7718 Beacon Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 2 bath
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Seattle, WA 98118
This 1951 Seattle Fixer-Upper serves as a Strategic Development Asset in Beacon Hill, featuring a List Price of $699,900 compared to a $603,135 Fair Market Value. While the price reflects a premium for its location, the value is anchored by the NR3 Zoning and 4,450 sqft Corner Lot configuration. The property’s Condition Score of 5 necessitates significant renovation, yet the separate lower-level entrance, existing deck, and ADU/DADU potential offer substantial upside. Located one block from transit, this is a high-potential acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7718 Beacon Avenue S Subject | $699,900* List Price | 3 | 2 | 1,640 | $368 | - |
A 8434 34th Avenue S Active | $575,000 List Price | 4 | 3 | 1,608 | $358 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is a 1951-built 'fixer' requiring significant renovation and rehabilitation. Listing details and images indicate outdated systems, such as a vintage furnace, and the description explicitly mentions the need for substantial capital investment to realize its value, making it a candidate for major repair or redevelopment.
The NR3 zoning and corner lot configuration provide significant upside for redevelopment, including the potential to add an ADU or DADU to the 4,450 sqft lot.
The lower level features a separate entrance and a flexible layout, making it perfectly suited for multi-generational living or generating immediate rental income.
Situated in the sought-after Beacon Hill neighborhood, the property is just one block from public transit with convenient access to major Seattle employment centers.
The existing 1951 structure is in need of significant renovation, requiring a substantial additional investment of time and capital to realize its full value.
The property is sold with the responsibility on the buyer to verify all development potential and zoning allowances, adding complexity to the acquisition process.
Investor and developer opportunity in Seattle’s sought-after NR3 zoning. This 4,450 sqft corner lot in Beacon Hill offers potential for redevelopment, ADU and DADU expansion and value-add renovation. The existing 3 bed 2 bath home is a fixer with a flexible layout, featuring 2 bedrooms and 1 bathroom on the main level, and 1 bedroom, 1 bathroom plus bonus space on the lower level. Lower level has separate entrance, making it well-suited for multi-gen living, rental income or possible separate unit. Zoning and corner lot configuration create multiple strategies for upside. Renovate the existing structure, build a DADU, add an ADU, or explore development potential. Buyer to verify eligibility for intended use. Property is located approximately one block from public transit and offers convenient access to major Seattle corridors, employment centers, and everyday amenities. Buyer to verify all development potential, zoning allowances, and intended use.
No exterior & parking available.
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 | 1951 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 3, 2026
$699,900
Initial Listing