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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.
- Neighborhood
- Type
- Total Baths
- 1/2 Baths
- CountyKing
- Area710 - North Seattle
- Tax Amount$14,585
- StatusActive
- Listing #2497174
- Built1922
- Lot Size0.10
- Listed on site90 days
Listed by:
Real Property Associates
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2026-06-23 06:02:49. DMCA
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Property details
Community Features
- No HOA
- No Adult Community
Exterior features
- No Pool
- Parking Off-Street
- Basement
Interior Features
- Basement Finished
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