8614 Renton Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 1 bath
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8614 Renton Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: FAIR
3Beds
1Baths
880Sq Ft
5,214Lot Size
Property Price
LIST PRICE$469,999
EST. MARKET VALUE
$457,211
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at $469,999—positioned above the $457,212 Fair Market Value. While the price reflects a premium, the LR2 (M1) Zoning provides exceptional infill redevelopment potential for up to 4 townhomes. With a Condition Rating of 4, the existing structure serves as a placeholder for future density. The 5,214 sqft lot and DADU development potential offer significant upside for Buy-and-Hold Investors and Developers seeking to maximize land utility in a transit-oriented Seattle corridor.
Estimated Market Value
$457,211
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 |
|---|---|---|---|---|---|---|
★ 8614 Renton Avenue S Subject 3 bd · 1 ba · 880 sqft · $520 | $469,999* List Price | 3 | 1 | 880 | $520 | - |
A 8434 34th Avenue S Sold 3 bd · 2 ba · 1,020 sqft · $475 · 0.6 mi | $485,000 | 3 | 2 | 1,020 | $475 | 0.6 mi |
B 4504 S Trenton Street Sold 3 bd · 1 ba · 1,230 sqft · $378 · 0.1 mi | $465,000 | 3 | 1 | 1,230 | $378 | 0.1 mi |
C 9643 56th Avenue S Pending 3 bd · 1 ba · 1,020 sqft · $490 · 0.9 mi | $499,998 List Price | 3 | 1 | 1,020 | $490 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1907, the property features older, dated renovations in the kitchen and bathroom that appear to be 15-30 years old. While the interior has updated flooring and remains functional/livable, the home is sold as-is and is primarily marketed for its lot value and redevelopment potential.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Zoning
The LR2 (M1) zoning provides exceptional infill redevelopment potential, allowing for the construction of up to four townhomes or stacked flats in a high-demand urban area.
- Value-Add Development Options
The property features a detached garage with DADU potential and the rare opportunity for an adjacent lot assemblage, significantly expanding the scope for rental income or larger-scale projects.
- Strategic Transit-Oriented Location
Conveniently located near major commuter routes and transit, the property also benefits from proximity to Wing Luke Elementary, which boasts a high rating of 8/10.
CONSRISKS & DEFICIENCIES
- As-Is Condition & Age
Built in 1907 and sold in as-is condition, the existing structure likely requires significant capital expenditure for repairs or a complete teardown to achieve its highest and best use.
- Limited Functional Living Space
The current 880-square-foot layout with only one bathroom for three bedrooms is undersized by modern standards, limiting its immediate appeal to traditional owner-occupants.
About 8614 Renton Avenue S
Investor and development opportunity! Situated on a spacious lot zoned LR2 (M1), this property offers exceptional infill redevelopment potential. The highest and best use may be middle-housing redevelopment, with the potential for 4 townhomes or stacked flats (buyer to verify). The property also features updated flooring and a detached garage with potential for DADU development, creating opportunities for additional living space or rental income. The adjacent property may also be available for purchase, presenting a rare assemblage opportunity and expanded development potential. Ideal for renovation, redevelopment, or long-term hold. Conveniently located near transit, shopping, and major commuter routes. Sold As-Is. Buyers to verify zoning, density, development potential, and all property information to their satisfaction.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1907
- Lot Size
- 5,214 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Dunlap Elementary School
Grades PK-5 • 0.1 mi
5/10
Wing Luke Elementary School
Grades K-5 • 0.5 mi
8/10
Van Asselt Elementary School
Grades K-5 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 880 | 1,801.924 |
| Lot Size | 5,214 | 4,494.536 |
| Price | $470.0K | $974.4K |
| Price per sq ft | $534 | $569 |
| Built year | 1907 | 1948 |
| HOA | $0 | $78 |
| Days on market | 37 | 35 |
Pricing History
Listed for Sale
Sep 17, 2026
$469,999
Initial Listing