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
Listed by Brian Eastland
·
Real Property Associates
Last updated March 31, 2026
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Source: NWMLS #2497174
Listing Facts
TypeSingle-family
NeighborhoodUniversity Park
Bedrooms11
Bathrooms5
Days on Prevu44
Taxes$14,585/year
Size4,030 sqft
Price per sqft$633
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
03/18/2026
Listed by Real Property Associates
$2,550,000
Property Details for 5230 16th Avenue NE
Exterior
Construction
Roof: Composition
Structure Type: House
Year Built: 1922
Construction Materials: Wood, Wood Products
Entry Location: Main
Exterior Features: Wood, Wood Products
Measurements
Building Area Total: 4,030
Building Area Units: Square Feet
Lot Size Acres: 0.09
Lot Size Square Feet: 4,320
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 8823900640
Tax Annual Amount: $14,585.00
Tax Year: 2025
Interior
Features
Fireplace Features: Wood Burning
Measurements
Living Area: 4,030
Rooms
Basement: Finished
Bathrooms Full: 2
Bathrooms Half: 1
Bathrooms Three Quarter: 2
Bathrooms Total Integer: 5
Bedrooms Total: 11
Main Level Bathrooms: 2
Other
Location
Subdivision Name: University District
Parking
Parking
Parking Features: Off Street
Parking Total: 3
Schools
High School
High School District: Seattle
Utilities
Equipment
Has Cooling: Yes
Has Heating: Yes
Sewer: Sewer Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 11 bedrooms and 5 bathrooms in this single-family home at 5230 16th Avenue NE.
Does this single-family home have parking?
Yes, there are 3 parking spaces available for 5230 16th Avenue NE.
What are the annual taxes for 5230 16th Avenue NE?
Annual taxes for this single-family home are estimated at $14,585.
How does 5230 16th Avenue NE compare to other single-family homes in University Park?
This single-family home is listed 50% above the average price for single-family homes in University Park and has been on the market for 37 more days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 4,030 sqft.
5230 16th Avenue NE is a 11-bedroom, 5-bath single-family home for sale in Seattle WA 98105. On Prevu for 44 days at $2,550,000. This residence features 4,030 square feet of living space, located in Seattle. The median listing price for single-family homes in this area is $1,695,000. Property amenities include pets allowed and parking. Explore more single-family home listings in Seattle.
Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.