5230 16th Avenue NE, Seattle, WA 98105
- $2,550,000
- 4,030
- SqFt
Listing courtesy of Real Property Associates.
- List Price
- $2,550,000
- Status
- ACTIVE
- MLS#
- 2493978
- Days on Market
- 130
- Style
- 52 - Duplex
- Finished SqFt
- 4,030
- Area Total SqFt
- 4030
- Annual Tax Ammount
- 14585
- Lot Size (sq ft)
- 4,320
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-03-19 00:13:10
- Community
- University District
- Net Operating Income
- $162,561
- Gross Adjusted Income
- $181,200
- Gross Scheduled Income
- $181,200
- Total Monthly Income
- $15,100
- Insurance Expenses
- $3,528
- Gross Rent Multiplier
- 14
- Total Expenses
- $18,638
- Cap Rate
- 6.4
- Total Number of Units
- 2
- Unit Name
- 5230
- Potential Terms
- Cash, Conventional
- Year Built
- 1922
- Roof
- Composition
- Other Expenses
- 525
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $15,100
- Gross Scheduled Income
- $181,200
- Gross Adjusted Income
- $181,200
- Tax Year
- 2025
- Insurance Expense
- $3,528
- Total Expenses
- $18,638
- Net Operating Income
- $162,561
- Gross Rent Multiplier
- 14
- Cap Rate
- 6.4
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.