5230 16th AVE NE, Seattle, WA 98105
5230 16th AVE NE, Seattle, WA 98105,Video Tour
5230 16th AVE NE, Seattle, WA 98105
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Andy Holmstrom

Andy Holmstrom

+1(360) 421-9542
Listed by:Real Property Associates • Paul Jackson
$2,550,000
Est. payment /mo
11 Beds
3 Baths
4,030 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,030 sqft

Price per Sqft $632

Subdivision University District

MLS Listing ID 2493978

Style 52 - Duplex

Bedrooms 11

Year Built 1922

Annual Tax Amount $14,585

Lot Size 4,320 Sqft

Property Sub-Type Multi Family

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.

Location

State WA

County King

Area 710 - North Seattle

Interior

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/aa8a7a26-06c6-4ce2-a35f-74db5c47c194?wl=true&setAttribution=mls&initialViewType=pano

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Andy Holmstrom

Andy Holmstrom

+1(360) 421-9542

Agent | License ID: 80279

Agent License ID: 80279

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