5045 37th Avenue S, Seattle, WA 98118, Seattle, 98118 - 5 bed, 2 bath
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Seattle, WA 98118
This Turnkey Duplex Opportunity is a Prime Investment Opportunity, listed at $825,000—positioned below the $841,671 Fair Market Value by 2%. This valuation provides $16,671 in Instant Equity. Featuring a Good Condition Rating, the property offers two updated units with modern finishes and individual laundry, located steps from the Columbia City Light Rail. With proximity to Orca K-8 and vibrant local dining, it perfectly balances rental income with urban lifestyle. This is an ideal acquisition for Owner-Occupants seeking to house hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5045 37th Avenue S Subject | $825,000* List Price | 5 | 2 | 1,900 | $443 | - |
A 6356 47th Avenue S Pending | $899,000 List Price | 4 | 4 | 1,750 | $514 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1920, this duplex is move-in ready and features significant modern updates. Interior images show contemporary LVP flooring, recessed LED lighting, and fresh paint, while the exterior displays updated siding and vinyl windows. The property is well-maintained and described as turnkey, meeting the criteria for a 'good' condition score due to its functional systems and recent cosmetic and functional renovations.
Situated in the heart of Columbia City, the property is just steps from the Light Rail and local amenities, ensuring high tenant demand and excellent walkability for residents.
This well-maintained duplex features updated units with modern finishes and individual laundry in each, offering a move-in ready opportunity for house hacking or immediate rental income.
The property comes pre-inspected and is already tenant-occupied, providing immediate cash flow and transparency for investors regarding the building's current condition.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2159, living area = 1900.
With a lot size of only 2,159 square feet, the property offers minimal yard space, which may be a drawback for residents seeking private outdoor areas or gardening opportunities.
Originally built in 1920, the property may present long-term maintenance challenges or structural limitations inherent to aging infrastructure, despite recent cosmetic and functional updates.
Turnkey duplex opportunity in the heart of Columbia City that is great for house hacking by living in one of the units or renting out both for cashflow. This well-maintained property features two updated units: Unit A features a 3-bedroom, 1-bath floorplan and Unit B features a 2-bedroom, 1-bath floorplan. Both units are currently tenant-occupied, providing immediate rental income for the next owner but also with potential to live in one of the units while renting out the other. Each unit has been thoughtfully updated with modern finishes with its own individual washer & dryer, helping minimize near-term maintenance while offering comfortable living spaces. Generous interiors and functional floor plans make the property well-suited for long-term rental use. Conveniently located just steps away from the Light Rail, as well as local shops, dining, and parks in Columbia City. A compelling opportunity for investors seeking a well-kept, income-producing property in a central Seattle location. The duplex comes pre-inspected.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades PK-5 • 0.7 mi
Grades PK-5 • 1.1 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 | 1920 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 18, 2026
$825,000
Initial Listing