7226 33rd Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 2 bath
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7226 33rd Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: GOOD
3Beds
2Baths
2,460Sq Ft
6,644Lot Size
Property Price
LIST PRICE$739,000
EST. MARKET VALUE
$756,998
SUMMARY
This Spacious Multi-Functional Home represents a Prime Investment Opportunity, listed at $739,000—positioned well below the $756,999 Fair Market Value by 2%. This valuation gap offers $17,999 in Instant Equity. Featuring a Good Condition Rating with recent 2023 mechanical upgrades, the property includes a versatile lower level with MIL potential and a detached shop. This asset balances immediate move-in readiness with significant long-term upside, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income potential.
Estimated Market Value
$756,998
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 |
|---|---|---|---|---|---|---|
★ 7226 33rd Avenue S Subject | $739,000* List Price | 3 | 2 | 2,460 | $308 | - |
A 3501 S Webster St Sold | $690,000 | 4 | 2 | 1,820 | $379 | 0.2 mi |
B 3821 S Graham Street Sold | $650,000 | 3 | 2 | 2,120 | $307 | 0.6 mi |
C 3933 S Mead Street Sold | $770,000 | 5 | 2 | 2,150 | $358 | 0.9 mi |
D 4837 S Holly Street Sold | $925,000 | 4 | 3 | 2,690 | $344 | 0.9 mi |
E 7623 46th Avenue S Sold | $790,000 | 3 | 2 | 2,760 | $286 | 0.7 mi |
F 7226 33rd Avenue S Active | $774,950 List Price | 3 | 2 | 2,020 | $384 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1965, the property has undergone significant recent renovations that elevate it to 'Good' condition. Key system upgrades include a new gas furnace and water heater (2023), brand-new windows, and a newer roof. The interior is move-in ready with new stainless steel kitchen appliances and well-maintained flooring, effectively offsetting the chronological age of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Significant System Upgrades
The property boasts a newer roof, brand-new windows, and a new gas furnace and water heater installed in 2023, offering buyers long-term peace of mind and reduced immediate maintenance costs.
- Versatile Living & Income Potential
The spacious lower-level bonus room provides a prime opportunity for conversion into a Mother-In-Law (MIL) suite or rental unit, offering excellent flexibility for multi-generational living or passive income.
- Exceptional Storage & Hobby Space
Rare for the area, the home includes a 504 sqft enclosed carport, a basement storage room, and a substantial detached shed/shop, making it ideal for hobbyists or those with significant storage needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6644, other record lot size in square feet = 795.
- Dated Architectural Era
Built in 1965, the home may feature a more compartmentalized floor plan and aesthetic that requires cosmetic modernization to appeal to buyers seeking a contemporary open-concept design.
- Carport vs. Traditional Garage
The primary parking structure is an enclosed carport rather than a fully integrated traditional garage, which may be a minor drawback for buyers prioritizing maximum security or curb appeal.
About 7226 33rd Avenue S
Well-cared-for 3-bedroom, 2-bath home in South Seattle offering meaningful system upgrades and flexible living space. The home features new stainless steel kitchen appliances, a new gas furnace and water heater (2023), brand-new windows, and a newer roof for long-term peace of mind. The spacious lower level includes a large bonus room with potential for conversion to a MIL or studio-style unit (buyer to verify), creating excellent flexibility for multi-generational living or possible rental income. Exceptional storage throughout, including a 504 sq ft enclosed attached carport with additional storage areas, a basement exterior storage room, and a substantial detached shed/shop ideal for hobbies, workspace, or extra equipment. With a functional layout, strong mechanical updates, and abundant on-site storage, this home offers both practicality and upside potential. Conveniently located near transit, parks, and easy downtown access — move-in ready with room to grow, Welcome Home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 6,644 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,460 | 1,803.474 |
| Lot Size | 6,644 | 4,544.116 |
| Price | $739.0K | $978.6K |
| Price per sq ft | $300 | $570 |
| Built year | 1965 | 1949 |
| HOA | $0 | $68 |
| Days on market | 14 | 36 |
Pricing History
Listed for Sale
Aug 26, 2026
$739,000
Initial Listing