4557 33rd Avenue S, Seattle, WA 98118, Seattle, 98118 - 5 bed, 3 bath
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Seattle, WA 98118
Analysis of 4557 33rd Avenue S, Seattle, WA 98118 is currently available with a list price of $495,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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.
Property is land value only, full reconstruction required.
The property is currently boarded up and unlivable, with interior images showing severe mold growth and significant debris. The listing description explicitly suggests starting over with a 'clean slate' to utilize the LR1 multifamily zoning, indicating the structure is beyond reasonable repair and the value is primarily in the land.
The LR1 zoning provides a rare opportunity for multifamily development, allowing for significant value-add potential through the construction of townhomes or apartments in a high-demand area.
Situated within easy walking distance of the Columbia City light rail station and local merchants, offering exceptional urban connectivity and convenience for future residents.
The property features a substantial 7,841 sqft lot with a shared easement for backyard vehicle access, providing a versatile footprint for expansion or new construction.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 3000. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3161, other record living area = 910. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The property is marketed as a 'diamond in the rough' or a 'clean slate,' implying the existing structure requires extensive restoration or a complete teardown, necessitating a large capital investment.
Several assigned public schools in the immediate vicinity carry lower performance ratings, which may be a drawback for families prioritizing local education metrics.
Restore this diamond in the ruff or start over with a clean slate. Favorable zoning of LR1 allows many multifamily possibilities. A shared easement with the neighbor allows backyard access for vehicles. Columbia City Merchants and light rail are in easy walking distance of the property.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
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| Lot Size | - | - | 0% |
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| Built year | 2001 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 25, 2026
$495,000
Initial Listing