251 Meadow Avenue N, Renton, WA 98057
- $600,000
- 2,000
- SqFt
Listing courtesy of Windermere Real Estate/HLC.
- List Price
- $600,000
- Status
- PENDING
- MLS#
- 2543454
- Days on Market
- 33
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,000
- Area Total SqFt
- 2000
- Annual Tax Ammount
- 5965
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 4,738
- Sewer
- Septic Tank
Property Description
Rare opportunity to own a legal duplex in the heart of downtown Renton! Extensively renovated with over $170,000 in improvements, including a new roof, gutters, Hardie Plank siding, vinyl windows, sewer line, furnace, hot water tank, appliances, kitchens, and bathrooms. Previously rented with long-term tenants and now vacant, offering immediate flexibility for investors, owner-occupants, or multigenerational living. The upper unit features 1 bedroom, 1 bath, full kitchen, and living room. The main level offers 2 bedrooms, 1 bath, full kitchen, living room, and dining room. Large fenced yard with alley access and an oversized detached shop/garage with potential for future DADU or additional income opportunities. The full unfinished basement provides abundant storage, laundry area, and future expansion potential for additional living space. A rare turnkey investment with strong rental history, development potential, and endless possibilities. Pre-inspected and ready for its next chapter. Back on market - Buyer got cold feet!
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Additional Information
- List Date
- 2026-06-23 22:23:11
- Community
- Renton
- Net Operating Income
- $32,210
- Gross Adjusted Income
- $44,688
- Gross Scheduled Income
- $45,600
- Total Monthly Income
- $3,800
- Insurance Expenses
- $1,102
- Water/Sewer/Garbage Expenses
- $3,012
- Gross Rent Multiplier
- 13.16
- Total Expenses
- $12,479
- Cap Rate
- 5.4
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 251
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1922
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Outdoor Fireplace, Patio, RV Parking, Shop
- Electric Expenses
- 2400
- Energy Source
- Electric, Natural Gas
- School District
- Renton
- Elementary School
- Kennydale Elem
- Middle School
- Dimmitt Mid
- High School
- Renton Snr High
- Total Monthly Income
- $3,800
- Gross Scheduled Income
- $45,600
- Vacancy Rate
- 2
- Gross Adjusted Income
- $44,688
- Tax Year
- 2026
- Insurance Expense
- $1,102
- W/S/G Expenses
- $3,012
- Total Expenses
- $12,479
- Net Operating Income
- $32,210
- Gross Rent Multiplier
- 13.16
- 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.