Exceptional Ravenna/Roosevelt investment and equity-building opportunity! This versatile 5-bedroom, 2-bathroom residence sits on a generous, private lot in one of North Seattle's most high-demand rental and lifestyle pockets. Currently tenant-occupied, the property generates immediate, stable rental income from day one, making it an ideal turn-key addition to a portfolio or a perfect safety net for a future owner-occupant. The highly functional 2,320 sq. ft. floor plan offers incredible long-term flexibility. The main level features a bright living space with classic hardwood floors, three comfortable bedrooms, and a full bath. The lower level boasts a completely separate entrance, opening up to two additional bedrooms, a large recreation room, and a 3/4 bath. This dual-living configuration is perfect for multi-generational households, or an independent income suite. Move right in and collect steady rent while you plan, then bring your design ideas to remodel and customize the spaces to your exact personal preferences over time. Outside, the property features a covered 2-car carport and 2 large detached workshops/storage sheds. Unbeatable location for commuting and urban living-just minutes to Green Lake, Ravenna Park, local cafes, and the University of Washington, with effortless access to I-5 and the Roosevelt Light Rail station. Don't miss this rare blend of immediate cash flow and future upside potential.