9338 39th Avenue S, Seattle, WA 98118, Seattle, 98118 - 2 bed, 2 bath
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9338 39th Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,720Sq Ft
4,400Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$710,117
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $699,000—positioned well below the $710,118 Fair Market Value by 1.5%. This valuation gap offers $11,118 in Instant Equity. Featuring a Mint Condition Rating with recent plumbing and electrical upgrades, the home includes a versatile lower level with a separate entrance. Its proximity to the Rainier Beach Light Rail and lush greenbelt views makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-producing potential.
Estimated Market Value
$710,117
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 |
|---|---|---|---|---|---|---|
★ 9338 39th Avenue S Subject 2 bd · 2 ba · 1,720 sqft · $413 | $699,000* List Price | 2 | 2 | 1,720 | $413 | - |
A 9240 39th Avenue S Sold 4 bd · 4 ba · 1,930 sqft · $383 · 0.1 mi | $740,000 | 4 | 4 | 1,930 | $383 | 0.1 mi |
B 3951 S Chicago St Sold 3 bd · 3 ba · 1,550 sqft · $471 · 1.0 mi | $730,000 | 3 | 3 | 1,550 | $471 | 1.0 mi |
C 8123 49th Avenue S Sold 3 bd · 2 ba · 1,190 sqft · $504 · 0.9 mi | $600,000 | 3 | 2 | 1,190 | $504 | 0.9 mi |
D 8907 Beacon Avenue S Sold 2 bd · 1 ba · 1,040 sqft · $471 · 0.3 mi | $490,000 | 2 | 1 | 1,040 | $471 | 0.3 mi |
E 9231 39th Avenue S Pending 2 bd · 1 ba · 1,170 sqft · $513 · 0.1 mi | $599,950 List Price | 2 | 1 | 1,170 | $513 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1926, the home has undergone a comprehensive, recent renovation within the last 5 years. It features fully updated plumbing and electrical systems, a modernized kitchen with new cabinetry and appliances, updated bathrooms, fresh paint, modern flooring, and a restored deck, offering completely turnkey and mint condition living.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The finished lower level with a separate entrance and previous short-term rental history provides excellent flexibility for multi-generational living or supplemental income.
- Turnkey Modernization
The home blends 1920s charm with essential modern upgrades, including updated plumbing, electrical systems, and refreshed kitchen and bathroom finishes.
- Strategic Location
Situated near the Rainier Beach Light Rail and major commuter routes, the property offers superior transit access and proximity to local parks and amenities.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
At 1,729 square feet with only two bedrooms, the home's configuration may limit its appeal to larger families or those needing multiple private rooms.
- Compact Lot Size
The 4,400 square foot lot is relatively modest, which may restrict outdoor expansion possibilities or appeal to buyers seeking significant yard space.
About 9338 39th Avenue S
Classic charm meets modern, turnkey living in this beautifully updated South Beacon Hill home overlooking a lush greenbelt. Offering 2 bedrooms, 2 baths, and 1, 729 sq ft of flexible living space, the home features updated plumbing and electrical systems, refreshed finishes, an open floor plan, and a restored front deck ideal for outdoor living and entertaining. The kitchen offers updated cabinetry, countertops, and appliances, while the baths feature stylish modern finishes. The finished lower level includes a separate entrance, bedroom and bathroom, creating excellent flexibility for guests, extended living, a home office, additional space or potential rental use. The property has previously generated short-term rental income, offering added flexibility for buyers exploring income-producing possibilities, subject to buyer verification and applicable regulations. **Location, location, location-** conveniently situated near Rainer Beach Light Rail, Route 107, shopping, dining, parks and major commuter routes, with Benefit Park nearby. Updated, versatile, and well connected, this South Beacon Hill home offers comfort, convenience, flexibility, and income potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 4,400 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,720 | 1,801.924 |
| Lot Size | 4,400 | 4,494.536 |
| Price | $699.0K | $974.4K |
| Price per sq ft | $406 | $569 |
| Built year | 1926 | 1948 |
| HOA | $0 | $78 |
| Days on market | 37 | 35 |
Pricing History
Listed for Sale
Sep 17, 2026
$699,000
Initial Listing