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Open Fri, May 29 +1
Open Fri, May 29
Open Fri, May 29 +3
Open Sat, May 30 +1$2,550,000
Est. $12,934/mo11 bd•0.5 ba•4,030 sq ft
5230 16th Avenue Ne, Seattle, WA 98105
• Listed 2026-03-18•59 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 3:41 PM PDT (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Paul Jackson • Real Property Associates
Listing updated: March 31, 2026 at 01:42pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2497174
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →Open Fri, May 29 +1Open Fri, May 29Open Fri, May 29 +3Open Sat, May 30 +15 recent nearby sales, priced between $1.05M and $2.63M.Sourced from public records — exterior photo via Google Street View.
$1,749,500Last sold price
1315 Ne 70th St, Seattle, WA 98115
$1,250,000Last sold price
5607 12th Ave NE, Seattle, WA 98105
$2,625,000Last sold price
5727 33rd Ave NE, Seattle, WA 98105
$15,485 per month
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Ask a RexMont agentMarket data via RentCast · Updated May 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.