172 16th Ave
Seattle WA 98122

Central District 4-Plex + DADU

172 16th Ave Seattle WA 98122

Listing #: 712293 | Status: Available | Last Modified: 5/8/2026 |

For Sale
Lauren Hendricks
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,600,000.0
  • $/SF$ 544.2
  • $/Unit$ 1,600,000.0
  • Listing StatusAvailable
  • Days on Market12
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income124,874
  • Vacancy Factor %3.00%
  • Operating Expenses33,549
  • Net Operating Income87,578
  • CAP Rate 5.71 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 5.71 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors2
  • # of Units5
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF2940
  • Net Rentable Area2940
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF3300
  • Acres0.08
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross StreetEast Spruce Street
  • Market AreaCapitol Hill/First Hill
  • Tax ID #3037200075
  • Additional Parcels
  • ZoningLR2 (M)
Construction
  • Year Built1900
  • Year Renovated2017
  • Completion Date
  • Roof Type
  • Construction TypeWood

Central District 4-plex + DADU

Public Comments

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 po

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