8614 Renton Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 1 bath
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Seattle, WA 98118
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8614 Renton Avenue S Subject | $509,000* List Price | 3 | 1 | 880 | $557 | - |
A 4816 S Chicago Street Active | $385,000 List Price | 2 | 1 | 800 | $481 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
Conveniently located near transit and shopping, the property also presents a rare assemblage opportunity with the adjacent lot to further maximize development scale.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
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.
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.
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.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
Jun 26, 2026
$509,000
Initial Listing