5517 33rd Avenue S, Seattle, WA 98118, Seattle, 98118 - 2 bed, 1 bath
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5517 33rd Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: POOR
2Beds
1Baths
650Sq Ft
5,000Lot Size
Property Price
LIST PRICE$485,000
SUMMARY
Analysis of 5517 33rd Avenue S, Seattle, WA 98118 is currently available with a list price of $485,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Seattle Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1924 and marketed as an 'as-is' estate sale renovation project; the 100-year-old structure requires a full rehab of the kitchen, bath, and systems to be modernly functional.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
As an estate sale with a motivated seller, this property presents a prime opportunity for investors or flippers to secure a project with potential for significant equity growth and returns.
- Generous Lot and Parking
The 5,000 square foot lot features a fully fenced yard, a detached one-car garage, and additional off-street parking, offering rare exterior utility and space for the Seattle market.
- Solid Structural Foundation
The home is noted to be built on a solid foundation, providing a reliable and stable starting point for a comprehensive renovation or modernization project.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is sold in as-is condition with no warranties provided, necessitating a thorough inspection and likely requiring substantial capital for repairs and upgrades.
- Limited Living Space
At only 650 square feet, the current two-bedroom configuration is exceptionally compact, which may limit its appeal to modern buyers seeking more spacious interior layouts.
About 5517 33rd Avenue S
Estate Sale! Motivated seller. An attractive prospect for those seeking a renovation project with potential for significant returns. Property sold as-is with no warranty provided. Structure is built on a solid foundation and is ready to your vision. The main floor is designed to accommodate 2 bedrooms, 1 bathroom, a living room, kitchen with a dining area, and a utility room in the basement. Notable exterior include a fenced yard, detached 1 car garage and additional parking areas. Buyer to verify all information.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 650 | 1,803.474 |
| Lot Size | 5,000 | 4,544.116 |
| Price | $485.0K | $978.6K |
| Price per sq ft | $746 | $570 |
| Built year | 1924 | 1949 |
| HOA | $0 | $68 |
| Days on market | 26 | 36 |
Pricing History
Listed for Sale
Sep 3, 2026
$485,000
$525,000
-8% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$525,000
Initial Listing