4563 33rd Avenue S, Seattle, WA 98118, Seattle, 98118 - 4 bed, 3 bath
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Seattle, WA 98118
Analysis of 4563 33rd Avenue S, Seattle, WA 98118 is currently available with a list price of $550,000. 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.
Built in 1907 and currently boarded up with no interior access, the structure is in a state of severe decay and is being marketed for its land value and approved building permits for a new project.
The property comes with a City of Seattle permit in hand, approved plans, survey, and geo report, saving the buyer months of administrative delays and significant soft costs.
Approved plans include an attached basement ADU with its own kitchen and living space, providing a valuable opportunity for rental income or multi-generational living.
Located in a highly sought-after Seattle neighborhood with a high walkability factor and proximity to top-rated schools like Mercer Middle School.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1996, other record living area = 1460. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The structure is currently boarded up with no interior access permitted until mutual acceptance, creating uncertainty regarding the state of the existing foundation or utilities.
With a list price of $550,000 for what is essentially a building site, the buyer will need substantial additional capital to fund the full construction of the proposed 1,996 sqft project.
CITY OF SEATTLE PERMIT - IN HAND! Seller has worked very hard to get this permit and is ready to hand the project off to someone who is ready to build in Seattle. (PERMIT #6923845-CN). Approved Plans, Survey Done, Geo Report done. Seller will pass along all to new Buyer. Don't start from scratch on a new project without checking out this one first! No interior access on this one as it's boarded up. Interior Access with Seller upon Mutual Acceptance. Approved Plans call for 2 Story 1340 sqft 3 Bedroom, 2.5 Bathroom Home and an Attached Basement ADU with 1 Bedroom, 1 Bathroom, Kitchen, Living and Den. Call us for any questions.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
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| Built year | 1907 | - | 0% |
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May 15, 2026
$550,000
Initial Listing