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Central District 4-Plex + DADU
172 16th Ave Seattle WA 98122
Listing #: 712293 | Status: Available | Last Modified: 5/8/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 124,874 |
| Vacancy Factor % | 3.00% |
| Operating Expenses | 33,549 |
| Net Operating Income | 87,578 |
| CAP Rate | 5.71 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.708 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 2 |
| # of Units | 5 |
| Total Building SF | 2,940 SF |
| Net Rentable Area | 2,940 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 3,300 SF |
| Acres | 0.08 |
| Year Built | 1900 |
| Year Renovated | 2017 |
| Construction Type | Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Cross Street | East Spruce Street |
| Market Area | Capitol Hill/First Hill |
| Tax ID # | 3037200075 |
| Zoning | LR2 (M) |
Central District 4-plex + DADU
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
Central District 4-Plex + DADU
172 16th Ave Seattle WA 98122
Listing #: 712293 | Status: Available | Listing Date: 4/30/2026 | Last Modified: 5/8/2026 | Email Listing
For Sale
Central District 4-Plex + DADU
