Renton WA Multi-Family Real Estate, Homes for Sale

Prime Renton duplex offering income stability with room to grow! Unit A is a 1 bed, 1 bath home with a long-term tenant, delivering proven income from day one. Unit B is a 2 bed, 1 bath unit featuring a recently updated kitchen, new flooring, and refreshed finishes throughout, plus a private deck—ready to command top rent. Both units include off-street parking and separate coin-operated laundry. The property features a new roof within the last year and new electrical throughout in 2018. Established landscaping and a fenced yard add to the curb appeal of this well-kept, tree-lined property. May qualify for FHA financing for an owner-occupant buyer—live in one unit while renting out the other for additional income. Short distance to The Landing's shopping and dining, and minutes to Boeing, Providence, and Kaiser. Schedule your showing today!

475 Houser Way S Unit #A & B, Renton

Listing courtesy of Keller Williams North Seattle.

$2,200,000

2516621 MLS ⋅ ACTIVE Status

Development Opportunity in Renton | 3-Property Assemblage Rare development opportunity in the City of Renton consisting of three properties offered together or potentially separately, subject to seller approval. Property Addresses: 2801 NE 16th Street, Renton, WA 2733 NE 16th Street, Renton, WA 1526 Harrington Avenue NE, Renton, WA This offering presents a strong opportunity for builders, developers, and investors. The site may offer the potential to build approximately 12 good-sized townhomes, subject to City of Renton approval, zoning, permits, utilities, design, and buyer’s feasibility review. The properties are currently rented on month-to-month leases, providing holding income while a buyer works through planning, permitting, and development feasibility.

1526 Harrington Avenue NE, Renton

Listing courtesy of Whisper Real Estate.

$1,250,000

2546087 MLS ⋅ PENDING INSPECTION Status

Great Renton Investment Opportunity! Located across from a Boeing Admin Building, & close to the Renton Municipal Airport, The Landing, & downtown Renton, with easy access to 405. This 5-unit apartment complex includes two 2-bedroom 1-bath units & three 1-bedroom 1-bath units. These well-maintained, owner-managed apartments have been updated over time with double-pane vinyl windows, hardwood laminate & tile flooring, tile showers, & updated white cabinetry in kitchens & baths. The on-site laundry room & covered storage area are adjacent to the designated off-street parking for each unit. The roof was replaced in 2020 by Bravo Roofing & includes a transferable 12-year warranty. Marblecrete siding offers easy care maintenance. The landscaping has been professionally maintained. Built in 1968 with an effective year built of 2000. The plumbing was updated by the prior owner before the current owner's purchase in 2017. Competitive rents & competitive price with 5.65 CAP rate. Invest in this well-operated business opportunity & avoid purchasing landlord problems. Current leases use RHAWA forms with annual renewals for optimum tenant success. Renton renters & landlords are protected primarily by the WA State Residential Landlord-Tenant Act (RCW 59.18). This statewide framework ensures habitability, regulates security deposits, & outlines just-cause eviction requirements. Photos & videos show the current interior & exterior condition. Occupied unit inspections upon offer acceptance.

809 N 6th Street, Renton

Listing courtesy of Keller Williams Realty PS.

$600,000

2543454 MLS ⋅ PENDING Status

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!

251 Meadow Avenue N, Renton

Listing courtesy of Windermere Real Estate/HLC.

$665,000

2533408 MLS ⋅ PENDING Status

Savvy investor alert! Dreamed of living in one home while an income stream pays the mortgage? Presenting a chic, brick mid-century duplex located just steps from the river's edge. Fully renovated Unit 827 boasts a modern new kitchen, stylish tiled bath, wide plank LVP flooring, new stacked laundry, new electrical panel & updated windows. Flow out a private side door to a BBQ patio & big sunny back yd + your own separate storage shed. Tenant occupied unit 829 is where vintage meets retro & the bthrm has been smartly updated. Brand new roof & plenty of private parking for each side to enjoy. Nestled in the character rich, fun neighborhood of North Renton w/a walkability score of 90. Enjoy the flavor of Old Town dining w/ fun restaurants galore. Stroll for miles along the riverfront on the Cedar River trail & grow veggies at the community garden located just a block away. Located minutes from Top Golf, freeway access & The Renton Landing Shopping & Entertainment area. Discover the ultimate in urban living. Amazing turnkey investment. Live in one, rent the other and start building equity now. Inspection report available.

827 N 1st Street, Renton

Listing courtesy of Windermere Real Estate/East.

$828,000

2534534 MLS ⋅ ACTIVE Status

Exceptional Investment Opportunity in the Heart of Renton! Seize this rare chance to own a turn-key, well-maintained duplex featuring two fully occupied units with a strong rental history. Each unit offers 1,060 sq. ft. of functional, one-level living space, including a primary ensuite plus two additional bedrooms and a full guest bath. With spacious living and dining areas bathed in natural light, these units are designed for long-term tenant satisfaction. Enjoy breathtaking mountain views from the upper unit! 8 parking spots. Strategically located minutes from I-405, Highway 900, and premier shopping, this property is a standout for investors seeking reliable income in a high-demand area.

361 Earlington Avenue SW, Renton

Listing courtesy of Bushnell Real Estate Solutions.

