5230 16th Avenue NE

Seattle, WA 98105

  • 7 Bed

  • 2.5 Bath

  • 4030 SqFt

  • 7 DOM

  • Built: 1922

  • Status: Active

$2,550,000

X

5230 16th Avenue NE

Seattle 98105

$2550000

  • 7 Bed

  • 2.5 Bath

  • 4030 SqFt

  • 7 DOM

  • Built: 1922

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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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Residence Information

  • 4030

  • 7

  • 2

  • 1

  • 2.5

  • Composition

  • 18 - 2 Stories w/Bsmnt

  • 1922

  • Finished

  • Finished

  • Poured Concrete

Features and Utilities

  • Wood, Wood Products

  • Public

  • Sewer Connected

Financial

  • 14585

  • Cash, Conventional

  • 03-18-2026

Comparable Information

  • 7

  • 7

  • Cash, Conventional

  • $2,550,000

  • $2,550,000

  • Mar 25, 2026 16:11

Schools

Map

Listing courtesy of Real Property Associates.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 25, 2026 15:22 | Listing last modified Mar 25, 2026 16:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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