Seattle, WA 98106,7023 16th Avenue SW
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Seattle, WA 98106,7023 16th Avenue SW
Seattle, WA 98106,7023 16th Avenue SW
Seattle, WA 98106,7023 16th Avenue SW
Seattle, WA 98106,7023 16th Avenue SW
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Brooke Shannon

Brooke Shannon

+1(503) 292-1500
Listed by eXp Realty Becca Pitts 
$ 1,250,000
Est. payment /mo
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Active

7023 16th Avenue SW Seattle, WA 98106

9 Beds

9 Baths

3,300 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $378

Subdivision Delridge

MLS Listing ID 2396536

Style 52 - Duplex

Bedrooms 9

Year Built 2013

Annual Tax Amount $9,390

Lot Size 5,368 Sqft

Property Sub-Type Multi Family

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

Interior

Flooring Hardwood, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Garage Spaces 1.0

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

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Curbs, Secluded, Sidewalk

Sewer Sewer Connected

Water Public

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Brooke Shannon

Brooke Shannon

+1(503) 292-1500

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7023 16th Avenue SW