
Seattle, WA 98118
This Columbia City bungalow represents a High-Potential Investment Opportunity, listed at $537,500—positioned well below the $538,403 Fair Market Value by 0.17%. With a Mint Condition Rating and current $3,000 monthly rental income, this asset provides immediate cash flow. The property includes pre-approved DADU plans, offering significant upside for density expansion. Featuring a three-season sunroom and off-street parking, it is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property in a high-demand Seattle neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5429 Renton Avenue S Subject 2 bd · 1 ba · 535 sqft · $1,006 | $537,500* List Price | 2 | 1 | 535 | $1,006 | - |
A 4731 36th Avenue S Pending 2 bd · 1 ba · 600 sqft · $1,000 · 0.5 mi | $599,750 List Price | 2 | 1 | 600 | $1,000 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1918, the property has undergone a high-quality recent renovation. The interior features modern hardwood flooring, fresh paint, and updated fixtures. The addition of a new three-season sunroom, fresh landscaping, and stainless steel appliances suggests a comprehensive update within the last 5 years, placing it in mint, move-in ready condition.
The inclusion of DADU plans, survey, and geotechnical work provides a significant head start for investors looking to maximize the lot's density and future value in a high-demand area.
Currently generating $3,000 per month in rent, the property offers an immediate and attractive cash flow with a high rent-to-price ratio for the Seattle market.
The private lot features a three-season sunroom, fresh landscaping, and rare off-street parking for two vehicles plus additional space for an RV or boat.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 535, other record living area = 480. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At only 535 square feet for a two-bedroom home, the interior living space is exceptionally compact, which may limit appeal for traditional owner-occupants.
The property is served by schools with mixed performance scores, including a high school rated 2/10, which could be a deterrent for families and impact long-term appreciation.
Priced to sell. This charming, updated Columbia City bungalow offers a rare combination of immediate rental income, privacy, and future potential. Set on a private lot with fresh landscaping, new plantings, and two off-street parking spaces, the home has an efficient, thoughtfully designed layout with additional basement space for storage, hobbies, or future improvements. The outdoor space is a standout, with a spacious rear yard offering room to garden, entertain, play, or simply enjoy a little extra breathing room in the city. A three-season sunroom with removable panels creates an inviting extension of the living space and a comfortable spot to relax throughout much of the year. The property also offers flexibility for RV or boat parking and additional future use. For buyers thinking longer term, DADU plans, survey, and geotechnical work are included and ready to submit to the City for review, providing a valuable head start toward potential expansion or additional housing. Currently tenant-occupied and generating $3,000 per month, this is an appealing opportunity for an investor seeking income today with the flexibility to enhance, expand, or reimagine the property over time.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades PK-5 • 0.9 mi
Grades PK-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 535 | 1,801.924 |
| Lot Size | 2,725 | 4,494.536 |
| Price | $537.5K | $974.4K |
| Price per sq ft | $1.0K | $569 |
| Built year | 1918 | 1948 |
| HOA | $0 | $78 |
| Days on market | 18 | 35 |
Oct 6, 2026
$537,500
Initial Listing