172 16th Avenue, Seattle, WA 98122

Property Description

Exceptional owner / investor opportunity on a quiet, residential corner in the Central District. This 3,300 SF lot has a well-maintained & charming triplex with a non-conforming 4th unit, plus a 1 bd/1bth detached additional dwelling unit (DADU) built in 2017. Although there are 5 income generating units, this property qualifies for residential financing, opening the door to more attractive lending options. The fourplex has one 2 bd/1 bth and three 1 bd/1 bth units, each with updated systems, kitchens, and baths. Each floor plan is unique with lots of light, in-unit washer / dryer, dedicated outdoor space, and some featuring views of the Seattle skyline. The 1bd/1 bth DADU features an open floor plan with a modern design and a loft area for additional living space. Long-term development potential with the corner lot and LR2 zoning. Excellent opportunity for an investor seeking stable cash flow in a high-demand location or an owner-occupant looking to offset their mortgage payment with rental income.

Listing Status:

Active

Data Last Updated:

May 1, 2026 at 7:19AM

Listing Office:

Windermere Real Estate Midtown : 206-682-1044

Listing Agent:

Lauren Hendricks : 206-682-1044

MLS ID:

2514777

Interior

• Flooring: Ceramic TileSoftwoodVinyl PlankCarpet
• A/C: None
• Heating: Forced AirWall Furnace
• Fireplace: Fireplaces: 0
• Eco/Green Feature: Thermal Windows

Exterior

• General: Cement PlankedWood
• Parking: Parking spaces: 0

Construction

• Roofing: CompositionTorch Down
• General: 54 - 4-PlexPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 3037200075
• View: CityTerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls