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.
Sold
Listed by: eXp Realty
Bought with: John L. Scott, Inc
$1,172,500
7023 16th Avenue SW, Seattle, WA 98106
10beds
3,300sqft
Single Family Residence
Built in 2013
5,366.59 Square Feet Lot
$1,165,300 Zestimate®
$355/sqft
$4,015 Estimated rent
Home value
$1,165,300
$1.08M - $1.26M
$4,015/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Rebecca Pitts,
eXp Realty,
Jacob Weaver,
eXp Realty
Bought with:
Alex Tomev, 21004050
John L. Scott, Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2395276
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 9
- 3/4 bathrooms: 1
- Main level bathrooms: 4
- Main level bedrooms: 4
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Water Heater: Electric, Water Heater Location: Utility Closet
Features
- Bath Off Primary
- Flooring: Hardwood, Vinyl Plank, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage, RV Parking
- Has garage: Yes
- Covered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Second Kitchen, Second Primary Bedroom, Bath Off Primary, Dbl Pane/Storm Window, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,366 sqft
- Features: Curbs, Secluded, Sidewalk, Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking
- Topography: Level
- Residential vegetation: Fruit Trees, Garden Space
Details
- Additional structures: ADU Beds: 1, ADU Baths: 1
- Parcel number: 3438502762
- Zoning: NR3
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,2 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 2013
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: Seattle Public Utilities
- Water: Public, Company: Seattle Public Utilities
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Delridge
HOA & financial
Other financial information
- Total actual rent: 9960
Other
Other facts
- Listing terms: Conventional,FHA,Rehab Loan,State Bond,VA Loan
- Cumulative days on market: 259 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Sold | $1,172,500-6.2%$355/sqft |
Source:  NWMLS as distributed by MLS GRID #2395276 Report a problem | ||
| 3/6/2026 | Pending sale | $1,250,000$379/sqft |
Source: eXp Realty #2395276 Report a problem | ||
| 6/20/2025 | Listed for sale | $1,250,000+6150%$379/sqft |
Source: NWMLS as distributed by MLS GRID #2395276 Report a problem | ||
| 11/7/1994 | Sold | $20,000$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,022 +6.7% | $938,000 -0.8% |
| 2024 | $9,390 +27.5% | $946,000 +29.1% |
| 2023 | $7,367 +6.2% | $733,000 -4.8% |
| 2022 | $6,940 -9.2% | $770,000 -2.8% |
| 2021 | $7,643 +5.2% | $792,000 +10.9% |
| 2020 | $7,265 +3.5% | $714,000 +2.3% |
| 2019 | $7,017 +17.1% | $698,000 +5.9% |
| 2018 | $5,992 +5.7% | $659,000 +21.8% |
| 2017 | $5,667 +53.8% | $541,000 +12.9% |
| 2016 | $3,683 | $479,000 +13.8% |
| 2015 | $3,683 | $421,000 +17.6% |
| 2014 | $3,683 | $358,000 +53.6% |
| 2013 | $3,683 | $233,000 +100.9% |
| 2012 | -- | $116,000 +1.8% |
| 2011 | -- | $114,000 -7.3% |
| 2010 | -- | $123,000 |
| 2009 | -- | $123,000 +39.8% |
| 2007 | -- | $88,000 +14.3% |
| 2006 | -- | $77,000 +16.7% |
| 2005 | -- | $66,000 +153.8% |
| 2001 | $322 +3.4% | $26,000 +8.3% |
| 2000 | $312 | $24,000 |
Find assessor info on the county website
Neighborhood: Riverview
Nearby schools
GreatSchools rating
- 6/10Sanislo Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Louisa Boren STEM K-8Grades: PK-8Distance: 0.7 mi
- 3/10Chief Sealth High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Sanislo
- Middle: Madison Mid
- High: West Seattle High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,165,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,165,300
- Washington
- King County
- Seattle
- 98106
- Riverview
- 7023 16th Avenue SW
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