7023 16th Avenue Sw, Seattle, WA 98106
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: becca pitts, jacob weaver
Office: exp realty
MLS#:2396536
Source:NWMLS
7023 16th Avenue Sw,Seattle, WA 98106
$1,250,000
- - Beds
- - Baths
- 3,300 sq. ft.
- Multi-family
- Pending
Price summary
- Price:$1,250,000
- Price per sq. ft.:$378.79
About this home
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....
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Home facts
- Year built:2013
- Listing ID #:2396536
- Updated:March 19, 2026 at 10:43 AM
Rooms and interior
- Flooring:Carpet, Hardwood, Vinyl Plank
- Living area:3,300 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:2013
- Building area:3,300 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Curbed Lot, Secluded, Sidewalk
- Construction Materials:Wood Products Exterior Finish
- Exterior Features:Fenced-Partially
Schools
- High school:West Seattle High
- Middle school:Madison Mid
- Elementary school:Sanislo
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$378.79
- Tax amount:$9,390 (2025)
Features and amenities
- Amenities:Cable TV, Gas Available, High Speed Internet
Parking
- Total parking spaces:6
- Parking description:RV Parking, Uncovered Space(s) : 5
- Garage:Yes
- Garage spaces:1
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