7921 Renton Avenue S, Seattle, WA 98118, Seattle, 98118 - 4 bed, 2 bath
Loading property details...
Seattle, WA 98118
This Subdivided Development Asset is listed at $1,800,000, positioned above the $1,634,697 Fair Market Value to account for its Exceptional Development Potential. Currently maintaining a Fair Condition Rating, the property’s value is anchored by the 18,737 Sqft Lot already subdivided into three NR3-Zoned Parcels near Wing Luke Elementary. Each parcel supports a primary residence plus an ADU and DADU, offering significant ROI in a Transit-Oriented Location walking distance to light rail. This high-density opportunity is a strategic acquisition for Real Estate Developers or Institutional Investors.
Property is moderate renovation needed.
Built in 1954, this property is being marketed primarily for its land value and redevelopment potential as a subdivided three-parcel lot. While the exterior appears to be a functional brick rambler and the listing suggests it is currently habitable for 'immediate income,' the 70-year age and lack of interior photos or mention of renovations indicate that the kitchen, bathrooms, and major systems are likely outdated. It meets the 'fair' criteria as an aged but functional structure that has likely seen only basic maintenance rather than modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18737, living area = 2120.
The property is already subdivided into three NR3-zoned parcels, each allowing for a primary residence plus an ADU and DADU, offering significant density and ROI for developers.
Ideally situated within walking distance to the light rail and neighborhood businesses, ensuring high future demand and excellent connectivity for residents.
The $2.1 million list price reflects its development value, making it a capital-intensive acquisition that may be out of reach for traditional residential buyers.
While some local elementary and middle schools are highly rated, the designated high school has a low rating, which could impact long-term appeal for families.
Rare buildable NR3-zoned level lot subdivided into three parcels with an existing one-story home and basement offers immediate income and long-term redevelopment potential. Each lot allows a single-family residence plus ADU and/or DADU, providing strong small-lot development flexibility. Located within walking distance to light rail, transit, and neighborhood businesses. House offering 4 bedrooms and 2 baths. The adjoining four lots are also listed for sale. MLS#2473310.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades PK-5 • 0.4 mi
Grades K-5 • 0.5 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 | 1954 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 8, 2026
$1,800,000
$2,100,000
-14% Price Drop
Initial Listing
Jan 28, 2026
$2,100,000
Initial Listing