renton
- Roosevelt
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- SeaTac
- Seattle
- Seaview
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- Seward Park
- Shoreline
- Shorewood
- Skyway
- Sodo
- South Lake Union
- South Park
- Southern
- Sunset Hill
- The Highlands
- Top Hat
- Tukwila
- University District
- Upper Rainier Beach
- Victory Heights
- View Ridge
- Wallingford
- Washington Park
- Wedgwood
- West Seattle
- Westlake
- Westwood
- Westwood Village
- White Center
- Whittier
- Windermere
- Woodland Park
Market Summary
Current real estate data for Single Family in Seattle as of Apr 04, 2026
1,810
Single Family Listed
51
Avg DOM
620
Avg $ / SqFt
$1,223,033
Avg List Price
Property Summary
- Located in the University District subdivision, 5230 16th Avenue NE Seattle WA is a Single Family for sale in Seattle, WA, 98105. It is listed for $2,550,000 and features 11 beds, 5 baths, and has approximately 4,030 square feet of living space, and was originally constructed in 1922. The current price per square foot is $633. The average price per square foot for Single Family listings in Seattle is $620. The average listing price for Single Family in Seattle is $1,223,033. To schedule a showing of MLS#nwm2497174 at 5230 16th Avenue NE in Seattle, WA, contact your Best in the West agent at 206-351-5550.
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Courtesy of Real Property Associates. Disclaimer: Based on information submitted to the MLS GRID as of Apr-04-2026 3:26:29 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.
5230 16th Avenue NE
Seattle, WA