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Provided by NWMLS, Listed by Real Property Associates

For Sale

5230 16th Avenue NE

5230 16th Avenue NE, Seattle, WA 98105

$2,550,000

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 / 14x GRM). Excellent opportunity for anyone seeking durable income in the University District.

11
beds

5
baths

4,030 Sq.Ft. LIVING AREA

4,320 Sq.Ft. lot

Paul Jackson

title REALTOR®
PHONE (425) 220-7002
EMAIL [email protected]

Brian Eastland

title REALTOR®
PHONE (206) 280-3868
EMAIL [email protected]
DRE # 25023459

Features & Amenities

Interior

total bedrooms11
Total bathrooms5
full bathrooms2
three quarter bathrooms2
half bathroom1
Fireplace Wood Burning

Area & Lot

Status For Sale
Living Area4,030 Sq.Ft.
Total Area4,030 Sq.Ft.
Lot Area4,320 Sq.Ft.
MLS® ID2497174
TypeResidential
YEAR BUILT1922
NeighborhoodSeattle
School DistrictSeattle

Exterior

STORIES2
water SourcePublic
roofComposition
parkingOff Street
HEAT TYPEDuctless, Radiant
AIR CONDITIONINGDuctless
sewerSewer Connected
SubstructurePoured Concrete
other exterior FeaturesWood, Wood Products

Financial

Sales Price$2,550,000
Real Estate Tax $14,585/yr

Rare University District income property.
– Paul Jackson & Brian Eastland

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5230 16th Avenue NE

$2,550,000

Paul Jackson

Brian Eastland

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Rare University District income property.

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Your Trusted Seattle Real Estate Partners

Follow Us on Instagram

Leave a Message

Thank you for your message. We will be in touch with you shortly.

5230 16th Avenue NE

$2,550,000

Paul Jackson

Brian Eastland

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Rare University District income property.

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Your Trusted Seattle Real Estate Partners

Follow Us on Instagram

Contact Details

Brian Eastland Team

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