Link Copied
Listed price in listed location currency (USD).
$1,250,000

991

MLS® 2395276

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3300 sqft
Garage Yes
Taxes $9,390
Days Active 214
Lot Size 0.1232 acres
Approx. Age 2013
Avg. Price Per Sqft $378
MLS® Number 2395276

Property Address: 7023 16th Ave Sw, Seattle, WA, 98106-1616

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2395276
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1232
Exterior
GarageYes
Approx. Age2013
BasementNone
DrivewayDetached Garage, RV Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)

Rooms

Other:Main FloorNot available
Dining Room:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Living Room:Main FloorNot available
Other:Main FloorNot available
Utility Room:Main FloorNot available

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 20, 2025List Date
$1,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
7023 16 Th Ave Sw, Seattle, WA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties