5230 16th Avenue NE, Seattle, WA 98105
What's special
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.
- 160 days |
- 337 |
- 24 |
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Paul Jackson,
Real Property Associates, Inc.,
Brian Eastland,
Real Property Associates, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 3
Heating
- Ductless, Radiant, Electric, Natural Gas
Cooling
- Ductless
Features
- Has fireplace: No
Interior area
- Total structure area: 4,030
- Total interior livable area: 4,030 sqft
Video & virtual tour
Property
Parking
- Uncovered spaces: 3
Lot
- Size: 4,321 Square Feet
Details
- Parcel number: 8823900640
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding, Wood Products
- Roof: Composition
Condition
- Year built: 1922
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: University District
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $633/sqft
- Tax assessed value: $1,714,000
- Annual tax amount: $14,585
- Date on market: 3/18/2026
- Cumulative days on market: 161 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2026 | Listed for sale | $2,550,000+114.3%$633/sqft |
Source:  NWMLS as distributed by MLS GRID #2493978 Report a problem | ||
| 12/30/2025 | Listing removed | $11,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/2/2025 | Listed for rent | $11,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/14/2025 | Listing removed | $11,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2025 | Listed for rent | $11,200+2.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/30/2024 | Listing removed | $10,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/15/2024 | Listed for rent | $10,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/30/2022 | Sold | $1,190,000-11.9%$295/sqft |
Source: NWMLS as distributed by MLS GRID #1996109 Report a problem | ||
| 10/5/2022 | Pending sale | $1,350,000$335/sqft |
Source: NWMLS as distributed by MLS GRID #1996109 Report a problem | ||
| 9/16/2022 | Listed for sale | $1,350,000$335/sqft |
Source: NWMLS as distributed by MLS GRID #1996109 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,606 +20.7% | $1,714,000 +12.6% |
| 2024 | $14,585 +40.8% | $1,522,000 +40.4% |
| 2023 | $10,357 -4.3% | $1,084,000 -14.6% |
| 2022 | $10,823 +6.9% | $1,270,000 +16.3% |
| 2021 | $10,125 +5.4% | $1,092,000 +11.2% |
| 2020 | $9,606 +0.5% | $982,000 -0.7% |
| 2019 | $9,559 +8.5% | $989,000 -2.6% |
| 2018 | $8,808 -5% | $1,015,000 +9% |
| 2017 | $9,271 +34.9% | $931,000 +11.8% |
| 2016 | $6,874 | $833,000 +13.6% |
| 2015 | $6,874 | $733,000 +2.9% |
| 2014 | $6,874 | $712,000 +17.3% |
| 2013 | $6,874 | $607,000 +9.4% |
| 2012 | -- | $555,000 |
| 2011 | -- | $555,000 -4% |
| 2010 | -- | $578,000 |
| 2009 | -- | $578,000 -5.2% |
| 2007 | -- | $610,000 +6.3% |
| 2006 | -- | $574,000 +8.1% |
| 2005 | -- | $531,000 +31.1% |
| 2001 | $4,742 +7.5% | $405,000 +13.8% |
| 2000 | $4,410 | $356,000 |
Find assessor info on the county website
Monthly payment
Estimated market value
Not available
Estimated sales range
Not available
Not available
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.