5235 S Graham Street, Seattle, WA 98118, Seattle, 98118 - 4 bed, 2 bath
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Seattle, WA 98118
This mid-century residence presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned well below the $1,306,695 Fair Market Value by 4%. This valuation gap offers $56,695 in Instant Equity. Featuring a Condition Rating of 5, the property requires a full interior rehab, yet offers massive upside through its 11,040 sq ft lot and Middle Housing zoning. With 180° panoramic views, this asset is ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in Seward Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5235 S Graham Street Subject | $1,250,000* List Price | 4 | 2 | 2,460 | $531 | - |
A 7541 Seward Park Avenue S Active | $1,575,000 List Price | 5 | 3 | 2,645 | $595 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, the residence shows significant age with a kitchen featuring 30-40 year old cabinetry and appliances. The basement is in a state of mid-renovation or neglect with unfinished concrete floors and exposed utility panels, indicating a need for a full interior rehab rather than minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11040, living area = 2460.
The property boasts a 180° horizon view of Lake Washington, Mt. Rainier, and the Cascades, significantly increasing its desirability and long-term market value.
Situated on a generous 11,040 sq ft lot, the property qualifies under Seattle's Middle Housing code for additional units or cottages, offering massive upside for investors or multi-generational living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
As a 1948 mid-century build, the home may require significant capital expenditure for modernizing systems or cosmetic updates to meet contemporary luxury standards.
While the middle school is highly rated, the designated high school has a low rating of 2/10, which could be a concern for families prioritizing public education.
Classic mid-century residence elevated on a crest above Seward Park with extensive views of Lake Washington, Mt. Rainier, the Cascades — just blocks from the water. Expanded views and abundant light permeate the home's interior and are enjoyed from the spacious deck with a 180° horizon. Offering 2,460 sq ft, 4 beds, 2 baths, 2 fireplaces, a finished basement, with rec room, and attached garage. Perfectly positioned near Columbia City, Hillman City, Seward Park, light rail, I-5, and I-90. The generous 11,040 sq ft lot offers the opportunity to expand and develop — Seattle's Middle Housing code now allows for cottages or additional units. Views, potential, and a location that can't be beat — all in one of Seattle's most beloved neighborhoods, Seward Park.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades PK-5 • 1.6 mi
Grades PK-5 • 2.2 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
$1,250,000
Initial Listing
Oct 3, 1988
$160,000
Public Record