5230 16th AVE NE, Seattle, WA 98105
5230 16th AVE NE, Seattle, WA 98105
5230 16th AVE NE, Seattle, WA 98105
35
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Listed by:Real Property Associates • Paul Jackson
$2,550,000
Est. payment /mo
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11 Beds
4 Baths
4,030 SqFt
Active

5230 16th AVE NE Seattle, WA 98105

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,030 sqft

Price per Sqft $632

Subdivision University District

MLS Listing ID 2497174

Style 18 - 2 Stories w/Bsmnt

Bedrooms 11

Full Baths 2

Half Baths 1

Year Built 1922

Annual Tax Amount $14,585

Lot Size 4,320 Sqft

Property Sub-Type Single Family Residence

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.

Location

State WA

County King

Area 710 - North Seattle

Rooms

Basement Finished

Interior

Fireplaces Type Wood Burning

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Cable TV, Deck, Electric Car Charging, Gas Available, High Speed Internet, Patio

View Y/N No

Roof Type Composition

Building

Story Two

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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DJ Gee

DJ Gee

+1(253) 363-0413

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5230 16th AVE NE

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