MLS #2493978 / Listing provided by NWMLS & Real Property Associates.
$2,550,000
5230 16th Avenue NE
Seattle,
WA
98105
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: Yes
Parking
- Garage Spaces: 0
- Total Uncovered Parking Spaces: 3
Structure
- Roof: Composition
- Exterior Features: Wood, Wood Products
Lot Details
- Acres: 0.0992
Schools
- High School District: Seattle
Lot Details
- Acres: 0.0992
Power
- Energy Source: Electric, Natural Gas
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 0
CJ Stewart
Broker | REALTOR®
Send CJ Stewart an email