8434 34th Avenue S, Seattle, WA 98118, Seattle, 98118 - 4 bed, 3 bath
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Seattle, WA 98118
This Value-Add Residential Asset is priced at $575,000, representing a stable entry point at its $575,000 Fair Market Value. While the home carries a Fair Condition Rating, it offers exceptional upside through NR-3 Zoning and a completed DADU feasibility study for secondary construction. The interior features a separate entrance basement, providing a turnkey "house-hack" opportunity to offset mortgage costs. Located in the high-demand Beacon Hill corridor near Light Rail, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to force appreciation in a prime Seattle location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8434 34th Avenue S Subject | $549,999* List Price | 4 | 3 | 1,608 | $342 | - |
A 7718 Beacon Avenue S Active | $699,900 List Price | 3 | 2 | 1,640 | $427 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1994, remains in largely original condition with no evidence of major recent renovations. The kitchen features dated oak cabinetry and laminate countertops, while the interior shows aged carpeting and 90s-era fixtures. Although the listing indicates the home is livable, the 'as-is' sale status and the 30-year-old finishes align with the 'fair' condition category, requiring cosmetic updates and likely system overhauls to meet modern standards.
The property features NR-3 zoning, rare alley access, and a completed feasibility study supporting DADU construction, offering significant upside for investors or those looking to maximize land value.
With a separate entrance basement and a primary suite, the home’s floor plan is ideal for multi-generational living or creating a dedicated rental unit to offset mortgage costs.
Located in the high-demand Beacon Hill area, the property offers excellent proximity to the Light Rail and downtown Seattle, ensuring strong long-term appreciation and tenant appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3920, other record lot size in square feet = 5176. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1608, other record living area = 1020. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property is sold in as-is condition, suggesting that buyers should budget for immediate renovation costs or repairs to bring the home up to modern standards.
While a feasibility study is provided, the buyer is responsible for verifying all development potential with the city, which introduces regulatory risk and additional pre-construction effort.
Well-maintained Beacon Hill home offering one of the most accessible single-family opportunities in Seattle. Bright and functional layout with comfortable living and dining spaces, abundant natural light, and flexible room options to fit your lifestyle.This Seattle home features multiple living areas, including an en suite bath, offering privacy and flexibility for a primary suite,guest space, or home office.Move-in ready condition with the opportunity to update and build value over time.Situated on a level 5,176 SF lot, the property offers a deep backyard with room for outdoor living, gardening, or entertaining, rare space for a Beacon Hill property at this price point.Rear access provides convenient off-street parking, a valuable feature in the area. Newer roof (approx. 7 years old) adds peace of mind.Located just minutes to Light Rail, I-5, Downtown Seattle, and Lake Washington, with easy access to parks, restaurants, and neighborhood amenities. Strong option for buyers seeking a Seattle single-family home with yard space at an approachable price point.
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 | 1994 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 15, 2026
$549,999
$575,000
-4% Price Drop
Initial Listing
Mar 27, 2026
$575,000
Initial Listing