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Brooke Shannon

chimeadmin@eleetere.com +1(503) 292-1500

Listed by eXp Realty Becca Pitts

$ 1,250,000

Est. payment -/mo

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Active

7023 16th AVE SW Seattle, WA 98106

9 Beds

8.75 Baths

3,300 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $378

Subdivision Delridge

MLS Listing ID 2395276

Style 12 - 2 Story

Bedrooms 9

Full Baths 8

Year Built 2013

Annual Tax Amount $9,390

Lot Size 5,368 Sqft

Property Sub-Type Single Family Residence

Property Description

ATTENTION INVESTORS: CASH FLOW, LOCATION, AND FLEXIBILITY Blocks from South Seattle College, this income-producing property is perfectly set up for student 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 student 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.

Location

State WA

County King

Area 140 - West Seattle

Rooms

Basement None

Main Level Bedrooms 4

Interior

Interior Features Second Kitchen, Second Primary Bedroom, Bath Off Primary, Double Pane/Storm Window, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar

Flooring Hardwood, Vinyl Plank, Carpet

Fireplace false

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

Exterior

Exterior Feature Wood Products

Amenities Available Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking

View Y/N Yes

View Territorial

Roof Type Composition

Garage Yes

Building

Lot Description Curbs, Secluded, Sidewalk

Story Two

Sewer Sewer Connected

Water Public

Architectural Style Traditional

New Construction No

Schools

Elementary Schools Sanislo

Middle Schools Madison Mid

High Schools West Seattle High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, FHA, Rehab Loan, State Bond, VA Loan

Listing Terms Cash Out, Conventional, FHA, Rehab Loan, State Bond, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Brooke Shannon

+1(503) 292-1500

Brooke Shannon

7023 16th AVE SW Seattle, WA 98106

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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7023 16th AVE SW