Courtesy of eXp Realty and NWMLSNWMLS

OverviewEstate Overview - $1,250,000Closed

Listing View10
Like Count-
-
7023 16th Avenue,

Seattle, WA 98106

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...See More

  • 9 Beds
  • 9 Baths
  • 3300 Sqft
  • Houses

OverviewListing Details

Status:Closed
Original Listing Price: $ 1,250,000
Listing Date: 06/20/2025
Days on dealty:Was on Dealty for 311 days
County:King
MLS Type:NWMLSNWMLS
Built In:2013
Has HOA:No
Status Change Date:April 27, 2026
Pool:No
Cumulative Days on market:258 days
Last Updated:05/25/2026, 10:17:25 PM
*Please Contact Lister for more information.

FeaturesProperty Features

Design
  • Property subtype: Single Family Residence
  • Construction materials: Wood
  • Roof: Composition
  • Architectural style: Traditional
Flooring
  • Hardwood
  • Vinyl Plank
  • Carpet
Interior Spaces
  • Interior features: Second Kitchen, Second Primary Bedroom, Bath Off Primary, Dbl Pane/Storm Window, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar
  • Basement: None
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove(s)/Range(s)
Bedrooms & Bathrooms
  • 9 - Bedrooms
  • 9 - Bathrooms
Exteriors
  • Exterior features: Wood Products,
  • View: Territorial
Lot Details
  • Lot size: 0.1232 Acres / 5368 Square feet
  • Topography : Level

AmenitiesAmenities

Utilities
  • Cooling - None
  • Heating - Wall Furnace
Laundry
    --
Parking
  • Parking Features: Detached Garage, RV Parking

HOAHOA & Financial

Primary HOA
    No
Second HOA
    No
Third HOA
    No

OverviewOpen House

* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

Schools & Neighborhood

Schools
    --
Neighborhood
    --

NeighborhoodExplore The Area

Similar HomesSimilar Homes

AgentListing Agent

Agent
Becca Pitts

(eXp Realty)

MLS # NWM2395276

7023 16th Avenue

Seattle, WA 98106

$1,250,000
Flyer cover
Flyer Image
Flyer Image
FOR MORE PHOTOS VISIT
https://www.dealty.ai/buy/home/7023-16th-avenue-seattle-wa-98106
Bedrooms
9
Bathrooms
9
Approx sqft
3300
Year Built
2013
Lot Size
5368 sqft/ 0.123 acres

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...(Visit the link to Get more info)

AGENT CONTACT

Northwest Multiple Listing Service

Based on information submitted to MLS Grid as of 05/25/2026, 10:17:25 PM. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used solely to identify prospective properties that consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed by MLS Grid. All information should be independently reviewed and verified. Open house information is subject to change without notice. Properties may or may not be listed by the office or agent presenting the information.