$915,000
Est. $5,068/moPrice reduced $360,000 from the original $1,275,000 asking price
7 bd•1.75 ba•3,000 sq ft
5016 7th Ave Ne, Seattle, WA 98105
• Listed Apr 10, 2025•545 days active · 545 cumulative
Listing Broker: Windermere Real Estate/East; Kelby Schweitzer; 253-905-3904; kschweitzer@windermere.com
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Listing Broker: Windermere Real Estate/East; Kelby Schweitzer; 253-905-3904; kschweitzer@windermere.com
About this home
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.
Listed by Kelby Schweitzer • Windermere Real Estate/East
Listing updated: September 29, 2026 at 02:40pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2353618
Around this home
How much should you offer?
5016 7th Ave Ne, Seattle, WA 98105
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Interior features
- Dining Room
- Fireplace
- Walk-In Closet(s)
- Fireplace (wood burning)
- Daylight basement
Kitchen
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 7 bedrooms total
- 2 on the main level
- 2 upstairs
- 3 on the lower level
Bathrooms
- 1 full bathroom
- 1 three-quarter bathroom (shower, no tub)
- 1.75 bathrooms total (NWMLS count)
- 1 on the main level
Layout
- 2 Stories w/Bsmnt
- 3,000 sq ft finished
Flooring
- Ceramic Tile
- Hardwood
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Partial Slope
- Zoning jurisdiction
- City
Systems
- Energy source
- Natural Gas
- Power production
- Natural Gas
- Water heater location
- Lower level utility room
- Power company
- Seattle City Light
- Water company
- Seattle Public Utilities
- Sewer company
- Seattle Public Utilities
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 1
- Showers
- 2
- Fireplaces on main
- 1
New construction
- Construction methods
- Standard Frame
- Square footage source
- realist
- Lot size source
- realist
Manufactured home
- Land lease
- No
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerSeattle School District
- Green Lake Elementary SchoolPublic · Grades PK-5 · State rank 407 of 1,1386/10
- Hamilton International Middle SchoolPublic · Grades 6-8 · State rank 12 of 51410/10
- Lincoln High SchoolPublic · Grades 9-12 · State rank 3 of 39610/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Down payment assistance
7 programs may be available to provide you with up to $110,000 in down payment assistance, depending on your specific information.
Northwest MLS lists this home as eligible for down payment assistance programs
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$6,034 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Windermere Real Estate/East; Kelby Schweitzer; 253-905-3904; kschweitzer@windermere.com
Market pulse
Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 38 days.
Recent sales nearby
Within 1 mile · last 6 months$925,000 Sold
2 days ago
4 bd•2.25 ba•~2,110 sq ft•Single Family
4747 4th Avenue NE, Seattle, WA 98105
7%
Under list
61
Days on market
0.2 mi
Distance
$1,150,000 Sold
1 week ago
3 bd•1.75 ba•~1,600 sq ft•Single Family
318 NE 59th Street, Seattle, WA 98105
0%
Over list
—
Days on market
0.5 mi
Distance
$1,560,000 Sold
1 week ago
4 bd•2.25 ba•~2,490 sq ft•Single Family
5815 17th Avenue NE, Seattle, WA 98105
8%
Over list
19
Days on market
0.7 mi
Distance
$982,000 Sold
2 weeks ago
8 bd•5.25 ba•~2,012 sq ft•Single Family
5612 B Roosevelt Way NE, Seattle, WA 98105
2%
Under list
10
Days on market
0.3 mi
Distance
$810,000 Sold
2 weeks ago
7 bd•2 ba•~2,840 sq ft•Single Family
341 NE 51st Street, Seattle, WA 98105
5%
Under list
211
Days on market
0.2 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 29, 2026 at 02:40pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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