436 Wells Avenue N, Renton, WA 98057
- $795,000
- 2,350
- SqFt
Listing courtesy of Next Horizon Realty.
- List Price
- $795,000
- Status
- ACTIVE
- MLS#
- 2516886
- Price Change
- ▼ $50,000 1783649787
- Days on Market
- 102
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,350
- Area Total SqFt
- 2350
- Annual Tax Ammount
- 8721
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 9,000
- Sewer
- Sewer Connected
Property Description
Investors and savvy home buyers, this unique property offers two, detached homes. House plus a studio cottage. Both in top condition. Ideal for owner-occupants seeking substantial rental income from a DADU or savvy investors looking for high income and an impeccable property. Live in one beautifully updated unit and rent the other, or rent both for excellent cash flow. Current main house tenant pays $3200mo. Tenant in studio pays $2100mo. Owner pays WSG and power. Cap rate of 7%. High-end remodel with designer tile work, modern heating & AC, and glowing hardwoods. Large, double lot with mature landscaping, perfectly situated between downtown Renton and the Renton Landing. A standout feature is the proximity to multi-family zoning, offering exciting future development potential. A fantastic opportunity for flexible living or a prime investment with upside!
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Additional Information
- List Date
- 2026-04-15 16:58:14
- Community
- Renton
- Net Operating Income
- $45,579
- Gross Adjusted Income
- $63,600
- Gross Scheduled Income
- $63,600
- Insurance Expenses
- $1,900
- Water/Sewer/Garbage Expenses
- $5,000
- Gross Rent Multiplier
- 13.3
- Total Expenses
- $18,021
- Cap Rate
- 5.4
- Total Number of Units
- 2
- Unit Name
- 436
- Potential Terms
- Cash, Conventional
- Year Built
- 1937
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Patio
- Electric Expenses
- 1200
- Energy Source
- Natural Gas
- School District
- Renton
- Gross Scheduled Income
- $63,600
- Gross Adjusted Income
- $63,600
- Tax Year
- 2025
- Insurance Expense
- $1,900
- W/S/G Expenses
- $5,000
- Total Expenses
- $18,021
- Net Operating Income
- $45,579
- Gross Rent Multiplier
- 13.3
- Cap Rate
- 5.4
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.