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: POOR
3Beds
1Baths
880Sq Ft
5,214Lot Size
Property Price
LIST PRICE$494,999
EST. MARKET VALUE
$435,251
13% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $509,000—positioned well above the $489,784 Fair Market Value by -3%. Featuring LR2 (M1) Zoning on a 5,214 sqft lot, this asset offers significant redevelopment potential for up to four townhomes. With a Condition Rating of 5, the structure requires substantial capital expenditure, making it a strategic play for Infill Developers or Buy-and-Hold Investors focused on long-term density gains and DADU development in a transit-oriented Seattle location.
Estimated Market Value
$435,251
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 | $494,999* List Price | 3 | 1 | 880 | $495 | - |
A 4816 S Chicago Street Sold | $350,000 | 2 | 1 | 800 | $438 | 0.5 mi |
B 8434 34th Avenue S Sold | $485,000 | 3 | 2 | 1,020 | $475 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1907, this property is marketed primarily as a development opportunity for townhomes, indicating the structure is near the end of its economic life. While the interior shows some updated flooring, the kitchen and bathroom are dated (20+ years), and the 'As-Is' status suggests significant rehab is required to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The LR2 (M1) zoning on a 5,214 sqft lot provides exceptional infill redevelopment potential, allowing for up to four townhomes or stacked flats in a high-demand urban area.
- Value-Add Versatility
The property includes a detached garage with DADU potential and updated interior flooring, offering multiple paths for rental income or expanded living space during a long-term hold.
- Strategic Location & Assemblage
Conveniently located near transit and shopping, the property also presents a rare assemblage opportunity with the adjacent lot to further maximize development scale.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- As-Is Condition & Age
Built in 1907 and sold strictly as-is, the structure likely requires significant capital expenditure for repairs or full demolition to realize its highest and best use.
- Functional Obsolescence
The current 880 sqft footprint is exceptionally small for a three-bedroom home, and the single-bathroom configuration limits its appeal to modern 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 | 1,803.474 |
| Lot Size | 5,214 | 4,544.116 |
| Price | $495.0K | $978.6K |
| Price per sq ft | $562 | $570 |
| Built year | 1907 | 1949 |
| HOA | $0 | $68 |
| Days on market | 75 | 36 |
Pricing History
Listed for Sale
Jul 31, 2026
$494,999
$509,000
-3% Price Drop
Initial Listing
Price Change
Jun 26, 2026
$509,000
Initial Listing