16 Valley St

Seattle, WA 98109

$6,995,000
Price
29
Beds
24
Baths
15,627 Sq. Ft.
$448 / Sq. Ft.
15,627
Sq. Ft.
$448
per Sq. Ft.
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a kitchen with stainless steel appliances granite countertop a sink stove and microwave
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Listing provided courtesy of Lee & Associates Commercial RE
Source: Northwest MLS

Description

Trophy 23 unit apartment community on the coveted south slope of Queen Anne, offering iconic Downtown Seattle views. Located in a true “Walker’s Paradise” just steps from Climate Pledge Arena and Seattle Center, nearly half the units capture views of the Space Needle, Mount Rainier, and partial Elliott Bay. Built in 1928, Ella Robert blends timeless architecture with thoughtful modernization. Over $1.1M has been invested in capital improvements, including updated electrical and plumbing systems,...Trophy 23 unit apartment community on the coveted south slope of Queen Anne, offering iconic Downtown Seattle views. Located in a true “Walker’s Paradise” just steps from Climate Pledge Arena and Seattle Center, nearly half the units capture views of the Space Needle, Mount Rainier, and partial Elliott Bay. Built in 1928, Ella Robert blends timeless architecture with thoughtful modernization. Over $1.1M has been invested in capital improvements, including updated electrical and plumbing systems, a 2020/2021 roof replacement, and a well maintained elevator, minimizing near term capital needs. The property features 14 secure sprinklered garage parking stalls, 20 on site storage units plus additional owner storage, and a private terraced courtyard with patio, turf, and garden areas, an uncommon amenity in this urban core setting. 17 of 23 units have been fully renovated, with 18 offering in unit laundry. Six units have partial updates, with plumbing already stubbed to streamline future renovations. A rare penthouse unit offers flexibility as a luxury owner’s pied à terre with income potential, previously utilized as a short term rental. With below market rents and clear upside through continued upgrades, rent optimization, and expense efficiencies, Ella Robert presents a rare opportunity to steward a legacy asset in one of Seattle’s most sought after neighborhoods.
  1. Listed by Dea Sumantri • Lee & Associates Commercial RE
    P: (206)-267-1457 dsumantri@lee-associates.com
  2. Listed by Candice Chevaillier • Lee & Associates Commercial RE
    P: (206)-267-1457 candice@lee-associates.com

Property Details for 16 Valley Street

Community Name
Queen Anne
School District
Seattle
View
See Remarks
Total Covered Parking
14
Offers Review Date
04-14-2026
Entry Date
02-23-2026
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 03/18/2026 04:28 PM

Property Details for 16 Valley Street

StatusActive
MLS #2482942
Days on Market38
Cumulative Days on Market38
Taxes$55,346 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.25 AC / 11,067 SF
CountyKing County
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Location

Listing Courtesy of Lee & Associates Commercial RE
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Building Information for 16 Valley Street

