6533 5th Avenue NW, Seattle, WA 98117, Seattle, 98117 - 1 bed, 1 bath
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6533 5th Avenue NW
Seattle, WA 98117
ACTIVE
CONDITION: POOR
1Beds
1Baths
750Sq Ft
3,750Lot Size
Property Price
LIST PRICE$558,400
EST. MARKET VALUE
$562,797
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $618,600—positioned well below the $584,057 Fair Market Value by -5%. While the home requires a total rehab due to its Condition Rating of 5, the location in the desirable Ballard neighborhood, served by Top-Rated Schools like Greenwood Elementary (10/10), provides a solid foundation for value-add projects. This asset is ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to capture long-term appreciation.
Estimated Market Value
$562,797
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6533 5th Avenue NW Subject 1 bd · 1 ba · 750 sqft · $750 | $558,400* List Price | 1 | 1 | 750 | $750 | - |
A 7361 17th Avenue NW Sold 2 bd · 1 ba · 830 sqft · $873 · 0.9 mi | $725,000 | 2 | 1 | 830 | $873 | 0.9 mi |
B 8311 3rd Avenue NW Sold 2 bd · 1 ba · 800 sqft · $725 · 0.9 mi | $580,000 | 2 | 1 | 800 | $725 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1911 with no significant recent renovations, this property requires a total rehab. The kitchen features highly outdated cabinetry, countertops, and plumbing fixtures. The listing description explicitly states that it will take 'hard work' and 'remodeling projects' to build sweat equity, indicating the home needs major updates to its systems and interior finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Greenwood Elementary School (10/10).
- Prime Ballard Location
Situated in the desirable Stumbletown pocket of Ballard, the property boasts excellent walkability to local pubs and restaurants, with convenient transit access to downtown Seattle via the D Line.
- High Investment Potential
This fixer-upper offers a significant opportunity to build sweat equity in a high-demand neighborhood, providing substantial upside for investors or buyers willing to undertake a comprehensive remodel.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The home requires significant 'hard work and creative vision,' indicating that it is not move-in ready and will necessitate a large additional capital investment for repairs and modernization.
- Limited Square Footage
At just 750 square feet with a single bedroom, the current living space is quite restrictive, which may limit the buyer pool and complicate financing for some traditional loan products.
About 6533 5th Avenue NW
Great opportunity to build sweat equity in the Stumbletown neighborhood of Ballard. It's gonna take some hard work and creative vision but the payoff should be worth the effort. Pubs and restaurants just around the corner when you need to take a break from remodeling projects. Just a short bike/drive to downtown Ballard or up to Phinney Ridge. Hop the D Line on 15th Ave NW for quick access downtown.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 3,750 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
West Woodland Elementary School
Grades K-5 • 0.5 mi
8/10
Whittier Elementary School
Grades K-5 • 0.7 mi
9/10
Greenwood Elementary School
Grades PK-5 • 0.7 mi
10/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 750 | 1,801.924 |
| Lot Size | 3,750 | 4,494.536 |
| Price | $558.4K | $974.4K |
| Price per sq ft | $745 | $569 |
| Built year | 1911 | 1948 |
| HOA | $0 | $78 |
| Days on market | 44 | 35 |
Pricing History
Listed for Sale
Oct 20, 2026
$558,400
$586,200
-5% Price Drop
Initial Listing
Price Change
Oct 6, 2026
$586,200
$618,600
-5% Price Drop
Initial Listing
Price Change
Sep 10, 2026
$618,600
Initial Listing