172 16th Avenue Seattle, WA $ 1,600,000
172 16th Avenue
$ 1,600,000
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172 16th Avenue

Seattle, WA, 98122
$ 1,600,000
Baths0.0 Sq 2,940

Monthly Estimate*

$ 9,851

Listed by Windermere Real Estate Midtown
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Studio

Multi-Family Home for sale in Seattle, WA

for $1,600,000. This 2,940 square foot home was built in 1900 on a lot size of 0.0758.

Exceptional owner / investor opportunity on a quiet, residential corner in the Central District. This 3,300 SF lot has a well-maintained & charming triplex with a non-conforming 4th unit, plus a 1 bd/1bth detached additional dwelling unit (DADU) built in 2017. Although there are 5 income generating units, this property qualifies for residential financing, opening the door to more attractive lending options. The fourplex has one 2 bd/1 bth and three 1 bd/1 bth units, each with updated systems, kitchens, and baths. Each floor plan is unique with lots of light, in-unit washer / dryer, dedicated outdoor space, and some featuring views of the Seattle skyline. The 1bd/1 bth DADU features an open floor plan with a modern design and a loft area for additional living space. Long-term development potential with the corner lot and LR2 zoning. Excellent opportunity for an investor seeking stable cash flow in a high-demand location or an owner-occupant looking to offset their mortgage payment with rental income.

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Multi-Family Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,050

Style

4-Plex

Lot Size

0.0758

Year Built

1900

Town/City

Seattle

County/Region

King

MLS | Web ID

2514777

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air Wall Furnace
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition Torch Down
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1900
View City Territorial
Property Subtype Multi Family
Tax Year 2026
Building Name Hallers ADD N 33 FT
County King
Net Operating Income 91325
Insurance Expense 4096
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Central Area
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions On the corner of 16th Avenue and East Spruce Street
High School Garfield High
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family Residential
Number Of Units Total 5
MLS Area 390 - Central Seattle
Lot Size Units Square Feet
Lot Size Square Feet 3300
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional VA Loan
Elementary School Bailey Gatzert
Tax Annual Amount 11050
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Wash Mid
Property Condition Good
Public Remarks Exceptional owner / investor opportunity on a quiet residential corner in the Central District. This 3 300 SF lot has a well-maintained & charming triplex with a non-conforming 4th unit plus a 1 bd/1
Leasable Area 2940
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Water Company SPU
Units Below Grade true
Units In Building Total 5
Water Sewer Garbage 8682
Property Style 54 - 4-Plex
Cap Rate 5.71
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Exterior
Exterior Amenities Cement Planked Wood
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 2940
Lot Dimensions 33x100
Lot Size Acres 0.0758
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially Gas Available High Speed Internet Patio
Parking Uncovered Total 0
Lot Number Lot 1
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Interior
Flooring Ceramic Tile Softwood Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2514777
Street Number 1 172
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* Excluded Features
List By
Lauren Hendricks

Listing Agent

Windermere Real Estate Midtown

Broker

Affordability Calculator

$10,772
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
$921
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2182131 Elementary School
258354 Middle School
Garfield High High School
Pricing History
DatePricePrice ChangeDescription
4/29/2026$1,600,000 Listed Price

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172 16th Avenue, Seattle, WA, 98122 is a Multi-Family Home for sale at $1,600,000 with 2,940 sqft and a lot size of 0.0758. 172 16th Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 98122 which is in Seattle, WA