For Sale19d on marketHistoric · 104 yrs
5230 16th Avenue NE
Seattle, WA, 98105 • University District • King County
$2,550,000
$633/sqft
Down payment assistance available
11Beds
3Baths
4,030Sqft
0.1 acLot
1922Built
Property DNA
Duplex Style
Built 1922 · 104 years of history
University District
University District
This home is getting attention
Listed 19 days ago · 905 views · 36 saves
Market activity
Demand and pricing signals for this listing
905 views
People checking out this listing
36 saves
Buyers have saved this home
19 days on market
Recently listed
$633/sqft
Price per square foot
About this home
Multi Family · Built 1922 · Historic
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.
Standout features identified
Our analysis highlights remodeled kitchen, renovated basement, and new electrical and plumbing as key attractions of this home.
Estimated monthly payment
Based on current rates
$15,878/month
Principal & Interest$12,478
Property Tax$2,550
Insurance$850
Down payment20% ($510,000)
3%50%
Est. 6.19% rate · 30yr fixed · $2,040,000 loan
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At a glance
Key facts and listing details
TypeMulti Family
Year Built1922
HeatingDuctless, Radiant, Electric, Natural Gas
CoolingDuctless
ParkingNo Data
Days on Zillow19 Days
Price/sqft$633
Property
Home typeMulti Family
Sub-typeMulti Family
StyleDuplex
Year built1922
Systems
HeatingDuctless, Radiant, Electric, Natural Gas
CoolingDuctless
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic / Sewer Connected
Parking & Outdoor
Lot4,321 sqft
Location & Tax
NeighborhoodUniversity District
Annual tax$14,585
Parcel8823900640
Features & details
3 categories of property features
Interior Features
Heating
Ductless
Radiant
Electric
Natural Gas
Cooling
Ductless
Exterior Features
Construction
Wood Siding
Wood Products
Listing insights
Market data and value estimates
StatusFor Sale
Days on market19
Tax rate0.82%
Price/sqft$633
On marketMar 18, 2026
PostedMar 18, 2026
Last sold$1,190,000
MLS statusActive
MLS updatedMar 24, 2026
Tour days9
Views905
Favorites36
How are the schools in Seattle?
3 schools rated nearby
Location
Seattle, WA, 98105
Price history
10 events
DateEventPrice$/sqftSource
Mar 18, 2026Listed For Sale$2,550,000$633NWMLS as distributed by MLS GRID
Dec 30, 2025Listing Removed$11,200$3Zillow Rentals
Dec 2, 2025Listed For Rent$11,200$3Zillow Rentals
Nov 14, 2025Listing Removed$11,200$3Zillow Rentals
Oct 16, 2025Listed For Rent$11,200$3Zillow Rentals
Oct 30, 2024Listing Removed$10,900$3Zillow Rentals
Oct 15, 2024Listed For Rent$10,900$3Zillow Rentals
Nov 30, 2022Sold$1,190,000$295NWMLS as distributed by MLS GRID
Oct 5, 2022Pending Sale$1,350,000$335NWMLS as distributed by MLS GRID
Sep 16, 2022Listed For Sale$1,350,000$335NWMLS as distributed by MLS GRID
Listed For Sale$2,550,000
Mar 18, 2026•$633/sqft•NWMLS as distributed by MLS GRID
Listing Removed$11,200
Dec 30, 2025•$3/sqft•Zillow Rentals
Listed For Rent$11,200
Dec 2, 2025•$3/sqft•Zillow Rentals
Listing Removed$11,200
Nov 14, 2025•$3/sqft•Zillow Rentals
Listed For Rent$11,200
Oct 16, 2025•$3/sqft•Zillow Rentals
Listing Removed$10,900
Oct 30, 2024•$3/sqft•Zillow Rentals
Listed For Rent$10,900
Oct 15, 2024•$3/sqft•Zillow Rentals
Sold$1,190,000
Nov 30, 2022•$295/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,350,000
Oct 5, 2022•$335/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,350,000
Sep 16, 2022•$335/sqft•NWMLS as distributed by MLS GRID
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$14,585$1,522,000
Apr 7, 2023$10,357$1,084,000
Apr 7, 2022$10,823$1,270,000
Apr 7, 2021$10,125$1,092,000
Apr 7, 2020$9,606$982,000
Apr 7, 2019$9,559$989,000
Apr 7, 2018$8,808$1,015,000
Apr 7, 2017$9,271$931,000
Apr 7, 2016$6,874$833,000
Apr 7, 2015$6,874$733,000
Apr 7, 2014$6,874$712,000
Apr 7, 2013$6,874$607,000
Apr 7, 2012—$555,000
Apr 7, 2011—$555,000
Apr 7, 2010—$578,000
Apr 7, 2009—$578,000
Apr 7, 2007—$610,000
Apr 7, 2006—$574,000
Apr 7, 2005—$531,000
Apr 7, 2001$4,742$405,000
Apr 7, 2000$4,410$356,000
Nearby homes
Neighborhood details
Local context around this listing
Seattle, WA • King County
Nearby neighborhoods
AdamsCapitol HillFirst HillFremontGreenwoodMagnoliaMinorRavennaUniversity DistrictWallingford
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040981039810598109981159811798118981229812598133
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Based on information submitted to the MLS GRID as of 2026-04-07 06:13:26 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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