5230 16th Avenue NE, Seattle, WA 98105
- $2,550,000
- 11
- BD
- 5
- BA
- 4,030
- SqFt
Courtesy of Real Property Associates
- List Price
- $2,550,000
- Status
- ACTIVE
- Days on Market
- 132
- MLS#
- 2497174
- Subtype
- Residential
- Style
- 18 - 2 Stories w/Bsmnt
- Year Built
- 1922
- Bedrooms
- 11
- Bathrooms
- 5
- Living Area
- 4,030
- Lot Size
- 4,320
- Acres
- 0.10
- Subdivision
- University District
- Neighborhood
- University District
- MLS Area Major
- North Seattle
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.
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Additional Information
- Exterior Features
- Wood, Wood Products
- Property Description
- 18 - 2 Stories w/Bsmnt
- Heating
- Ductless, Radiant
- Air Conditioning
- Ductless
- Levels
- Two
- Roof
- Composition
- Parking Features
- Off Street
- School District
- Seattle
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.