5402 S Cloverdale Street, Seattle, WA 98118, Seattle, 98118 - 6 bed, 4 bath
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Seattle, WA 98118
This Multi-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at $949,900—positioned above the $908,738 Fair Market Value. While the property requires modernization due to its Fair Condition Rating, the inclusion of a Detached 400+ sqft DADU and a 6,500 sqft corner lot provides significant Dual Living & Income Potential. Located two blocks from the waterfront, this property is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income or multi-generational living configurations to maximize long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5402 S Cloverdale Street Subject | $929,900* List Price | 6 | 4 | 2,600 | $343 | - |
A 8826 41st Street S Sold | $949,000 | 5 | 3 | 2,500 | $380 | 0.8 mi |
B 8722 Hamlet Ave S Pending | $995,000 List Price | 5 | 3 | 3,120 | $319 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, the property appears functional but significantly dated. Interior photos show finishes like red carpeting and mirrored ceiling panels consistent with a renovation from over 20-30 years ago. While the exterior siding and roof seem maintained, the interior aesthetics and likely aging systems require modernization and minor repairs to meet current market standards.
The property features a main residence plus a detached 400+ sqft DADU with its own kitchenette and laundry, offering excellent flexibility for rental income, multi-generational living, or a private home office.
Located just two blocks from the Seward Park waterfront and beaches, the home offers an enviable lifestyle with easy access to outdoor recreation, light rail, and downtown Seattle.
Situated on a 6,500 sqft corner lot, the property presents significant potential for condominium conversion, formal ADU certification, or further customization to maximize long-term value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2600, other record living area = 2170. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
Formal ADU/DADU approval and potential condominium conversion are not yet finalized, requiring the buyer to navigate city approvals and potential infrastructure upgrades.
The property is served by schools with mixed performance ratings, including a 2/10 rating for the local high school, which may be a concern for education-focused families.
Exceptional opportunity offering two distinct living areas on one spacious corner lot. The main residence features approximately 2,200 square feet, complemented by a detached 400+ sqft DADU, MIL-style unit, creating flexibility for extended living, guest space, home office use, or potential rental income. Situated on a 6,500 square foot lot, the property offers a low-maintenance outdoor setting with asphalt and turf finishes, a covered outdoor jacuzzi area, generous off-street parking, and a 2–3 car carport. The DADU includes a kitchenette, 3/4 bath with shower, sleeping area, and living/TV area and washer/dryer, making it a highly functional separate-use space. Enjoy outstanding proximity to downtown Seattle, light rail access, nearby shopping, parks, and the waterfront, with beaches located just two blocks away. The property also presents compelling future upside, including the potential to explore formal ADU/DADU use, separate living configurations, condominium-style conversion, or further customization to create a truly unique residence. Any formal ADU/DADU approval, separate-unit use, rezoning, condominium conversion, or additional development potential may require further approvals, upgrades, and verification. Buyer to verify all information to Buyer’s satisfaction.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
Jul 15, 2026
$929,900
$949,900
-2% Price Drop
Initial Listing
Jun 24, 2026
$949,900
Initial Listing