5045 37th Avenue S, Seattle, WA 98118, Seattle, 98118 - 0 bed, 0 bath
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This Turnkey Duplex represents a Strong Value Opportunity, listed at $800,000—positioned slightly above the $796,473 Fair Market Value. While the price reflects current market stability, the property offers immediate cash flow with a Condition Rating of 3. Featuring updated units with individual washer & dryer and a pre-inspected status, this asset minimizes near-term capital expenditure. Its prime location near the Light Rail ensures high rental demand, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hacking opportunity in Columbia City.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5045 37th Avenue S Subject 0 bd · 0 ba · 1,900 sqft · $419 | $800,000* List Price | 0 | 0 | 1,900 | $419 | - |
A 5060 Renton Avenue S Active 0 bd · 0 ba · 2,080 sqft · $384 · 0.0 mi | $799,000 List Price | 0 | 0 | 2,080 | $384 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1920, the property is described as a turnkey duplex with updated units featuring modern finishes. The inclusion of individual laundry for each unit and a pre-inspected status suggests the property is well-maintained and move-in ready, fitting the 5-15 year renovation profile.
Situated just steps from the Light Rail and Columbia City's vibrant dining and shopping district, the property offers exceptional convenience and high rental demand.
The duplex features modern updates, individual laundry in each unit, and existing tenants, providing immediate cash flow with minimal near-term capital expenditure.
With a 3-bedroom and a 2-bedroom unit, the property is perfectly configured for either 'house hacking' or a pure investment play, further supported by a pre-inspection.
At 191 days on the market, the property may face buyer hesitation or perception issues regarding its current price point relative to market velocity.
The modest 2,159 sqft lot offers very little outdoor space for tenants and restricts future expansion or additional development opportunities on the site.
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. 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,900 | 5,554.5 |
| Lot Size | 2,159 | 10,915.5 |
| Price | $800.0K | $2.88M |
| Price per sq ft | $421 | $491 |
| Built year | 1920 | 1961 |
| HOA | $0 | $0 |
| Days on market | 220 | 124 |
Mar 18, 2026
$800,000
Initial Listing