Listing courtesy of Paragon Real Estate Advisors 206-623-8880
$1,200,000
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… Read More 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. Read Less
Listing courtesy of Paragon Real Estate Advisors 206-623-8880
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
12
Days on Website
12
Last Updated
Property Type
Multi Family
Square Ft.
4,100
Lot Size
0.22 Acres
Year Built
1981
Property Tax
$8,957
MLS Number
2493035
30 Days Snapshot Of 98057
$647k
-18%
(avg) sold price
5
0%
homes sold
68
+11%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Production Type: "Electric"
Building
Building Area Total: 4100, Building Area Units: Square Feet, Calculated Square Footage: 4100, Elevation Units: Feet, Leasable Area: 4100, Living Area: 0, Number Of Units Total: 6, Stories Total: 2, Structure Type: "Multi Family", Units In Building Total: 6, Year Built: 1981
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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