
Seattle, WA 98118
This split-level property presents a High-Potential Investment Opportunity with a List Price of $890,000—positioned well above the $773,341 Fair Market Value by -15%. Featuring a Condition Rating of 5, this asset requires a full rehab to unlock its 7-bedroom, 2-bathroom layout and Mother-In-Law unit potential. The 6,000 sq. ft. lot with alley access offers significant multi-unit development potential. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on high-density transit-oriented demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4560 34th Avenue S Subject 7 bd · 2 ba · 1,960 sqft · $395 | $890,000* List Price | 7 | 2 | 1,960 | $395 | - |
A 4158 39th Avenue S Sold 5 bd · 3 ba · 2,240 sqft · $357 · 0.4 mi | $800,000 | 5 | 3 | 2,240 | $357 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 with no evidence of recent renovations. The kitchen and bathrooms feature original or highly dated finishes (>30 years old), and the listing explicitly calls for a 'tool belt' to transform the property. Visible systems like the Ruud furnace appear aged, and the overall condition indicates a need for a full rehab rather than minor repairs.
The split-level layout features a lower-level Mother-In-Law unit with a private entrance, providing an ideal setup for house hacking, short-term rentals, or multigenerational living.
The level 6,000 sq. ft. lot with alley access offers significant multi-unit development potential, allowing investors to capitalize on the high-density trends seen in the surrounding neighborhood.
Boasting an unbeatable location in Columbia City, the property is within walking distance of the Light Rail and major bus lines, ensuring a convenient 10-minute commute to Downtown Seattle.
The property is marketed as a fixer-upper needing a 'tool belt,' indicating that substantial capital and labor will be required to modernize the 1975 structure and address potential deferred maintenance.
With 177 days on the market, the property has significantly exceeded the average listing period for the area, which may suggest the current list price is not yet aligned with its condition.
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 |
|---|---|---|
| Beds | 7.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,960 | 1,801.924 |
| Lot Size | 6,000 | 4,494.536 |
| Price | $890.0K | $974.4K |
| Price per sq ft | $454 | $569 |
| Built year | 1975 | 1948 |
| HOA | $0 | $78 |
| Days on market | 185 | 35 |
Apr 22, 2026
$890,000
Initial Listing