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$2,550,000

  • For Sale
  • Active
  • Multi-Family

Listed by Paul Jackson | Real Property Associates | (206) 523-0300 and Brian Eastland | Real Property Associates | (206) 523-0300

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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.

Full Property Details for 5230 16th Ave NE

General

  • Price: $2,550,000
  • Taxes: $14,585 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2493978
  • Updated: 3/18/2026
  • Added to Site: 15 day(s) ago

Parking

  • Uncovered Spaces: 3

Location

  • Area: 710 - North Seattle
  • County: King
  • Subdivision: University District
  • Driving Directions: GPS Accurate

School Information

  • High School District: Seattle

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless
  • Heating Type: Ductless, Radiant

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Wood, Wood Products
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 4,030
  • Year Built: 1922

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.0992
  • Lot Size (Sq. Ft.): 4,320
  • Lot Size Source: Realist

Financial Considerations

  • Tax Amount: $14,585
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 8823900640

Listed by Paul Jackson | Real Property Associates | (206) 523-0300 and Brian Eastland | Real Property Associates | (206) 523-0300

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NMLS#: 1598647

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Schools serving 5230 16th Ave NE

School District:Seattle School District
NameGradesDistance
Laurelhurst Elementary School, Seattle, WA
4530 46th Avenue Northeast, Seattle, WA 98105
K-51.6 mi
Eckstein Middle School
3003 Northeast 75th Street, Seattle, WA 98115
6-81.3 mi
Roosevelt High School, Seattle, WA
1410 Northeast 66th Street, Seattle, WA 98115
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5230 16th Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/18/2026
Listed
$2,550,000
114.29%
MLS
11/22/2022
Sold
$1,190,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5230 16th Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,585
41%
$1,522,000
20%
2024
$10,357
-4%
$1,270,000
—
2022
$10,823
13%
$1,270,000
16%
2021
$9,606
—
$1,092,000
11%
2021
$9,606
—
$982,000
-1%
2020
$9,559
9%
$989,000
-3%
2019
$8,808
-5%
$1,015,000
9%
2018
$9,271
15%
$931,000
12%
2017
$8,035
11%
$833,000
14%
2016
$7,252
5%
$733,000
3%
2015
$6,874
6%
$712,000
17%
2014
$6,489
—
$607,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Paul Jackson | Real Property Associates | (206) 523-0300 and Brian Eastland | Real Property Associates | (206) 523-0300

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5230 16th Avenue NE, Seattle, WA 98105 (MLS# 2493978) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 5230 16th Avenue NE is currently listed for $2,550,000 and was received on March 18, 2026. Want to learn more about 5230 16th Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.

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