Back to search
5230 16th Avenue NE Seattle, WA $ 2,550,000
Share Save
$ 2,550,000 Get more info
5230 16th Avenue NE
$ 2,550,000
Back to search
Share Save

5230 16th Avenue NE

Seattle, WA, 98105
$ 2,550,000
Baths0.0 Sq 4,030

Monthly Estimate*

$ 15,701

Listed by Real Property Associates
5230 16th Avenue NE, Seattle, WA 98105 - Image 1
5230 16th Avenue NE, Seattle, WA 98105 - Image 2
5230 16th Avenue NE, Seattle, WA 98105 - Image 3
5230 16th Avenue NE, Seattle, WA 98105 - Image 4
5230 16th Avenue NE, Seattle, WA 98105 - Image 5
5230 16th Avenue NE, Seattle, WA 98105 - Image 6
5230 16th Avenue NE, Seattle, WA 98105 - Image 7
5230 16th Avenue NE, Seattle, WA 98105 - Image 8
5230 16th Avenue NE, Seattle, WA 98105 - Image 9
5230 16th Avenue NE, Seattle, WA 98105 - Image 10
5230 16th Avenue NE, Seattle, WA 98105 - Image 11
5230 16th Avenue NE, Seattle, WA 98105 - Image 12
5230 16th Avenue NE, Seattle, WA 98105 - Image 13
5230 16th Avenue NE, Seattle, WA 98105 - Image 14
5230 16th Avenue NE, Seattle, WA 98105 - Image 15
5230 16th Avenue NE, Seattle, WA 98105 - Image 16
5230 16th Avenue NE, Seattle, WA 98105 - Image 17
5230 16th Avenue NE, Seattle, WA 98105 - Image 18
5230 16th Avenue NE, Seattle, WA 98105 - Image 19
5230 16th Avenue NE, Seattle, WA 98105 - Image 20
5230 16th Avenue NE, Seattle, WA 98105 - Image 21
5230 16th Avenue NE, Seattle, WA 98105 - Image 22
5230 16th Avenue NE, Seattle, WA 98105 - Image 23
5230 16th Avenue NE, Seattle, WA 98105 - Image 24
5230 16th Avenue NE, Seattle, WA 98105 - Image 25
5230 16th Avenue NE, Seattle, WA 98105 - Image 26
5230 16th Avenue NE, Seattle, WA 98105 - Image 27
5230 16th Avenue NE, Seattle, WA 98105 - Image 28
5230 16th Avenue NE, Seattle, WA 98105 - Image 29
5230 16th Avenue NE, Seattle, WA 98105 - Image 30
5230 16th Avenue NE, Seattle, WA 98105 - Image 31
5230 16th Avenue NE, Seattle, WA 98105 - Image 32
5230 16th Avenue NE, Seattle, WA 98105 - Image 33
5230 16th Avenue NE, Seattle, WA 98105 - Image 34
5230 16th Avenue NE, Seattle, WA 98105 - Image 35
View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $2,550,000. This 4,030 square foot home was built in 1922 on a lot size of 0.0992.

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.

See more
Multi-Family Active

Price

$ 2,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 14,585

Style

Duplex

Lot Size

0.0992

Year Built

1922

Town/City

Seattle

County/Region

King

MLS | Web ID

2493978
Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Radiant
Cooling Ductless
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1922
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 162561
Insurance Expense 3528
New Construction N
Property Type Residential Income
HOA N
Subdivision Name University District
Special Listing Conditions None
Status Active
Directions GPS Accurate
City Seattle
Senior Community Y/N N
High School District Seattle
Number Of Units Total 2
MLS Area 710 - North Seattle
Lot Size Units Square Feet
Lot Size Square Feet 4320
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 14585
Electric Expense 0
Fuel Expense 0
Public Remarks 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 p
Leasable Area 4030
Virtual Tour https://www.zillow.com/view-imx/aa8a7a26-06c6-4ce2-a35f-74db5c47c194?wl=true&setAttribution=mls&initialViewType=pano
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 6.4
See more
Exterior
Exterior Amenities Wood Wood Products
Water Source Public
Building Area Total 4030
Lot Size Acres 0.0992
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 3
See more
Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Internal Only
OriginalMLSID NWM2493978
Street Number 1 5230
See more
* Excluded Features
List By
Paul Jackson

Listing Agent

Real Property Associates

Broker

Affordability Calculator

$16,916
Per Month
93%
7%
0%
Monthly Principal & Interest
$15,701
Monthly Property Taxes
$1,215
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/18/2026$2,550,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

5230 16th Avenue NE, Seattle, WA, 98105 is a Multi-Family Home for sale at $2,550,000 with 4,030 sqft and a lot size of 0.0992. 5230 16th Avenue NE is a studio with 0.0 baths and was built in 1922. The property's zip code is 98105 which is in Seattle, WA

Get more info