
Seattle, WA 98118
This property presents a High-Potential Investment Opportunity with a List Price of $629,990—positioned slightly above the $620,073 Fair Market Value. While not a discount buy, the 8,539 SqFt lot with RSL zoning provides significant long-term development upside. Featuring a Fair Condition Rating (1918 build), the home requires modernization but offers immediate utility through its separately metered lower unit. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants utilizing house-hacking strategies to offset mortgage costs via transit-oriented rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9059 Carkeek Drive S Subject | $629,990* List Price | 4 | 2 | 2,250 | $276 | - |
A 9344 52nd Avenue S Active | $499,999 List Price | 4 | 2 | 1,580 | $316 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1918, the property features kitchen and bathroom renovations that appear to be 30-40 years old (1980s/90s style oak cabinets and tile-trim counters). Given the age of the home and the dated state of the secondary units and basement, the property likely requires a full rehab of systems and interiors to meet modern standards.
The separately metered lower level with its own kitchen and entrance provides an ideal setup for house hacking or rental strategies to significantly offset mortgage costs.
Located just one block from the Seattle Link Light Rail and directly on a Metro Bus line, the property offers exceptional car-free connectivity, ensuring high tenant demand.
The oversized 8,539 SqFt lot paired with RSL zoning presents a rare opportunity for increased density and long-term value appreciation through future development.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2250, other record living area = 1120. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1918, this Craftsman home may require significant ongoing maintenance or capital expenditures to modernize aging systems and structural components.
While convenient for commuting, the immediate proximity to the Link Light Rail and a direct Metro Bus line may result in higher ambient noise levels and increased local foot traffic.
INVESTOR ALERT! Perched on Seattle's lower Beacon Hill, this 4-bedroom, 2-bath Craftsman offers the ultimate owner-occupancy investment strategy. The lot is 8,539 SqFt with RSL zoning allowing for increased density. The lower level is separately metered with its own kitchen and washer/dryer—live upstairs and let the rent below offset your mortgage, or maximize cash flow with short- or long-term rental strategies. Separate entries ensure privacy and flexibility for both units.Entertain with ease on the generous patio and yard space, and rest easy knowing the fully fenced lot is ready for pets. A classic Craftsman with timeless curb appeal, the home sits one block from the Seattle Link Light Rail station and directly on a Metro Bus line—making it a magnet for tenants who want car-free access to the city.Walkable to shopping, dining, parks, and schools, this location checks every box for strong rental demand and long-term resale value. Whether you're house hacking, accommodating multi-generational living, or building a rental portfolio—this is the opportunity. Buyer to verify increased density potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,250 | 1,803.474 |
| Lot Size | 8,539 | 4,544.116 |
| Price | $630.0K | $978.6K |
| Price per sq ft | $280 | $570 |
| Built year | 1918 | 1949 |
| HOA | $0 | $68 |
| Days on market | 97 | 36 |
Jul 31, 2026
$629,990
$649,900
-3% Price Drop
Initial Listing
Jun 4, 2026
$649,900
Initial Listing