7023 16th Avenue SW, Seattle, WA 98106

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.

Listing Status:

Active

Data Last Updated:

February 14, 2026 at 4:20AM

Listing Office:

eXp Realty : 888-317-5197

Listing Agent:

Becca Pitts : 888-317-5197

MLS ID:

2396536

Interior

• Flooring: HardwoodVinyl PlankCarpet
• A/C: None
• Heating: Wall Unit(s)
• Fireplace: Fireplaces: 0

Exterior

• General: Wood Products
• Parking: RV ParkingParking spaces: 6

Construction

• Roofing: Composition
• General: 52 - DuplexPoured Concrete

Location

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

Lot

• Zoning: 3438502762
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls