4903 50th Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 2 bath
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Seattle, WA 98118
This Versatile Residential Property is a High-Potential Investment Opportunity, listed at $1,089,995—positioned slightly above the $1,071,656 Fair Market Value. While priced at market, the property offers significant upside through its remodeled ADU and 7,200 sqft corner lot with DADU potential. Featuring a Condition Rating of 3, the home includes high-value infrastructure like solar panels and updated systems. Its proximity to Columbia City light rail and Lake Washington makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-generating flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4903 50th Avenue S Subject | $1,089,995* List Price | 3 | 2 | 1,800 | $595 | - |
A 4625 48th Avenue S Pending | $950,000 List Price | 3 | 2 | 1,820 | $522 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1948 build date, the property is well-maintained and move-in ready with significant system upgrades including new plumbing, electrical, on-demand hot water, and a metal roof with solar panels. The interior features a blend of functional, dated cabinetry in the kitchen with a fully remodeled, modern ADU bathroom and updated windows throughout.
The property features a beautifully remodeled ADU, providing immediate opportunities for rental income, multi-generational living, or a seamless conversion back into a larger single-family residence.
Extensive modern improvements including a metal roof with solar panels, updated plumbing and electrical systems, and on-demand hot water offer significant long-term cost savings and peace of mind.
The oversized 7,200 sqft corner lot not only provides a private garden retreat but also offers exceptional potential for the addition of a Detached Accessory Dwelling Unit (DADU) to further increase property value.
With only 1,800 square feet of living space across three bedrooms, the home may feel undersized for buyers seeking a more expansive floor plan at this price point.
While the property is near some well-rated institutions, several assigned local schools carry lower ratings, which may be a concern for families prioritizing top-tier public education.
Nestled above Lake Washington, this beloved Lakewood home offers a rare blend of charm, flexibility, and income potential. The view-oriented main residence is complemented by a beautifully remodeled ADU below—ideal for rental income, guests, or easily reimagined as a spacious single-family home. Thoughtful upgrades include wood-framed windows, a metal roof with solar panels, new plumbing and electrical, and on-demand hot water. Set on an XL corner lot with exceptional potential for a future DADU, the property features a private patio, mature landscaping, and a lush upper garden—your own peaceful retreat. Complete with a detached garage and off-street parking. Enjoy close proximity to Lakewood Park, Aslan Brewing, Both Ways Café, and the scenic trails of Lake Washington Boulevard, plus just one block to Caffe Vita and Third Place Books, and a short stroll to Columbia City’s light rail and vibrant neighborhood hub.
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades PK-5 • 0.9 mi
Grades K-5 • 1.4 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 | 1948 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jun 2, 2026
$1,089,995
Initial Listing