
Seattle, WA 98118
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $585,000—positioned above the $530,108 Fair Market Value. While the current structure is a compact 580 sqft, the 5,786 sf lot with alley access and detached garage provides significant development upside. Featuring a Condition Rating of 3 with a new roof and updated electrical, the property offers immediate stability. Its prime location near Orca (Columbia) K-8 and Aki Kurose Middle School makes it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4719 S Pearl Street Subject 1 bd · 1 ba · 580 sqft · $914 | $565,000 | 1 | 1 | 580 | $914 | - |
A 3639 S Lucile Street Sold 2 bd · 1 ba · 720 sqft · $790 · 0.7 mi | $569,000 | 2 | 1 | 720 | $790 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1948, the property is move-in ready with significant recent updates including a new roof, updated electrical panel, and double-pane windows. The kitchen features modern shaker-style cabinetry and stone countertops, and the overall condition is well-maintained.
The unusually generous 5,786 sqft lot with alley access and a detached garage offers significant opportunities for expansion, a DADU, or a complete reimagining of the property in a high-demand area.
Recent capital improvements, including a new roof, updated electrical panel, and double-pane windows, provide move-in-ready ease and reduce immediate maintenance costs for the buyer.
Situated in the heart of Lakewood, the property boasts excellent proximity to Seward Park, Columbia City, and local favorites like Chuck’s Hop Shop, offering a vibrant urban-residential lifestyle.
At only 580 square feet with a single bedroom and bathroom, the current structure's small footprint significantly limits the potential buyer pool to individuals or couples.
The sale price represents a very high cost per square foot, indicating that the investment value is heavily weighted toward the land rather than the functional utility of the existing dwelling.
Charming Lakewood cottage, lovingly maintained and thoughtfully updated, set on an unusually generous 5,786 sf lot. This sweet 1-bedroom, 1-bath home offers the perfect blend of move-in-ready ease and future possibility. Improvements include a new roof, updated electrical panel, new deck and double-pane windows. The private backyard is the real star: wonderfully expansive with a large deck ready for long dinners, morning coffee and summer lounging. A true gardener’s paradise, with plenty of room to cultivate, play or simply enjoy the quiet. Gated off-street parking, alley access and a detached one-car garage add flexibility; use the garage for a car, studio, workshop or creative space. Set on a peaceful street in the heart of Lakewood, with an enviable location just moments from Chuck’s Hop Shop, Cafe Vida, Seward Park and the Columbia City commercial district. Whether you’re looking for a charming retreat, envisioning an expansion, or considering a larger reimagining of the property, this is a special opportunity on a fantastic lot. Love it just as it is—or imagine what could be.
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades PK-5 • 0.8 mi
Grades PK-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 580 | 1,801.924 |
| Lot Size | 5,786 | 4,494.536 |
| Price | $565.0K | $974.4K |
| Price per sq ft | $974 | $569 |
| Built year | 1948 | 1948 |
| HOA | $0 | $78 |
| Days on market | 38 | 35 |
Sep 16, 2026
$585,000
Initial Listing