Listed by Paul Jackson, Real Property Associates
- 11
- Bedrooms
- 5
- Bathrooms
- 4,030
- Square feet
- $633
- Per sq ft
- Single Family Residence
- Type
- 1922
- Year built
- 4,320 sq ft
- Lot
- 162
- Days on market
About this property
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 & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2497174
- Listed
- March 18, 2026
- Days on market
- 162
- Price per sq ft
- $633
Unit & building
- Unit levels
- Two
Parking
- Parking
- Off Street
- Total spaces
- 3
Construction
- Year built
- 1922
- Style
- 18 - 2 Stories w/Bsmnt
- Structure
- House
- Roof
- Composition
Heating & cooling
- Heating
- DuctlessRadiant
- Cooling
- Ductless
- Energy source
- ElectricNatural Gas
Interior features
- Fireplace type
- Wood Burning
Lot
- Lot size
- 4,320 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Public
- Sewer
- Sewer Connected
Schools
- District
- Seattle
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Two
- Off Street
- House
- Composition
- Ductless
- Radiant
- Electric
- Natural Gas
- Wood Burning
- Cash
- Conventional
- Public
Listing history
Listed
$2,550,000
March 18, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$14,849
- Principal & interest
- $12,894
- Property tax (est.)
- $1,955
Assumes $510,000 down (20%), a $2,040,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 3:03 AM 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.