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5230 16th Ave NE
5230 16th Avenue Northeast, Seattle, WA 98105
5230 16th Avenue Northeast, Seattle, WA 98105
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.
Key things to know
8-bed main house and newer 3-bed DADU in University District.
Radiant in-floor heat and mini-splits enhance comfort and efficiency.
Renovated basement, remodeled kitchen and powder room with updated electrical and plumbing.
Open-concept living areas, white kitchen cabinets, stainless steel appliances, wood floors.
Strong income potential at $15,100 monthly and stabilized NOI around $160K.
11
beds
3
baths
4,030 Sq.Ft. LIVING AREA
4,320 Sq.Ft. lot
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