5518 39th Avenue S, Seattle, WA 98118, Seattle, 98118 - 1 bed, 1 bath
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Seattle, WA 98118
This Renovated Multi-Generational Home serves as a versatile House-Hacking Asset in Seattle’s appreciating Columbia City. Listed at $729,950, the property is positioned relative to its $663,448 Fair Market Value, reflecting a premium for its turnkey status and income potential. Boasting a Condition Rating of 2, the interior features Two Updated Kitchens, a private deck, and a separate basement entry. The 6,120 sqft Corner Lot provides significant DADU Development Potential near Light Rail and Mercer Middle School. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a residence with high rental utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5518 39th Avenue S Subject | $839,950* List Price | 1 | 1 | 865 | $885 | - |
A 4853 S Findlay Street B Active | $715,000 List Price | 2 | 2 | 1,038 | $689 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that brings it up to modern quality standards. The interior features new luxury vinyl plank flooring, fresh white paint, and recessed lighting throughout. Both kitchens are updated with contemporary white shaker-style cabinetry, stone countertops, and stainless steel appliances. The exterior shows fresh paint and updated landscaping. Although built in 2005, the comprehensive updates to the finishes, fixtures, and living spaces make the home appear virtually new and move-in ready with no deferred maintenance.
With two kitchens, a separate basement entry, and 5+ bedrooms, this property is perfectly configured for house hacking, multi-generational living, or generating significant rental income.
The 6,120 sqft corner lot provides ample space and potential for an ADU or DADU, offering a high-value expansion path in a city where nearby DADUs are commanding premium prices.
Situated in the rapidly appreciating Columbia City area, the home offers exceptional access to the light rail, public transit, and a vibrant mix of local shops and cafes.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 6120. Living area discrepancy between mls listing and other public or private record. mls listing living area = 865, other record living area = 1790. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 865.
The property is served by several schools with low performance ratings, particularly at the high school level, which may deter families prioritizing top-tier educational districts.
RARE OPPORTUNITY!!! This 5+ bedroom, 3 - bathroom, 2 Kitchens home offers Big bonus room up-stair can be an office or a bedroom, 2 bedrooms/2 bathrooms in main level, 3 bedrooms/1 bathroom in basement with separate entry, 2510 sqft home on a 6,120 sqft lot; possibility for extra rental income. Fended Yard, dog run, driveway, RV or boat parking. Potential for ADU or DADU, (nearby DADUs selling $700K+). Corner lot with lots of off-street parking. Located in a rapidly appreciating area, & close to public transit, light rail, bus stops, shops, grocery stores, cafes, schools and restaurants of both Hillman City and Columbia City. Easy to commute to Downtown, The International District, Boeing Field, Sea-Tac airport, hospitals, and major freeways. Enjoy exploring outdoor activities, trails, parks, waterfront at Seward Park, Kubota Japanese Garden, with just a short distance. This property combines income potential with long-term growth prospects in Seattle's dynamic market.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades PK-5 • 0.8 mi
Grades PK-5 • 0.8 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 | 2005 | - | 0% |
| HOA | $258 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 31, 2026
$839,950
$729,950
+15% Price Increase
Initial Listing
Mar 25, 2026
$729,950
Initial Listing