About 5016 7th Ave Ne
Investment-ready property with over 20 years of successful rental history. This classic craftsman is ideally located close to the University of Washington, making it a perennial favorite for long-term tenants. The fully furnished property features spacious, well-maintained rooms, large shared living areas, two hot water heaters and two refrigerators. Separate entrance and downstairs kitchenette provide a compelling opportunity for multi-unit income potential. Additional amenities include free laundry, off-street alley parking for 3 cars, a detached garage, & secure bike storage. Outdoor features include a back deck & a private, fenced yard with street & alley access. Close to Trader Joe’s, UW, & I-5. With its prime location, consistent income performance, and strong occupancy history, this property represents a dependable addition to any investment portfolio. A lease is already secured for the upcoming school year.
Features of 5016 7th Ave Ne
| MLS® # | 2353618 |
|---|---|
| Price | $925,000 |
| Bedrooms | 7 |
| Bathrooms | 1.75 |
| Full Baths | 1 |
| Square Footage | 3,000 |
| Acres | 0.10 |
| Year Built | 1927 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 5016 7th Ave Ne |
|---|---|
| Area | 710 - North Seattle |
| Subdivision | University District |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98105 |
Amenities
| Parking | Detached Garage, Off Street |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Dining Room, Fireplace, Walk-In Closet(s) |
|---|---|
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer |
| Heating | Forced Air |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Wood Burning |
Exterior
| Exterior Features | Cement Planked |
|---|---|
| Lot Description | Alley, Sidewalk |
| Foundation | Block |
School Information
| District | Seattle |
|---|---|
| Elementary | Green Lake |
| Middle | Hamilton Mid |
| High | Lincoln High |
Additional Information
| Date Listed | April 10th, 2025 |
|---|---|
| Days on Market | 504 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Real Estate/East |
|---|