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7023 16th Ave SW
Pending
Single Family
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$1,250,000

$379/sqft

7023 16th Ave SW, Seattle

Great $/sqft
9 bd·9 ba·3,300 sqft
Built 20135,367 sqft lotDelridge

7023 16th Ave SW, Seattle, WA

9 bd · 9 ba · 3,300 sqft Single Family listed at $1,250,000, built in 2013 in the Delridge neighborhood.

About this home

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.

Property details

Price
$1,250,000
Bedrooms
9
Bathrooms
9
Interior
3,300 sqft
Price / sqft
$379
Year built
2013
Lot size
5,367 sqft
Type
Single Family
Days on market
309
Est. property tax
$11,625/yr · $969/mo · 0.93% WA avg
Last sold
$1,172,500 · Apr 2026

Estimated monthly payment

Down payment20% ($250,000)
Interest rate6.75%
Principal & Interest$6,486
Property Tax$1,146
Insurance$150
Total$7,782/mo

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Price history

$1.53M$1.34M$1.14M$1.50M on Apr 24 (Initial list)$1.35M on Jun 24 (Price change)$1.48M on Jul 24 (Initial list)$1.33M on Nov 24 (Price change)$1.27M on Dec 24 (Price change)$1.25M on Jun 25 (Initial list)$1.25M on Jun 25 (Initial list)$1.17M on Apr 26 (Sold)
$1.50M · Apr 24$1.17M · Apr 26
  1. Apr 24, 2026$1,172,500Sold
  2. Jun 21, 2025$1,250,000Initial list price
  3. Jun 20, 2025$1,250,000Initial list price
  4. Dec 12, 2024$1,275,000Price change
  5. Nov 8, 2024$1,330,000Price change
  6. Jul 31, 2024$1,479,000Initial list price
  7. Jun 4, 2024$1,349,000Price change
  8. Apr 5, 2024$1,500,000Initial list price

Location

This home is located in Seattle, WA. Browse more Seattle listings on the Seattle market page or explore the full Seattle market report.

Location

Map of 7023 16th Ave SW, Seattle
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Home Intelligence

Neighborhood (zip 98106)

Median age is 36.1; 27% hold a bachelor's degree; 55% of homes are owner-occupied; median household income is $94,762.

Median income
$94,762
Median age
36.1
Owner-occupied
55.1%
Bachelor's degree
27.3%
Census median home value
$633,900

Source: US Census Bureau American Community Survey 5-year estimates.

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