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Open Tue, Jun 2 +1
Open Sat, Jun 6$1,250,000
Est. $6,340/mo9 bd•3,300 sq ft
7023 16th Avenue Sw, Seattle, WA 98106
• Listed 2025-06-20•New today
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Based on information submitted to the MLS GRID as of June 1, 2026 at 11:14 AM PDT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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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.
Listed by Becca Pitts • eXp Realty
Listing updated: May 25, 2026 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2395276
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
See more →Open Tue, Jun 2 +1Open Sat, Jun 65 recent nearby sales, priced between $1.15M and $1.6M.
$1,172,500Last sold price
7023 16th Avenue Sw, Seattle, WA 98106
$1,400,000Last sold price
906 E Shelby Street, Seattle, WA 98102
$1,600,000Last sold price
4721 17th Avenue Ne, Seattle, WA 98105
$7,591 per month
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$1,550,000
5211 19th Avenue Ne, Seattle, WA 98105
Tony Park · Skyline Properties, Inc.
$1,020,000
1017 Ne 55th Street, Seattle, WA 98105
Charlie Du Du · MY REALTY GROUP LLC
$1,340,000
5243 19th Avenue Ne, Seattle, WA 98105
Denni Shefrin · Windermere Real Estate/East
Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 28 days.
$1,172,500 Sold
5 weeks ago
9 bd•8 ba•~3,300 sq ft•Single Family
7023 16th Avenue Sw, Seattle, WA 98106
6%
Under list
—
Days on market
0.1 mi
Distance
$1,172,500 Sold
5 weeks ago
•Single Family
7023 16th Avenue Sw, Seattle, WA 98106
6%
Under list
—
Days on market
0.1 mi
Distance
$795,000 Sold
4 months ago
5 bd•1 ba•~1,720 sq ft•Single Family
7004 16th Avenue Sw, Seattle, WA 98106
1%
Under list
—
Days on market
0.1 mi
Distance
$815,000 Sold
4 months ago
3 bd•1 ba•~1,970 sq ft•Single Family
8450 24th Avenue Sw, Seattle, WA 98106
2%
Over list
—
Days on market
1.0 mi
Distance
$599,000 Sold
4 months ago
3 bd•~970 sq ft•Single Family
1709 Sw Cloverdale Street, Seattle, WA 98106
0%
Over list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data via RentCast · Updated Jun 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.