7023 16th Avenue SW, Seattle, WA 98106 (MLS # 2395276)
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Listing provided courtesy of Northwest MLS; eXp Realty
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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.
| LAST UPDATED | 3/18/2026 | TRACT | Delridge |
|---|---|---|---|
| YEAR BUILT | 2013 | COMMUNITY | Delridge |
| COUNTY | King | STATUS | Pending |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Sanislo |
|---|---|
| Jr. High School | Madison Mid |
| High School | West Seattle High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator, Water Heater |
| AREA | 140 - West Seattle |
| BASEMENT | None |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Garden |
| GARAGE | Yes |
| HEAT | Electric, Wall Furnace |
| INTERIOR | Bath Off Primary, Dbl Pane/Storm Window, Second Kitchen, Second Primary Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar |
| LOT | 5367 sq ft |
| LOT DESCRIPTION | Curbs, Secluded, Sidewalk |
| MLS STATUS | Pending |
| PARKING | Detached, RV Access/Parking |
| STORIES | 2 |
| STYLE | 12 - 2 Story |
| SUBDIVISION | Delridge |
| TAXES | 9390 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/2/26 1:52 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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