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7023 16th Avenue SW

$1,250,000
7023 16th Avenue SW, Seattle, WA 98106
7023 16th Avenue SW

7023 16th Avenue SW

$1,250,000

ATTENTION INVESTORS: CASH FLOW, LOCATION, AND FLEXIBILITY Blocks from South Seattle College, this income-producing property is perfectly set up for rental housing, co-living, or shared-living rentals. Main home features 8 private bedrooms, each with private bath, including one suite with a kitchenette for premium rent potential. Separate-entrance 1 bed/1 bath ADU adds more options ideal for owner-occupancy, additional rental income, or on-site management. This property is built to perform from day one. Use it as the ultimate house hack live in the ADU and let eight income streams pay the mortgage or operate it as a fully passive investment. With strong, predictable room-by-room income and high demand from the nearby college community, it's an excellent candidate for DSCR financing, allowing investors to qualify based on the property's income rather than personal income. Current rents already prove the model: 2 of the 9 rooms are occupied at $1,250/month each, while the kitchenette suite and ADU are vacant and ready to maximize returns. With professional property management available and an estimated 9.8% cap rate, this is a turnkey, scalable investment with immediate upside. Whether you're growing a portfolio or starting your first investment, this property offers multiple strategies rental housing, workforce housing, flat-share living, or long-term rentals all in a high-demand Seattle location. Opportunities this versatile and finance-friendly don't come along often.
Jacob Weaver
Jacob Weaver Contact

Features & Amenities

Interior

Flooring Hardwood, Vinyl Plank, Carpet

Exterior

Stories 2
Garage Space 1.0
Water Source Public
ROOF Composition
Lot Features Curbs, Secluded, Sidewalk
Parking RV Parking
Heat type Wall Unit(s)
Air Conditioning None
Sewer Sewer Connected
Substructure Poured Concrete
Security Features Partially Fenced
Other Exterior Features Wood Products

Area & Lot

Status For Sale
LIVING SPACE 3,300 Sq.Ft.
TOTAL AREA 3,300 Sq.Ft.
LOT SIZE 5,368 Sq.Ft.
MLS® ID 2396536
Type Multi-Family
Year Built 2013
View Description Territorial
ELEMENTARY SCHOOL Sanislo
MIDDLE SCHOOL Madison Mid
HIGH SCHOOL West Seattle High
School District Seattle

Financial

SALES PRICE $1,250,000
REAL ESTATE TAXES $9,390/yr
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Schedule a Showing

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Thank you for your interest in 7023 16th Avenue SW, Seattle, WA 98106. We are reviewing your request and will be in touch shortly!

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