7023 16th Avenue Southwest
7023 16th Avenue Southwest
Seattle, WA 98106
$1,500,000
Price
9
Beds
9
Baths
3,300 Sq. Ft.
$455 / Sq. Ft.
3,300
Sq. Ft.
$455
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
9 Bedroom Rooming house within walking distance of South Seattle College. This remodeled 9 unit rooming house has 8 individual rooms with a 1bedroom 1 bath. All units have their own individual bathroom and share a common kitchen & laundry. Walking distance to South Seattle College makes this an ideal location. Each unit has enough space to comfortably fit a bed, fridge, tv, desk, and more. Market cap rate is a 6.4%. Building is completely vacant allowing an investor to pick their own tenants. Location...9 Bedroom Rooming house within walking distance of South Seattle College. This remodeled 9 unit rooming house has 8 individual rooms with a 1bedroom 1 bath. All units have their own individual bathroom and share a common kitchen & laundry. Walking distance to South Seattle College makes this an ideal location. Each unit has enough space to comfortably fit a bed, fridge, tv, desk, and more. Market cap rate is a 6.4%. Building is completely vacant allowing an investor to pick their own tenants. Location is only 13 minutes from downtown, minutes from the Junction and only 10 minutes away from Alki beach. This is great investment in a growing neighborhood! Matterport link available for tours.
- Listed by Winslow Lee • Kidder Mathews
Property Details for 7023 16th Avenue Southwest
Community Name
Belvidere
School DistrictSeattle
ViewMountain(s), Territorial
Number of Assigned Spaces4
Total Covered Parking1
Entry Date04-05-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 04/05/2024 12:38 PM
Property Details for 7023 16th Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 2219545 |
| Days on Market | 27 |
| Cumulative Days on Market | 27 |
| Taxes | $6,940 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2013 |
| Lot Size | 0.12 AC / 5,368 SF |
| County | King County |
Location
Listing Courtesy of Kidder Mathews![]()
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Building Information for 7023 16th Avenue Southwest
Stories2Residences9Year Built2013Building Size-Lot Size0.12 AC / 5,368 SF
Payment Calculator
$8,764 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,186
Property Taxes
$578
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 7023 16th Avenue Southwest
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Fenced-Partially
- Area: 140 - West Seattle
- Effective Year Built Source: Public Records
- Directions: 7023 16th Ave SW Seattle, WA
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 3438502762
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://my.matterport.com/models/DyV2G8NQtUf?amp;section=media&cta_origin=all_spaces_page§ion=media
- Virtual Tour URL Description: Matterport
- Virtual Tour URL Unbranded2: https://simonandersonteam.com/listings/7023-16th-ave-sw/
- Virtual Tour URL Description2: Team Website
Interior and Exterior Features
Interior Features
- Floor Covering: Laminate, Carpet
- Features: Laminate Hardwood, Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3000
- Power Company: PSE
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: KCPV
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2013
- Photos Count: 29
Lot Information
- Lot Details: Secluded, Sidewalk
- Lot Size Dimensions: 5368
- Lot Size Source: KCPV
- Parcel Number Free Text: 3438502762
- Calculated Square Footage: 3300
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3300.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 4
- Number Of Units Total: 9
- Units Below Grade: false
- Units In Building Total: 9
Financing / Income and Expenses
- Electric Expense: $2,100
- Total Expenses: 37898
- Gross Adjusted Income: 133458
- Gross Rent Multiplier: 15
- Gross Scheduled Income: $123,600
- Insurance Expense: $4,500
- Net Operating Income: $95,561
- Other Expenses: $18,358
- Total Monthly Income: 109675
- Fuel Expense: $3,000
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: false
- Refrigerator Unit 1: false
- Dishwasher Unit 1: false
- Square Feet Unit 1: 226
- Rent Unit 1: $1,100.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: false
- Refrigerator Unit 2: false
- Dishwasher Unit 2: false
- Square Feet Unit 2: 226
- Rent Unit 2: $1,100.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: false
- Refrigerator Unit 3: false
- Dishwasher Unit 3: false
- Square Feet Unit 3: 226
- Rent Unit 3: $1,100.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: false
- Refrigerator Unit 4: false
- Dishwasher Unit 4: false
- Square Feet Unit 4: 226
- Rent Unit 4: $1,100.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: false
- Refrigerator Unit 5: false
- Dishwasher Unit 5: false
- Square Feet Unit 5: 226
- Rent Unit 5: $1,100.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: false
- Refrigerator Unit 6: false
- Dishwasher Unit 6: false
- Square Feet Unit 6: 210
- Rent Unit 6: $1,100.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: false
- Refrigerator Unit 7: false
- Dishwasher Unit 7: false
- Square Feet Unit 7: 201
- Rent Unit 7: $1,100.00
- Bedrooms Unit 7: 1
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: false
- Refrigerator Unit 8: true
- Dishwasher Unit 8: false
- Square Feet Unit 8: 340
- Rent Unit 8: $1,100.00
- Bedrooms Unit 8: 1
- Fireplaces Unit 8: 0
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Washer/Dryer Unit 9: false
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: true
- Square Feet Unit 9: 350
- Rent Unit 9: $1,500.00
- Bedrooms Unit 9: 1
- Fireplaces Unit 9: 0
- Bathrooms Unit 9: 1
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 2231.0
- Leasable Area Units: Square Feet
Property History for 7023 16th Avenue Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7023 16th Avenue Southwest
Taxable ValueLand$242,000Additions$528,000Total$770,000
Tax Record2022$6,940 ($578 / month)
Home Facts
Beds7Baths7Total Finished SqFt3,300 SqFtAbove Ground SqFt3,300 SqFtStories2Lot Size5,368 SqFtStyleSingle Family ResidenceYear Built2013ZoningNR3CountyKINGAPN343850-2762
Schools near 7023 16th Avenue Southwest
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Sanislo Elementary School PublicK to 5 | ||
Denny Middle School Public6 to 8 | ||
Chief Sealth High School Public9 to 12 | ||
Louisa Boren STEM K-8 PublicPK to 8 |
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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Listing Courtesy of Kidder Mathews
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.