Active · Residential Income

621 Houser Way S, Renton, WA 98057

Renton, WA 98057

$1,220,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Best Choice Realty LLC · MLS #2484138 · Active

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About this property

Extensively renovated fourplex on a spacious 8,250-sq-ft corner lot in the heart of downtown Renton. The 2,930-sq-ft building offers two 2-bedroom/1-bath units and two 1-bedroom/1-bath units—an excellent setup for an investor or an owner-occupant seeking rental income. Major improvements include a new roof and gutters, plumbing and electrical updates, a tankless hot-water system, new attic and crawl-space insulation, and updated kitchens, bathrooms, flooring, and appliances. The property also features a garage, storage lockers, and parking for up to five vehicles; and plenty of additional parking. Currently operated as an short-term rental for little over two years with first year gross rental revenue of $136,950 and second year gross rental of $140,032. The current cap rate is 6.8%. Financial records are available upon request, with additional income-growth potential. With a Walk Score of 97, the property is close to downtown restaurants, shopping, transit, The Landing, Renton Municipal Airport, Boeing, Valley Medical Center, the Seahawks Training Facility, and Alaska Airlines’ training center. Convenient access to I-405 and I-5, with SeaTac Airport, Seattle, and Bellevue all within easy reach.

Property details

Property type: Multi Family
Year built: 1900
Lot size: 8,250 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $7,900 (2024)
Parking spaces: 6
School district: Renton

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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