
Seattle, WA 98118
This split-level property represents a High-Potential Investment Opportunity, listed at $915,000—positioned slightly above the $887,019 Fair Market Value. While requiring a full rehab due to its Condition Rating of 5, the home offers significant versatility with a lower-level Mother-In-Law unit and a 6,000 sq. ft. lot with development potential. Its prime Columbia City location near the Light Rail ensures strong rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize value through strategic renovation and density expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4560 34th Avenue S Subject | $890,000* List Price | 7 | 2 | 1,960 | $436 | - |
A 4158 39th Avenue S Active | $849,000 List Price | 5 | 3 | 2,240 | $379 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 (49 years old) with no evidence of modern renovations. The interior shows dated bathrooms, popcorn ceilings, and aging systems, while the listing description explicitly advises bringing a 'tool belt' for a transformation. The property requires a full rehab to meet modern standards, and the rear addition shows signs of deferred maintenance.
The property features a lower-level Mother-In-Law unit with a private entrance, offering exceptional versatility for house hacking, short-term rentals, or multigenerational living arrangements.
Ideally situated in sought-after Columbia City, the home is within walking distance of the Light Rail and local amenities, providing a highly convenient 10-minute commute to Downtown Seattle.
The level 6,000 sq. ft. lot with alley access presents significant multi-unit development potential, offering a lucrative pathway for investors to mirror successful neighboring high-density projects.
The property is a fixer-upper that requires a 'tool belt' and substantial investment to modernize, which may deter buyers looking for a move-in-ready home.
With 7 rooms but only 2 bathrooms, the current configuration may feel underserviced for large households or high-occupancy rental strategies, potentially requiring plumbing expansions.
Step into this incredible opportunity-filled home in the heart of sought-after Columbia City! This split-level property is packed with potential and is ideal for multigenerational living, featuring a lower level converted into a Mother-In-Law unit with its own private entrance through the backyard—perfect for extended living, rental income, or guest accommodations. The home offers 7 rooms, 2 bathrooms, a covered balcony, ample storage, and sits on a level 6,000 sq. ft. lot with alley access. The lot also presents exciting multi-unit development potential, similar to neighboring properties, making it a fantastic opportunity for both homeowners and investors. For savvy homeowners and investors, the possibilities are limitless—rent the home by the room, house hack by living upstairs while renting out the converted MIL as an Airbnb, mid-term rental, or long-term rental, or lease both the upstairs and downstairs separately to create two streams of passive income. Located in an unbeatable and highly convenient Seattle location, this home is within walking distance to the bus stop, Light Rail, park, library, schools, hospitals, local restaurants, and shops, with easy freeway access and just a 10-minute drive to Downtown Seattle. Don’t miss your chance to own a property with endless possibilities bring your imagination and tool belt and transform this beauty into your next investment property or dream home in one of Seattle’s most desirable neighborhoods.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1975 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jun 6, 2026
$890,000
$915,000
-3% Price Drop
Initial Listing
Apr 22, 2026
$915,000
Initial Listing