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Listed by:Paragon Real Estate Advisors • Tanner Fogle
$1,200,000
Est. payment /mo
10 Beds
6 Baths
4,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $292
Subdivision Downtown Renton
MLS Listing ID 2493035
Style 55 - 5-9 Units
Bedrooms 10
Year Built 1981
Annual Tax Amount $8,957
Lot Size 9,600 Sqft
Property Sub-Type Multi Family
Property Description
Downtown Renton 6 unit – consisting of a turn-of-the-century duplex and a fourplex that was added to the lot in the 80's. The building offers investors the opportunity to acquire a well-maintained, income-producing asset in a highly walkable location with stable day-one cash flow and additional future upside. Five of the six units have been fully renovated with LVP flooring, modern cabinetry, updated fixtures and quartz countertops, delivering an updated interior finish that aligns with current renter expectations while preserving additional upside in the remaining unit. Residents benefit from desirable amenities including private patios or decks, ample on-site parking, and community laundry facilities. New ownership can capitalize on strong in-place returns while continuing to optimize rents and operations in a supply-constrained submarket. Offered at an in-place 6.2% cap rate, Renton 6 presents a compelling investment opportunity combining strong in-place income, proven rental demand, and long-term hold potential in one of South King County's most walkable and accessible locations. The duplex located on the parcel is not recognized by the county or the city of Renton, making this parcel a Fourplex with an unpermited Duplex onsite built around 1930.
Location
State WA
County King
Area 340 - Renton/Benson Hill
Interior
Flooring Laminate, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Renton
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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