For sale Home

Listed Apr 10, 2025

$915,000 Est. $6,052/mo

5016 7th Avenue Northeast

  • 7

    Beds

  • 2

    Baths

  • 3,000

    Sq ft

The story

  • Basement

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.

Facts & features

Home type

Home

Year built

1927

Price per sq ft

$305

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Heating

    Forced Air

  • Appliances

    Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

  • Flooring

    Ceramic Tile, Hardwood, Carpet

  • Roof

    Composition

  • Lot Information

    Alley, Sidewalk

  • Exterior

    Cement Planked

  • Water Source

    Public

  • Sewer

    Available

Mortgage calculator

Estimated monthly payment

$6,052 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $4,870
  • Property tax $915
  • Insurance $267

Includes principal, interest, taxes & insurance.

Tell us where you are in your search

Interested in this, or something like it?

Yes, this is it

Share your contact information and a local real estate professional will contact you by phone, text, or email to help with your search.

Step 1 of 4 · Contact

Not quite. Help me find the right one

Talk it through, or type it out. e.g. "7-bedroom home near Seattle under $1,010,000."

By submitting, you agree to our Privacy Policy and Terms.

Listing Broker

Windermere Real Estate/East

Broker Name

Windermere Real Estate/East

Agent

Kelby Schweitzer