4234 S Graham Street, Seattle, WA 98118, Seattle, 98118 - 4 bed, 3 bath
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4234 S Graham Street
Seattle, WA 98118
ACTIVE
CONDITION: FAIR
4Beds
3Baths
1,890Sq Ft
4,200Lot Size
Property Price
LIST PRICE$529,000
EST. MARKET VALUE
$567,893
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $529,000—positioned well below the $567,893 Fair Market Value by 6%. This valuation gap offers $38,893 in Instant Equity for buyers. With a Condition Rating of 4, the home requires renovation, yet the Dual-Living Potential provided by the permitted 700-square-foot cottage and Development Versatility of the lot offer significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Estimated Market Value
$567,893+$38,893 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 4234 S Graham Street Subject 4 bd · 3 ba · 1,890 sqft · $300 | $529,000* List Price | 4 | 3 | 1,890 | $300 | - |
A 3821 S Graham Street Sold 3 bd · 2 ba · 2,120 sqft · $307 · 0.2 mi | $650,000 | 3 | 2 | 2,120 | $307 | 0.2 mi |
B 3915 S Brandon St Sold 4 bd · 2 ba · 1,680 sqft · $357 · 0.5 mi | $599,850 | 4 | 2 | 1,680 | $357 | 0.5 mi |
C 3926 S Warsaw Street Active 5 bd · 2 ba · 2,260 sqft · $272 · 0.2 mi | $615,000 List Price | 5 | 2 | 2,260 | $272 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1909, the property is dated but functional. The kitchen has received a mid-range renovation (likely 10-15 years ago) featuring stone countertops and stainless steel appliances, which keeps it out of the 'poor' category. However, the exterior shows visible deferred maintenance (peeling paint), the heating appears to be older electric baseboard, and the listing's emphasis on 'renovator' or 'developer' potential indicates that the primary systems and unfinished basement require significant investment to reach modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Living Potential
The property includes a fully permitted 700-square-foot cottage with separate alley access, offering immediate rental income potential or a private guest suite.
- Development Versatility
With a flexible lot configuration and alley access, the site offers significant upside for multi-unit development or the expansion of the existing DADU.
- Functional Space
The main residence features a sunroom, mudroom, and a large unfinished basement, providing substantial square footage for future customization and storage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1890, other record living area = 1190. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Age-Related Maintenance
Originally built in 1909, the property likely requires significant updates to its systems and structure to meet modern living standards and efficiency.
- School Performance
The local high school is rated significantly lower than average, which may impact long-term resale value for families focused on public education.
About 4234 S Graham Street
Amazing opportunity at 4234 S Graham St offering flexibility for an owner-user, investor, renovator, or developer. The existing main home features 3 bedrooms and 2 bathrooms, a welcoming front sunroom, spacious open living and dining areas, a rear mudroom, attached garage, additional off-street parking, and a large unfinished basement with substantial potential. A separate, fully permitted approximately 700-square-foot cottage offers 1 bedroom and 1 bathroom with convenient alley access and additional parking in the rear. Renovate and enhance the existing home, explore the potential to replace or expand the rear structure with a larger DADU, or evaluate the property as a future multi-unit development opportunity. The alley access, existing improvements, parking, and flexible lot configuration create a compelling range of possibilities. A rare opportunity to add value in multiple ways. Buyer to independently verify all development, zoning, permitting, DADU, and redevelopment possibilities to their satisfaction. Sold "As Is". Seller will not be doing any improvements.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 4,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Brighton Elementary School
Grades PK-5 • 0.3 mi
3/10
Graham Hill Elementary School
Grades PK-5 • 0.5 mi
6/10
Dearborn Park Elementary School
Grades K-5 • 0.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,890 | 1,801.924 |
| Lot Size | 4,200 | 4,494.536 |
| Price | $529.0K | $974.4K |
| Price per sq ft | $280 | $569 |
| Built year | 1909 | 1948 |
| HOA | $0 | $78 |
| Days on market | 9 | 35 |
Pricing History
Listed for Sale
Oct 15, 2026
$529,000
Initial Listing