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$1,172,500

  • Sold
  • Closed
  • Single Family
  • 9 Beds
  • 8 Full Baths
  • 1 Partial Bath
  • 3,300 Sq. Ft.

Listed by Becca Pitts | eXp Realty | (888) 317-5197 and Jacob Weaver | eXp Realty | (888) 317-5197
Sold by Alex Tomev | John L. Scott, Inc

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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.

Full Property Details for 7023 16th Ave SW

General

  • Sold For: $1,172,500
  • Taxes: $9,390 (2025)
  • Status: Closed
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2395276
  • Added to Site: 333 day(s) ago

Interior

  • 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
  • Appliances: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Flooring: Hardwood, Vinyl Plank, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 8
  • 3/4 Bathrooms: 1
  • Upper - Full Baths: 5
  • Main Floor Baths: 4
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 9
  • Bedrooms Upper: 5
  • Bedrooms Main: 4

Additional Information

  • Amenities: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking
  • Security/Safety: Partially Fenced

Parking

  • Garage: Yes
  • Covered Spaces: 1
  • Parking Features: Detached Garage, RV Parking

Location

  • Area: 140 - West Seattle
  • County: King
  • Subdivision: Delridge
  • Driving Directions: Hwy 99 North to Highland Park Way SW, Right onto SW Holden St, Right onto 16th Ave SW to home on Left.

School Information

  • High School District: Seattle
  • Elementary School: Sanislo
  • Middle School: Madison Mid
  • High School: West Seattle High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace
  • Water Heater: Electric

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood Products
  • Basement Desc.: None
  • Foundation: Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 3,300
  • Finished Total: 3,300 Sq. Ft.
  • Year Built: 2013
  • Property Condition: Good

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.1232
  • Lot Size (Sq. Ft.): 5,368
  • Lot Size Source: Tax Realist
  • Topography: Level
  • Lot Features: Curbs, Secluded, Sidewalk
  • Trees/Vegetation: Fruit Trees, Garden Space

Financial Considerations

  • Tax Amount: $9,390
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, Rehab Loan, State Bond, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Property ID: 3438502762

Listed by Becca Pitts | eXp Realty | (888) 317-5197 and Jacob Weaver | eXp Realty | (888) 317-5197
Sold by Alex Tomev | John L. Scott, Inc

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 7023 16th Ave SW

School District:Seattle School District
NameGradesDistance
Sanislo Elementary School
1812 Southwest Myrtle Street, Seattle, WA 98106
K-50.2 mi
Denny Middle School
2601 SW Kenyon St, Seattle, WA 98126
6-80.9 mi
Chief Sealth High School
2600 SW Thistle, Seattle, WA 98126
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7023 16th Ave SW

Date
Details
Price
Change
Source
4/24/2026
Sold
$1,172,500
-6.2%
MLS
6/20/2025
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Becca Pitts | eXp Realty | (888) 317-5197 and Jacob Weaver | eXp Realty | (888) 317-5197
Sold by Alex Tomev | John L. Scott, Inc

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Recent Sales near 7023 16th Ave SW

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7023 16th Ave SW, Seattle, WA 98106 - Photo 1 Sold
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  • Multi-Family
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Listed by Albert D Clark | Real Residential and Ashley Santo Domingo | Real Residential
Sold by Jessica Whitenack | Coldwell Banker Danforth

7023 16th Avenue SW, Seattle, WA 98106 (MLS# 2395276) is a Single Family property that was sold at $1,172,500 on April 24, 2026. Want to learn more about 7023 16th Avenue SW? Do you have questions about finding other Single Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.