Bought with: John L. Scott, Inc
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7023 16th Avenue SW Seattle, WA 98106
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Key Details
Sold Price $1,172,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $355
Subdivision Delridge
MLS Listing ID 2396536
Sold Date 04/24/26
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 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.
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, Conventional, FHA, Rehab Loan, State Bond, VA Loan
Listing Terms Cash, Conventional, FHA, Rehab Loan, State Bond, VA Loan
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