Property Details
7023 16th Avenue SW, Seattle, WA 98106
Seattle, WA 98106
$1,250,000
Pending Inspection
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About This Home
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 Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Pending Inspection
County
King
Neighborhood
Delridge
Listed
Jun 20, 2025
Interior Features
Bedrooms
9
Bathrooms
9.0
Living Area
3,300 sq ft
Basement
None
Entry Level
Main
Interior Features
Second Kitchen, Second Primary Bedroom, Bath Off Primary, Dbl Pane/Storm Window, Vaulted Ceilings, Walk-In Closet(s), Water Heater, Wet Bar
Exterior & Lot
Lot Size
0.12 sqft
Year Built
2013
Exterior Materials
Wood
Parking
Detached Garage, RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Secluded, Sidewalk
Exterior Features
Wood Products
Location
City
Seattle
County
King
Coordinates
47.54031, -122.35547
Schools
School District
Seattle
Elementary School
Sanislo
Middle School
Madison Mid
High School
West Seattle High
Additional Information
Tax Year
2025
Annual Taxes
$9,390
Possession
Array
Inclusions
Dishwasher(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of March 10, 2026 7:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
