1409 Monroe Avenue NE, Renton, WA 98056
- $1,300,000
- 2,090
- SqFt
Listing courtesy of Berkshire Hathaway HS NW.
- List Price
- $1,300,000
- Status
- ACTIVE
- MLS#
- 2430021
- Price Change
- ▼ $80,000 1778645979
- Days on Market
- 319
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,090
- Area Total SqFt
- 2090
- Annual Tax Ammount
- 7848
- Lot Size (sq ft)
- 21,780
- Sewer
- Sewer Connected
Property Description
This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!
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Additional Information
- List Date
- 2025-09-10 16:28:12
- Community
- Renton
- Net Operating Income
- $39,040
- Gross Adjusted Income
- $48,888
- Gross Scheduled Income
- $50,400
- Total Monthly Income
- $4,200
- Insurance Expenses
- $2,000
- Gross Rent Multiplier
- 25.79
- Total Expenses
- $9,848
- Cap Rate
- 3
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 1409
- Potential Terms
- Cash, Conventional
- Year Built
- 1942
- Roof
- Composition
- Energy Source
- Electric
- School District
- Renton
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,200
- Gross Scheduled Income
- $50,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $48,888
- Tax Year
- 2025
- Insurance Expense
- $2,000
- Total Expenses
- $9,848
- Net Operating Income
- $39,040
- Gross Rent Multiplier
- 25.79
- Cap Rate
- 3
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.