Stories4Residences23Year Built1928Building Size-Lot Size0.25 AC / 11,067 SF

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$38,560 per month

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Principal and Interest

$33,948

Property Taxes

$4,612

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Property Information for 16 Valley Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Fenced-Fully, Sprinkler System
  • Area: 700 - Queen Anne/Magnolia
  • Effective Year Built Source: Public Records
  • Directions: google map works
  • Leased Items: Washer/Dryer
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 14.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood, Vinyl Plank
  • Amenities: Coin Op Laundry,Elevator,Fire Sprinklers,See Remarks,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Radiant
Exterior Features
  • Exterior: Brick
  • Roof: See Remarks
  • Security Features: Fully Fenced
Property
Utilities
  • Water/Sewer/Garbage: 50047
  • Power Company: SCL
  • Sewer Company: SPU
  • Water Company: SPU
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1990
  • Photos Count: 40
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 11067
  • Lot Size Source: county
  • Parcel Number Free Text: 3879900135
  • Building Condition: Very Good
  • Calculated Square Footage: 15627
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 15627.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 4
  • Vacancy Rate: 5
  • Number Of Units Total: 23
  • Units Below Grade: false
  • Units In Building Total: 23
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 239286
  • Gross Adjusted Income: 522667
  • Gross Rent Multiplier: 12.7
  • Gross Scheduled Income: $550,176
  • Insurance Expense: $49,934
  • Net Operating Income: $335,581
  • Other Expenses: $83,959
  • Total Monthly Income: 50198
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 20
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 744
  • Rent Unit 1: $2,235.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 21
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 778
  • Rent Unit 2: $2,354.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 22
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 782
  • Rent Unit 3: $2,100.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 23
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1370
  • Rent Unit 4: $2,932.00
  • Bedrooms Unit 4: 3
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 2
Unit 5
  • Name Unit 5: 24
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 687
  • Rent Unit 5: $1,921.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 30
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 734
  • Rent Unit 6: $1,850.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 31
  • Washer/Dryer Unit 7: true
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 766
  • Rent Unit 7: $2,695.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 32
  • Washer/Dryer Unit 8: true
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 864
  • Rent Unit 8: $2,354.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 33
  • Washer/Dryer Unit 9: true
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: true
  • Square Feet Unit 9: 561
  • Rent Unit 9: $2,063.00
  • Bedrooms Unit 9: 1
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 34
  • Washer/Dryer Unit 10: true
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: true
  • Square Feet Unit 10: 534
  • Rent Unit 10: $1,540.00
  • Bedrooms Unit 10: 1
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 35
  • Washer/Dryer Unit 11: true
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: true
  • Square Feet Unit 11: 539
  • Rent Unit 11: $1,640.00
  • Bedrooms Unit 11: 1
  • Fireplaces Unit 11: 0
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 36
  • Washer/Dryer Unit 12: true
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Dishwasher Unit 12: true
  • Square Feet Unit 12: 546
  • Rent Unit 12: $1,754.00
  • Bedrooms Unit 12: 1
  • Fireplaces Unit 12: 0
  • Bathrooms Unit 12: 1
Unit 13
  • Name Unit 13: 37
  • Washer/Dryer Unit 13: true
  • Range/Oven Unit 13: true
  • Refrigerator Unit 13: true
  • Dishwasher Unit 13: true
  • Square Feet Unit 13: 536
  • Rent Unit 13: $1,691.00
  • Bedrooms Unit 13: 1
  • Fireplaces Unit 13: 0
  • Bathrooms Unit 13: 1
Unit 14
  • Name Unit 14: 38
  • Washer/Dryer Unit 14: true
  • Range/Oven Unit 14: true
  • Refrigerator Unit 14: true
  • Dishwasher Unit 14: true
  • Square Feet Unit 14: 568
  • Rent Unit 14: $1,557.00
  • Bedrooms Unit 14: 1
  • Fireplaces Unit 14: 0
  • Bathrooms Unit 14: 1
Unit 15
  • Name Unit 15: 40
  • Washer/Dryer Unit 15: false
  • Range/Oven Unit 15: true
  • Refrigerator Unit 15: true
  • Dishwasher Unit 15: false
  • Square Feet Unit 15: 536
  • Rent Unit 15: $1,764.00
  • Bedrooms Unit 15: 0
  • Fireplaces Unit 15: 0
  • Bathrooms Unit 15: 1
Unit 16
  • Name Unit 16: 41
  • Washer/Dryer Unit 16: false
  • Range/Oven Unit 16: true
  • Refrigerator Unit 16: true
  • Dishwasher Unit 16: false
  • Square Feet Unit 16: 690
  • Rent Unit 16: $2,375.00
  • Bedrooms Unit 16: 1
  • Fireplaces Unit 16: 0
  • Bathrooms Unit 16: 1
Unit 17
  • Name Unit 17: 42
  • Washer/Dryer Unit 17: true
  • Range/Oven Unit 17: true
  • Refrigerator Unit 17: true
  • Dishwasher Unit 17: true
  • Square Feet Unit 17: 1127
  • Rent Unit 17: $3,300.00
  • Bedrooms Unit 17: 2
  • Fireplaces Unit 17: 0
  • Bathrooms Unit 17: 1
Unit 18
  • Name Unit 18: 43
  • Washer/Dryer Unit 18: false
  • Range/Oven Unit 18: true
  • Refrigerator Unit 18: true
  • Dishwasher Unit 18: false
  • Square Feet Unit 18: 555
  • Rent Unit 18: $1,614.00
  • Bedrooms Unit 18: 0
  • Fireplaces Unit 18: 0
  • Bathrooms Unit 18: 1
Unit 19
  • Name Unit 19: 44
  • Washer/Dryer Unit 19: false
  • Range/Oven Unit 19: true
  • Refrigerator Unit 19: true
  • Dishwasher Unit 19: false
  • Square Feet Unit 19: 540
  • Rent Unit 19: $1,795.00
  • Bedrooms Unit 19: 0
  • Fireplaces Unit 19: 0
  • Bathrooms Unit 19: 1
Unit 20
  • Name Unit 20: 45
  • Washer/Dryer Unit 20: false
  • Range/Oven Unit 20: true
  • Refrigerator Unit 20: true
  • Dishwasher Unit 20: false
  • Square Feet Unit 20: 540
  • Rent Unit 20: $1,514.00
  • Bedrooms Unit 20: 1
  • Fireplaces Unit 20: 0
  • Bathrooms Unit 20: 1
Unit 21
  • Name Unit 21: 46
  • Washer/Dryer Unit 21: true
  • Range/Oven Unit 21: true
  • Refrigerator Unit 21: true
  • Dishwasher Unit 21: true
  • Square Feet Unit 21: 540
  • Rent Unit 21: $1,697.00
  • Bedrooms Unit 21: 1
  • Fireplaces Unit 21: 0
  • Bathrooms Unit 21: 1
Unit 22
  • Name Unit 22: 47
  • Washer/Dryer Unit 22: true
  • Range/Oven Unit 22: true
  • Refrigerator Unit 22: true
  • Dishwasher Unit 22: true
  • Square Feet Unit 22: 540
  • Rent Unit 22: $1,661.00
  • Bedrooms Unit 22: 1
  • Fireplaces Unit 22: 0
  • Bathrooms Unit 22: 1
Unit 23
  • Name Unit 23: 48
  • Washer/Dryer Unit 23: true
  • Range/Oven Unit 23: true
  • Refrigerator Unit 23: true
  • Dishwasher Unit 23: true
  • Square Feet Unit 23: 575
  • Rent Unit 23: $1,687.00
  • Bedrooms Unit 23: 1
  • Fireplaces Unit 23: 0
  • Bathrooms Unit 23: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 11567.0

