Active · Residential

320 Williams Avenue N, Renton, WA 98057

Renton, WA 98057

$995,000

4 bedrooms · 3 bathrooms · 2,260 sq ft

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Listing provided by Windermere Real Estate/PSR Inc · MLS #2535935 · Active

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About this property

Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.

Property details

Property type: Single Family Residence
Year built: 1909
Lot size: 7,988 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $6,075 (2026)
Parking spaces: 5
School district: Renton

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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