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    University District
    Contact Us
    35  Photos layers Layout publicLocation signpostStreetView directionsDirections mapMain Map
    For Sale 46 Days Online
    $2,550,000
    11 Bedrooms
    4 Bathrooms
    4,030 Sqft House
    Built 1922
    4,320 Sqft Lot
    No Garage
    5230 16th Ave NE Seattle WA 98105
    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.
    Offer Review
    Will review offers when submitted
    Listing source NWMLS MLS #
    2497174
    Listed by
    Paul Jackson, Real Property Associates
    Brian Eastland, Real Property Associates
    Photo 1 5230 16th Ave NE Seattle WA 98105
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    Contact our
    University District
    Real Estate Lead
    Wicklund Real Estate
    Phone...
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    Request a Property Tour Ask a Question Schedule a Call
    Bedroom & Bathroom Layout
    SECOND
    BDRM
    BDRM
    BDRM
    BDRM
    BDRM
    BDRM
    BDRM
    FULL
    BATH
    ¾
    BATH
    MAIN
    ¾
    BATH
    ½
    BATH
    LOWER
    BDRM
    BDRM
    BDRM
    BDRM
    FULL
    BATH
    Property History
    Mar 24, 2026
    Listed
    $2,550,000
    NWMLS #2497174
    Nov 30, 2022
    Sold
    $1,190,000
    NWMLS #1996109
    Sep 15, 2022
    Listed
    $1,350,000
    NWMLS #1996109
    More
    Listing Details
    • Status
      For Sale
    • Price
      $2,550,000
    • Original Price
      Same as current
    • List Date
      March 18, 2026
    • Last Status Change
      March 25, 2026
    • Last Update
      March 31, 2026
    • Days on Market
      46 Days
    • Cumulative DOM
      46 Days
    • $/sqft (Total)
      $633/sqft
    • $/sqft (Finished)
      $633/sqft
    • Listing Source
      NWMLS
    • MLS Number
      2497174
    • Listing Broker
      Paul Jackson
    • Listing Office
      Real Property Associates
    Monthly Payment Estimate
    • Principal and Interest
      $13,367 / month
    • Property Taxes
      $1,215 / month
    • Homeowners Insurance
      $480 / month
    • TOTAL
      $15,062 / month

    • based on 20% down
      ($510,000)
    • and a
      6.85% Interest Rate
    • About:
      All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
    House Details
    • Sqft (Total)
      4,030 sqft
    • Sqft (Finished)
      4,030 sqft
    • Sqft (Unfinished)
      None
    • Property Type
      House
    • Sub Type
      2 Stories + Basement
    • Bedrooms
      11 Bedrooms
    • Bathrooms
      4 Bathrooms
    • Lot
      4,320 sqft Lot
    • Lot Size Source
      Realist
    • Lot #
      Unspecified
    • Project
      Unspecified
    • Total Stories
      3 stories
    • Basement
      Finished
    • Sqft Source
      Realist
    Property Tax Info
    • 2025 Property Taxes
      $14,585 / year
    • No Senior Exemption
    Public Parcel Data & Maps
    Schools
    • School District
      Seattle
    • Elementary
      Unspecified
    • Middle
      Unspecified
    • High School
      Unspecified
    HOA
    • HOA Dues
      Unspecified
    • Fees Assessed
      Unspecified
    • HOA Dues Include
      Unspecified
    • HOA Contact
      Unspecified
    • Management Contact
    Parking
    • Covered
      Unspecified
    • Types
      Off Street
    • Has Garage
      No
    • Nbr of Assigned Spaces
      3
    Construction
    • Year Built
      1922
    • Home Builder
      Unspecified
    Cooling
    • Includes
      Ductless
    Heating
    • Includes
      Ductless
      Radiant
    Interior
    Property
    • Site Features
      Cable TV
      Deck
      Electric Car Charging
      Gas Available
      High Speed Internet
      Patio
    Appliances
    Terms
    • 3rd Party Approval Required)
      No
    • Bank Owned (REO)
      No
    • Complex FHA Availability
      Unspecified
    • Potential Terms
      Cash
      Conventional
    Utilities
    • Energy
      Electric
      Natural Gas
    • Sewer
      Sewer Connected
    • Water Source
      Public
    Additional Info
    • Waterfront
      No
    • Air Conditioning (A/C)
      Yes
    • Buyer Broker's Compensation
      2.5%%
    • MLS Area #
      Area 710
    • Number of Photos
      35
    • Last Modification Time
      Tuesday, March 31, 2026 1:42 PM
    • System Listing ID
      5532654
    Update Info
    • First For Sale
      2026-03-24 17:26:02
    Listing details based on information submitted to the MLS GRID as of Tuesday, March 31, 2026 1:42 PM. 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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    For Sale 46 Days Online
    $2,550,000  
    11 BR    4 BA    4,030 SQFT  
    Offer Review: Anytime
    NWMLS #2497174. Paul Jackson, Real Property Associates
    Map
     
    Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.
    Neither Wicklund Real Estate nor any officer, agent, or employee of Wicklund Real Estate warrants the accuracy, reliability, or timeliness of any information on this website and shall not be liable for any losses caused by such reliance on the accuracy, reliability, or timeliness of such information. Any person or entity that relies on information obtained from this website does so at his or her own risk. The information contained in each listing has not been verified by Wicklund Real Estate. NWMLS listing data (indicated by the three trees icon) is provided (but not compiled) courtesy of the NWMLS.