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Listing provided courtesy of Real Property AssociatesNWMLSMLS# NWM2497174MLS Provider
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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.

Source: NWMLS, MLS#: NWM2497174

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  • Property Type
    Residential
  • Lot
    0.10 acres

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  • Median Age
    24
  • Population Density
    8,067
  • College Educated
    81%
  • Estimated Median Income
    $67,449
  • Estimated Total Home Owners
    5,615
  • Estimated Total Renters
    11,717
  • Owner / Renter Divide
    32% / 68%
  • Estimated Average Household Size
    2
  • Total Population
    52,290
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5230 16th Avenue NE

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/24/2026Source: NWMLS Added to Database
March 24, 2026
3/18/2026Source: NWMLS Added to Database
March 18, 2026
11/30/2022Source: NWMLS Status Change
Sold
10/4/2022Source: NWMLS Status Change
Pending
9/16/2022Source: NWMLS Price Increase
$1,350,000 3.8%
9/16/2022Source: NWMLS Added to Database
September 16, 2022