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2510 16TH AVENUE N

Multi-family For Sale
$895,000

BTC: 13.98437500

ETH: 561.23760731

10 days
5 bds
2,244 sqft

Overview

A 1031 Buyer or House Hacker's Dream! This rare, fully legal, and licensed triplex in sought-after North Kenwood is a true plug-and-play asset! The property is fully furnished and occupied with 5 income streams, averaging over $7,250/mo in rental income (2025 actual). The main home is a 3/2 block home custom-built by the seller in 2023, consistently rented by the room to three separate roommates (T-12 occupancy 96%) and averaging around $3,800/mo in rental income. The rear building is a 1950s block structure that was completely renovated in 2022 to include new electrical, plumbing, and central HVAC; the rear bldg roof was replaced in 2020. This rear building is a 2-story up-and-down duplex with two fully furnished 1/1 apartments averaging $2,000/mo each (T-12 occupancy 97 %, with only 14 nights of vacancy between the two apartments). The property attracts snowbirds, digital nomads, and returning annual guests, and is professionally managed with a comprehensive tech stack that includes dynamic pricing, listing syndications, and smart integrations (ongoing management is available for a true hands-free investment).High and dry with no flood insurance requirement or HOA, the property features three electric meters, 5 parking spaces, and a shared paver patio courtyard with a BBQ and fire pit. All three units have indoor laundry and central HVAC. Survey, 4-point, wind mitigation, rental license, and other documentation are attached. A 1031 buyer could snap this up with low/no debt service and utmost confidence in high occupancy/income and very low CapEx, while a house-hacker could pick this up with as little as 5% down (or less for FHA/VA), occupy any of the units, and still maintain 4 separate income streams! FHA/VA ready with almost no appraisal risk for financed buyers (property appraised for $825k in 2023 upon completion of construction, during a tighter credit market, before utilities were even connected).

Location

Details

Type:
Residential Income
Parking:
Driveway / Ground Level / Guest / Off Street
Year Built:
2023
Lot:
0.13 Acres
Heating:
Central / Electric
Price/sqft:
$399
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$7,754
2025
View
City, Garden
Furnished
Furnished
All facts and features
  • Flooring

    • Luxury Vinyl

    • Porcelain Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Tankless Water Heater

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Open Floorplan

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Parking

    • Driveway

    • Ground Level

    • Guest

    • Off Street

    Property

    • Levels: Two

    • Exterior Features: Courtyard / Fenced / Fire Pit / Sidewalk

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 143116017820110020

    • Zoning: NT-1

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $7,754

  • Source details

    • MLS ID: TB8525945

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / Inside / Washer Hookup

    • Lot Features: City Lot / Landscaped / Level / Near Public Transit / Sidewalk

    • Patio And Porch Features: Patio / Porch

    • Window Features: Blinds

    • Living Area: 2244

    • Water Source: Public

    • Lot Size Dimensions: 45 x 125

    • Subdivision Name: AVALON

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COPELAND MORGAN LLC