8641 45th Avenue S, Seattle, WA 98118, Seattle, 98118 - 2 bed, 1 bath
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Seattle, WA 98118
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $447,707 Fair Market Value by -0.51%. While the home requires significant renovation, its Condition Rating of 5 and 1,480 square feet of space provide a blank canvas for value-add improvements. Located in the vibrant Rainier Valley near Dunlap Elementary, this asset offers a strategic entry point into the Seattle market. It is an ideal acquisition for Fix-and-Flip Investors or first-time buyers capable of managing a comprehensive rehabilitation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8641 45th Avenue S Subject | $450,000* List Price | 2 | 1 | 1,480 | $303 | - |
A 8434 34th Avenue S Pending | $525,000 List Price | 4 | 3 | 1,608 | $326 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 (114 years old) with no recorded major renovations. The listing explicitly states the home 'needs some TLC' and is an investment opportunity, suggesting original or aged systems (HVAC/Electric) and a need for significant rehab to address dated interiors and potential structural/safety issues common in century-old homes.
Situated in the heart of Rainier Valley, the property is exceptionally close to Dunlap Elementary and local parks, offering high walkability and excellent community connectivity.
Priced at $450,000, this home represents a rare entry-level opportunity in the Seattle market, ideal for investors or buyers looking to build equity through renovation.
The 1,480 square foot interior provides a substantial living area for a single-family home, offering more functional space than typical starter homes in this price bracket.
The property is identified as needing 'TLC,' indicating that immediate capital investment will be necessary to address cosmetic and structural improvements.
Dating back to 1910, the home likely features aged systems and components that may require costly modernization to meet current building codes and efficiency standards.
This 3-bedroom, 1-bath single-family home offers 1,480 square feet of comfortable living space in the heart of Seattle’s vibrant Rainier Valley. It sits in the diverse Dunlap neighborhood near parks, schools, and Lake Washington. The home needs some TLC but a great opportunity for first-time buyers or those looking to invest in a well-connected Southeast Seattle community.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
Jul 17, 2026
$450,000
Initial Listing
Jun 7, 1991
$44,500
Public Record