Log In/Sign Up
Your email has been sent.
172 16th Ave - Central District 4-Plex + DADU 5 Unit Apartment Building Offered at $2,175,200 CAD at a 5.71% Cap Rate Seattle, WA 98122
Investment Highlights
- Excellent owner / investor opportunity on a quiet residential street in the Central District
- The property consists of a well-maintained triplex with a non-conforming 4th unit plus a detached additional dwelling unit (DADU) built 2017
- The 4-plex has one 2 bd/1 bth & three 1 bd/1 bth units -- all with different floor plans and some with views of the Seattle skyline
- All units feature updated systems, kitchens, bathrooms, in-unit washer/dryer, and dedicated outdoor space
- Property has 5 income generating units but qualifies for Residential Financing allowing for as little as 5% down for an owner-occupant
- Perfect for an owner-occupant looking to off-set their mortgage payment or for an investor seeking stable cash flow in a high-demand rental location
Executive Summary
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.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Bay Window
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Breakfast Nook
- Deck
- Dining Room
- Double Pane Windows
- Lawn
- Loft Layout
- Mud Room
- Pantry
- Patio
- Porch
- Skylights
- Smoke Free
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Gas Range
- Recycling
- Renters Insurance Program
- Trash Pickup - Curbside
- Vintage Building
- Wi-Fi
- Bicycle Storage
- Public Transportation
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,535 CAD | 930 |
| 1+1 | 4 | $2,515 CAD | 400 - 600 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 303720-0075 | Total Assessment | $1,381,976 CAD (2024) |
| Land Assessment | $952,757 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $429,219 CAD (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
303720-0075
Land Assessment
$952,757 CAD (2024)
Improvements Assessment
$429,219 CAD (2024)
Total Assessment
$1,381,976 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
172 16th Ave - Central District 4-Plex + DADU
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.