7023 16th Avenue Sw, Seattle, 98106
MLS® #: 2395276
Active, 232 Days on Market
Listing Office: eXp Realty
Last Update: 2026-02-07
9
Beds
8¾
Baths
0
Garages
232
Dom
3,300
Square feet
0.12
Acres
2013
Built
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.
Features of 7023 16th Avenue Sw
| MLS® # | 2395276 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 9 |
| Bathrooms | 8.75 |
| Full Baths | 8 |
| Square Footage | 3,300 |
| Acres | 0.12 |
| Year Built | 2013 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 7023 16th Avenue Sw |
|---|---|
| Area | 140 - West Seattle |
| Subdivision | Delridge |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98106 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Parking | Detached Garage, RV Parking |
| View | Territorial |
| Is Waterfront | No |
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 |
|---|---|
| Appliances | Dishwasher(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s) |
| Heating | Wall Unit(s) |
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior Features | Wood Products |
|---|---|
| Lot Description | Curbs, Secluded, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Seattle |
|---|---|
| Elementary | Sanislo |
| Middle | Madison Mid |
| High | West Seattle High |
Additional Information
| Days on Market | 232 |
|---|---|
| Cumulative Days on Market | 232 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $9,390 |
Listing Details
| Office | eXp Realty |
|---|
Listing Map
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