7023 16th Avenue SW, Seattle, WA 98106
- $1,172,500
- 9
- BD
- 9
- BA
- 3,300
- SqFt
Listing courtesy of eXp Realty. Selling Office: John L. Scott, Inc.
- Sold Price
- $1,172,500
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2395276
- Closing Date
- Apr 24, 2026
- Days on Market
- 258
- Bedrooms
- 9
- Finished SqFt
- 3,300
- Area Total SqFt
- 3300
- Annual Tax Ammount
- 9390
- Lot Size (sq ft)
- 5,368
- Sewer
- Sewer Connected
Property Description
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.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- Community
- Delridge
- Style
- 12 - 2 Story
- Basement
- None
- Year Built
- 2013
- Total Covered Parking
- 1
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking
- Tax Year
- 2025
- School District
- Seattle
- Elementary School
- Sanislo
- Middle School
- Madison Mid
- High School
- West Seattle High
- Potential Terms
- Cash, Conventional, FHA, Rehab Loan, State Bond, VA Loan
- Interior Features
- Second Kitchen, Second Primary Bedroom, Bath Off Primary, Dbl Pane/Storm Window, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar
- Flooring
- Hardwood, Vinyl Plank, Carpet
- Driving Directions
- Hwy 99 North to Highland Park Way SW, Right onto SW Holden St, Right onto 16th Ave SW to home on Left.
- Appliance
- Dishwasher, Disposal, Microwave, Refrigerator, Stove(s)/Range(s)
- Appliances Included
- Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
- Water Heater Location
- Utility Closet
- Water Heater Type
- Electric
- Energy Source
- Electric
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively 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.