5518 39th Avenue S, Seattle, WA 98118, Seattle, 98118 - 5 bed, 3 bath
Loading property details...
5518 39th Avenue S
Seattle, WA 98118
PENDING
CONDITION: EXCELLENT
5Beds
3Baths
2,510Sq Ft
6,120Lot Size
Property Price
LIST PRICE$759,950
EST. MARKET VALUE
$759,950
SUMMARY
This Multi-Family Hybrid Asset is a High-Potential Investment Opportunity, listed at $759,950, which aligns with the $759,950 Fair Market Value. Featuring a Mint Condition Rating following a comprehensive renovation, this 5-bedroom home offers dual-kitchen functionality and a separate basement entrance, perfect for house-hacking. The 6,120 sqft corner lot provides significant ADU/DADU development potential in a high-demand transit-oriented corridor. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Estimated Market Value
$759,950
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5518 39th Avenue S Subject 5 bd · 3 ba · 2,510 sqft · $303 | $759,950* List Price | 5 | 3 | 2,510 | $303 | - |
A 4837 S Holly Street Sold 4 bd · 3 ba · 2,690 sqft · $344 · 0.9 mi | $925,000 | 4 | 3 | 2,690 | $344 | 0.9 mi |
B 3933 S Mead Street Sold 5 bd · 2 ba · 2,150 sqft · $358 · 0.1 mi | $770,000 | 5 | 2 | 2,150 | $358 | 0.1 mi |
C 3821 S Graham Street Sold 3 bd · 2 ba · 2,120 sqft · $307 · 0.4 mi | $650,000 | 3 | 2 | 2,120 | $307 | 0.4 mi |
D 5525 Renton Avenue S Active 6 bd · 3 ba · 2,640 sqft · $350 · 0.1 mi | $925,000 List Price | 6 | 3 | 2,640 | $350 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1905 build date, the property has undergone a comprehensive modern renovation within the last 5 years. The interior features new LVP flooring, updated kitchens with white shaker cabinets and stainless steel appliances, recessed lighting, and modern fixtures. The exterior shows fresh paint and a newer deck, indicating the home is in mint, move-in-ready condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The property features two kitchens and a separate basement entrance, offering significant flexibility for house-hacking, multi-generational living, or dual rental income streams.
- Development Opportunity
Situated on a 6,120 sqft corner lot with ADU/DADU potential, the property provides a rare chance to add substantial value in a neighborhood where secondary units command high prices.
- Strategic Transit-Oriented Location
Excellent proximity to the light rail, public transit, and the vibrant commercial hubs of Columbia City and Hillman City ensures long-term desirability and easy commuting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2510, other record living area = 1790. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
- Significant Property Age
Built in 1905, the home likely requires substantial capital investment for structural updates, modernizing utility systems, and addressing deferred maintenance common in century-old structures.
- Extended Market Duration
With 206 days on the market, the property may carry a 'stale' listing perception, potentially indicating underlying condition issues or a misalignment between the asking price and current market value.
About 5518 39th Avenue S
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1905
- Lot Size
- 6,120 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Dearborn Park Elementary School
Grades K-5 • 0.6 mi
3/10
Brighton Elementary School
Grades PK-5 • 0.8 mi
3/10
Graham Hill Elementary School
Grades PK-5 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,510 | 1,801.924 |
| Lot Size | 6,120 | 4,494.536 |
| Price | $760.0K | $974.4K |
| Price per sq ft | $303 | $569 |
| Built year | 1905 | 1948 |
| HOA | $0 | $78 |
| Days on market | 214 | 35 |
Pricing History
Listed for Sale
Mar 24, 2026
$759,950
Initial Listing