7546 24th Avenue NW, Seattle, WA 98117, Seattle, 98117 - 0 bed, 0 bath
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7546 24th Avenue NW
Seattle, WA 98117
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,880Sq Ft
4,115Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,205,568
4% BelowMARKET VALUE
SUMMARY
This LR3-Zoned Duplex represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned well below the $1,205,568 Fair Market Value by 4%. This valuation gap offers $55,568 in Instant Equity. With a Condition Rating of 3, the property features recent interior renovations and stable rental utility. Located near top-rated schools like Loyal Heights Elementary, this asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants utilizing a house-hack strategy to offset mortgage costs.
Estimated Market Value
$1,205,568+$55,568 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 7546 24th Avenue NW Subject 0 bd · 0 ba · 1,880 sqft · $641 | $1,150,000* List Price | 0 | 0 | 1,880 | $641 | - |
A 1573 NW 90th Street Active 0 bd · 0 ba · 1,760 sqft · $710 · 0.8 mi | $1,250,000 List Price | 0 | 0 | 1,760 | $710 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1954 but shows clear evidence of recent interior renovations, specifically a fully modernized bathroom with updated vanity, flooring, and fixtures. The exterior brick structure and roof appear well-maintained, making the units functional and move-in ready for immediate rental utility.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The side-by-side duplex configuration offers excellent versatility for owner-occupants looking to house-hack or investors seeking steady rental income in a high-demand North Ballard location.
- Future Development Upside
Zoned LR3, the property provides significant long-term value through potential multifamily redevelopment, offering a strategic advantage for investors looking beyond current rental yields.
- Prime Location & Schools
Situated just blocks from Loyal Heights Park and top-rated schools (rating 8/10), the property is positioned in a highly walkable neighborhood that ensures low vacancy and strong tenant retention.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1954, the property may require near-term capital expenditures for aging mechanical systems or cosmetic updates to remain competitive with newer modern builds in the area.
- Limited Lot Footprint
The 4,115 square foot lot size may restrict the scale and density of future redevelopment projects compared to larger neighboring LR3 parcels.
About 7546 24th Avenue NW
**Make homeownership work harder in this classic brick duplex, just a few blocks from Loyal Heights Park.** Each side-by-side residence offers 2 bedrooms, 1 bath, its own garage, private backyard space, and a flexible lower level for a media room, workout area, home office, or additional sleeping space. Live in one home and rent the other to help offset your mortgage, or use the second residence for extended family, guests, or work-from-home space. With LR3 zoning, the property may also offer future multifamily redevelopment potential, subject to buyer verification. Enjoy nearby Loyal Heights favorites including Larsen’s Bakery, Beast & Cleaver, The Fish Store, and The Mailbox. A rare opportunity to own a home with room for rental income and flexibility for the years ahead.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1954
- Lot Size
- 4,115 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Loyal Heights Elementary School
Grades K-5 • 0.2 mi
8/10
North Beach Elementary School
Grades PK-5 • 0.7 mi
8/10
Whitman Middle School
Grades 6-8 • 0.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,880 | 5,554.5 |
| Lot Size | 4,115 | 10,915.5 |
| Price | $1.15M | $2.88M |
| Price per sq ft | $612 | $491 |
| Built year | 1954 | 1961 |
| HOA | $0 | $0 |
| Days on market | 43 | 124 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,150,000
$999,000
+15% Price Increase
Initial Listing
Price Change
Sep 11, 2026
$999,000
Initial Listing