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7023 16th Avenue Seattle, WA $ 1,500,000
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$ 1,500,000 Get more info
7023 16th Avenue
$ 1,500,000
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Share Save

7023 16th Avenue

Seattle, WA, 98106
$ 1,500,000
Baths0.0 Sq 3,300

Monthly Estimate*

$ 10,478

Listed by Kidder Mathews
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View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $1,500,000. This 3,300 square foot home was built in 2013 on a lot size of 0.1232.

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.

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,940

Style

5-9 Units

Lot Size

0.1232

Year Built

2013

Town/City

Seattle

County/Region

King

MLS | Web ID

2219545
Features
General
Interior Features Laminate Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood Products
HOA 0
Year Built 2013
View Mountain(s) Territorial
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 95561
Insurance Expense 4500
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Belvidere
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions 7023 16th Ave SW Seattle WA
City Seattle
Buyer Agent Compensation 2%
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 3
Total Units 9
MLS Area 140 - West Seattle
Lot Size Square Feet 5368
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 16th
Listing Terms Conventional
Tax Annual Amount 6940
Electric Expense 2100
Fuel Expense 3000
Public Remarks 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 bathro
Leasable Area 2231
Virtual Tour https://my.matterport.com/models/DyV2G8NQtUf?amp;section=media&cta_origin=all_spaces_page§ion=media
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company SPU
Units Below Grade false
Units In Building Total 9
Zoning Class Multi-Family
Water Sewer Garbage 3000
Property Style 55 - 5-9 Units
Cap Rate 6.4
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Interior
Flooring Laminate Carpet
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Secluded Sidewalk
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 3300
Lot Dimensions 5368
Lot Size Acres 0.1232
Lot Size Units Square Feet
Covered Spaces 1
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Spaces 3
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Internal Only
OriginalMLSID NWM2219545
Street Number 1 7023
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* Excluded Features
List By
Winslow Lee

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$11,056
Per Month
95%
5%
0%
Monthly Principal & Interest
$10,478
Monthly Property Taxes
$578
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/5/2024$1,500,000 Listed Price

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7023 16th Avenue, Seattle, WA, 98106 is a Multi-Family Home for sale at $1,500,000 with 3,300 sqft and a lot size of 0.1232. 7023 16th Avenue is a studio with 0.0 baths and was built in 2013. The property's zip code is 98106 which is in Seattle, WA

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