Property History for 16 Valley Street

DateEvent & SourcePriceAppreciation
Feb 23, 2026

Listed (Active)

NWMLS #2482942

$6,995,000—
DateEvent & SourcePrice
02/23/2026

Listed (Active)

NWMLS #2482942

$6,995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16 Valley Street

Taxable ValueLand$3,596,700Additions$2,200,300Total$5,797,000
Tax Record2024$55,346 ($4,612 / month)
Home Facts
Total Finished SqFt14,329 SqFtAbove Ground SqFt14,329 SqFtStories4Lot Size11,067 SqFtStyleMulti-Family Res (5+ Units)Year Built1928Year Renovated1990ZoningLR3 (M)CountyKINGAPN387990-0135

Schools near 16 Valley Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Hay Elementary School
Public - K to 5
McClure Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
The Center School
Public - 9 to 12
Rating
School
Distance
Hay Elementary School
PublicK to 5

McClure Middle School
Public6 to 8

Lincoln High School
Public9 to 12

The Center School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16 Valley Street, Seattle, WA 98109

16 Valley Street is a multi-family home for sale in Seattle, WA 98109. This property was listed for sale on February 23, 2026 by Lee & Associates Commercial RE, it's currently listed at $6,995,000. This listing's school district is Seattle Public Schools. Nearby schools include Hay Elementary School, McClure Middle School and Lincoln High School. 16 Valley Street is a 29-bed, 24-bath, 15,627 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates Commercial RE

Based on information submitted to the MLS GRID as of 03/18/2026 04:28 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.