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About the Listing 5939 - 87890,100534
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 Highlights
Interior Details
- Bedrooms: 9
- Bathrooms: 9 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Hardwood,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Seattle Public Utilities
Exterior Details
- Lot Description: Curbs,Secluded,Sidewalk,Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,RV Parking,Zoning: Residential
- Garage Capacity: 1 car
- Parking Spaces: 6
- Zoning: Residential
- Roof: Composition
- Others: Wood Products,Good
- Sewer: Seattle Public Utilities
- Parking Features: RV Parking
Financial Details
- Tax Amount: $9,390
- Taxes w/Assessments: N/A
- Tax/Property ID: 3438502762
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
7023 16th Ave SW Seattle, WA 98106
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