5230 16th Ave NE

4,030 Sq. Ft.
$633 / Sq. Ft.
4,030
Sq. Ft.
$633
per Sq. Ft.

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...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.
  1. Listed by Paul Jackson • Real Property Associates
    P: (206)-523-0300 pjackson@rpare.com
  2. Listed by Brian Eastland • Real Property Associates
    P: (206)-523-0300 briandenniseastland@gmail.com

Property Details for 5230 16th Avenue Northeast

Community Name
University District
School District
Seattle
Number of Assigned Spaces
3
Total Covered Parking
0
Entry Date
03-18-2026
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 03/31/2026 01:42 PM

Property Details for 5230 16th Avenue Northeast

StatusActive
MLS #2497174
Days on Market75
Cumulative Days on Market75
Taxes$14,585 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential
Year Built1922
Lot Size0.10 AC / 4,320 SF
CountyKing County

Location

Listing Courtesy of Real Property Associates
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Building Information for 5230 16th Avenue Northeast

Stories-Year Built1922Building Size-Lot Size0.10 AC / 4,320 SF

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Property Taxes

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Property Information for 5230 16th Avenue Northeast

Summary
Location and General Information
  • Style: 18 - 2 Stories w/Bsmnt
  • Building Information: Built On Lot
  • Site Features: Cable TV, Deck, Electric Car Charging, Gas Available, High Speed Internet, Patio
  • Area: 710 - North Seattle
  • Directions: GPS Accurate
  • Property Sub Type: RESI
  • View: No
  • Waterfront: No
  • Entry Location: Main
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Attached Garage: No
  • Carport: No
  • Parking Type: Off Street
  • Open Parking: No
  • Parking Features: Off Street
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Full Baths Lower: 1
  • Full Baths Main: 0
  • Full Baths Upper: 1
  • Three Quarter Baths Lower: 0
  • Three Quarter Baths Main: 1
  • Three Quarter Baths Upper: 1
  • Half Baths Lower: 0
  • Half Baths Main: 1
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 2
  • ADU Baths: 2
Bedroom Information
  • ADU Beds: 3
  • Bedrooms Main: 0
  • Bedrooms Upper: 7
  • Bedrooms Lower: 4
  • Master Bedroom Level: Second
Interior Features
  • Fireplaces Total: 0
  • Basement: Finished
  • Room and Floor: Dining Room-Main, Entry Hall-Main, Kitchen With Eating Space-Main, Living Room-Main, Primary Bedroom-Second, Bedroom-Second, Bedroom-Lower, Bathroom Full-Lower, Bathroom Full-Second, Bathroom Half-Main, Utility Room-Lower, Bathroom Three Quarter-Main, Utility Room-Second, Bathroom Three Quarter-Second
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace Features: Wood Burning
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless, Radiant
  • FIRPTA: No
  • Room List: Dining Room, Entry Hall, Kitchen With Eating Space, Living Room, Primary Bedroom, Bedroom, Bathroom Full, Bathroom Half, Utility Room, Bathroom Three Quarter
  • Number Of Showers: 4
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Senior Exemption: No
  • Foundation: Poured Concrete
  • Level: Two
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 35
Lot Information
  • Lot Size Source: Realist
  • Parcel Number Free Text: 8823900640
  • Calculated Square Footage: 4880
  • Structure Type: House
  • Square Footage Finished: 4030
  • Square Footage Unfinished: 0
  • Building Area Total: 4030.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 3
Rental
Rent Information
  • Occupant Type: Tenant
  • Land Lease: No

Property History for 5230 16th Avenue Northeast

DateEvent & SourcePriceAppreciation
Mar 18, 2026

Listed (Active)

NWMLS #2497174

$2,550,000
Mar 18, 2026

Listed (Active)

NWMLS #2493978

$2,550,000
Nov 30, 2022

Sold

NWMLS #1996109

$1,190,000
DateEvent & SourcePrice
03/18/2026

Listed (Active)

NWMLS #2497174

$2,550,000
03/18/2026

Listed (Active)

NWMLS #2493978

$2,550,000
11/30/2022

Sold

NWMLS #1996109

$1,190,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5230 16th Avenue Northeast

Taxable ValueLand$700,000Additions$1,014,000Total$1,714,000
Tax Record2025$17,606 ($1,467 / month)
Home Facts
Beds4Baths1.5Total Finished SqFt2,320 SqFtAbove Ground SqFt2,320 SqFtStories2Lot Size4,320 SqFtStyleSingle Family ResidenceYear Built1922ZoningNR3CountyKINGAPN882390-0640Fireplace TypeHas Fireplace

Schools near 5230 16th Avenue Northeast

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Laurelhurst Elementary School
PublicK to 5

Eckstein Middle School
Public6 to 8

Roosevelt High School
Public9 to 12

McDonald International School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

5230 16th Avenue Northeast is a single family home for sale in Seattle, WA 98105. This property was listed for sale on March 18, 2026 by Real Property Associates, it's currently listed at $2,550,000. It has been on the market for a total of 75 days and was last sold on November 30, 2022. This listing's school district is Seattle Public Schools. Nearby schools include Laurelhurst Elementary School, Eckstein Middle School and Roosevelt High School. 5230 16th Avenue Northeast is a 11-bed, 5-bath, 4,030 sqft single family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Property Associates

Based on information submitted to the MLS GRID as of 03/31/2026 01:42 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.