7023 16th Avenue SW Seattle, WA 98106
7023 16th Avenue SW
Seattle, WA 98106
$1,250,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Delridge
Duplex
View: Territorial
Cable TV
Fenced-Partially
Gas Available
High Speed Internet
Outbuildings
RV Parking
Exterior: Wood Products
Roof: Composition
Year Built: 2013
2025 Taxes: $9390.00
Buyer Broker Comp.: Include in Offer
Listing #: 2396536
Lot Details
Lot Size: 0.12 acres
Curbs
Secluded
Sidewalk
No. of Units: 2
Interior
Cooling: None
Heating: Wall Unit(s)
Electric
Schools
District: Seattle
Elem: Sanislo
Middle: Madison Mid
High: West Seattle High
Call or Email:
Grace Wamwere
What's Near 7023 16th Avenue SW Seattle, WA 98106?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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