441 445 Smithers Avenue S, Renton, WA 98057
- $1,200,000
- 4,100
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,200,000
- Status
- PENDING
- MLS#
- 2493035
- Days on Market
- 121
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,100
- Area Total SqFt
- 4100
- Annual Tax Ammount
- 8957
- Lot Size (sq ft)
- 9,600
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-03-27 15:04:12
- Community
- Downtown Renton
- Net Operating Income
- $73,448
- Gross Adjusted Income
- $110,774
- Gross Scheduled Income
- $116,604
- Total Monthly Income
- $9,717
- Insurance Expenses
- $5,096
- Water/Sewer/Garbage Expenses
- $5,077
- Gross Rent Multiplier
- 10.7
- Total Expenses
- $37,326
- Cap Rate
- 6.2
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 441 445
- Potential Terms
- Cash, Conventional
- Year Built
- 1981
- Roof
- Composition
- Other Expenses
- 18196
- Energy Source
- Electric
- School District
- Renton
- Total Monthly Income
- $9,717
- Gross Scheduled Income
- $116,604
- Vacancy Rate
- 5
- Gross Adjusted Income
- $110,774
- Tax Year
- 2026
- Insurance Expense
- $5,096
- W/S/G Expenses
- $5,077
- Total Expenses
- $37,326
- Net Operating Income
- $73,448
- Gross Rent Multiplier
- 10.7
- Cap Rate
- 6.2
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.