$1,450,000

2526901 MLS ⋅ PENDING Status

This is a rare opportunity to acquire The Riverside Apartments, a classic building located at 1003 N 1st Street, just blocks from downtown Renton. This 13-Unit property offers investors the opportunity to own a character-rich multifamily property in a tightly held Renton location. The Riverside Apartments feature a mix of studio and one-bedroom units. Current in-place rents average $1,229 for studios and $1,284 for one-bedroom units, while comparable properties in Renton are achieving $1,350-$1,450 for studios and $1,400-$1,550 for one-bedrooms. This gap presents a clear opportunity for a new owner to capture meaningful rental upside through light interior renovations and operational improvements at an attractive price per unit. Ideally located just minutes from downtown Renton, The Landing, and Boeing’s Renton facility, with immediate access to I-405, Highway 167, and the Cedar River Trail, the Riverside Apartments are strategically positioned in a high-demand rental corridor. The property offers a compelling combination of strong in-place income and clear rental upside, supported by a deep and stable employment base and continued demand for well-located housing in the area.

1003 N 1st Street, Renton

Listing courtesy of Paragon Real Estate Advisors.

$1,290,000

2526238 MLS ⋅ ACTIVE Status

This income producing building located in an amenity rich pocket of Renton. Brand new roof with many other great improvements. Washer and dryer are in each unit. Easy access to free way and close proximity to both Bellevue and Seattle. The building is two-stories, with nine surface parking stalls in the front and rear of the building. It consists of 4 one-bedroom and 1 two-bedroom units. The property sits on 6,939 square feet of land zoned CV and the building is approximately 3,232 net rentable square feet. It attracts to a wide range of residents. Attractive rental cap.

912 Glennwood Avenue NE, Renton

Listing courtesy of 5 Corners Realty LLC.

$1,100,000

2522285 MLS ⋅ ACTIVE Status

Streamlined investment in ideal Renton Highlands location! 4 updated and rented units have LVP flooring, sparkling kitchens, and natural light throughout. Minutes away from Renton Landing, Boeing, local parks, Lake Washington, libraries, schools, shopping, and more. Well cared for, remodeled property as of 2022. New roof, gutters, Hardie Plank siding and windows. Easy landscaping makes maintenance a breeze. 2 2bd/1bth, 2 1bd/1 bth. 11 total parking spaces + street parking! Income producing w/ stable tenancy. New construction all around lends to the up-and-coming feel of the neighborhood. Easily take over and start your investment journey or add this incredible asset to your portfolio. 7/10 walkability neighborhood 9/10 silent zone, 0% vacancy in the last 8 years!

838 Harrington Avenue NE, Renton

Listing courtesy of Best Choice Realty LLC.

$849,950

2519030 MLS ⋅ ACTIVE Status

Beautifully restored turn-of-the-century Craftsman duplex in the heart of Renton with approximately $5,000/month income potential. An exceptional opportunity for investors or owner-occupants—live in one unit and let rental income help offset your mortgage. The main-level home features warm fir floors, soaring ceilings, abundant natural light, cozy fireplace, 3 bedrooms, 1.5 baths, and an updated kitchen with quartz counters, stainless appliances, gas range, farmhouse sink, oversized island, butler's pantry, and utility room. The private upper-level unit offers its own entrance and view deck, vaulted ceilings, Craftsman millwork, exposed brick accents, built-ins, fireplace, full kitchen, spacious living area, bedroom, full bath with soaking tub and separate shower, washer/dryer, and tankless water heater. Additional features include air conditioning in both units, updated windows, plumbing, wiring, durable metal roof, basement storage, forced-air furnace, and tankless water heater. Enjoy the fully fenced yard, inviting front porch, mature landscaping, alley access, sliding privacy gate, and abundant off-street parking. Located on a quiet, sidewalk-lined street just minutes to Boeing, The Landing, downtown Renton, shopping, restaurants, parks, and easy freeway access. A rare opportunity to own a beautifully updated, income-producing property that combines historic charm with modern comfort. $10,000 buyer bonus!

145 Park Avenue N, Renton

Listing courtesy of eXp Realty.

$795,000

2516886 MLS ⋅ ACTIVE Status

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!

436 Wells Avenue N, Renton

Listing courtesy of Next Horizon Realty.

$1,285,000

2484138 MLS ⋅ ACTIVE Status

Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.44! Revenue is growing with the use of Airbnb, VRBO, and Direct Booking. Business is growing. The fourplex with (2) two-bedroom units and (2) one bedroom one bathroom units are ideally situated in downtown Renton. Property is walking distance to restaurants, shopping, & coffee; and minutes to Boeing, The Landing Shopping Center, SeaTac Airport, and Coulon Beach. Large corner lot with garage, storage locker, and lot can park up to 5 vehicles. All units have been renovated. This listing is cross listed MLS #2484144. Also, perfect set up for new buyer to live in one of the units.

621 Houser Way S, Renton

Listing courtesy of Best Choice Realty LLC.

$725,000

2501363 MLS ⋅ ACTIVE Status

Prime duplex investment in the heart of Renton! Strong rental potential & upside in rents. Unit 1 is 2bed/1bath/900SF & Unit 2 is 2bed+den/1bath/1000SF with $3470/mo income. Well maintained w/ shared laundry, 2 space carport parking with 2 extra off-street spaces & individual storage units. Located near Top Golf, The Landing with shopping and dining. WINCO market in the near future and spend weekends walking the Cedar River Trail. Next to Boeing HQ & close to major FWYS, this property attracts steady demand & LT growth. A rare chance to secure cash flow in a desirable location-ideal turnkey property for both seasoned investors. First-Time Buyers can live in one unit while collecting rent to help offset your mortgage. Ask about the $8000 First-Time Homebuyer Grant for owner occupied property & this home won't last long.

328 Burnett Avenue N, Renton

Listing courtesy of Berkshire Hathaway HS NW.

$650,000

2498022 MLS ⋅ ACTIVE Status

PRIME RMF DEVELOPMENT SITE | 4-UNIT POTENTIAL | 2022 TURNKEY RENO Unrivaled investment potential in the heart of the Renton Highlands. Strategically positioned for the forward-thinking developer, 1409 Union Ave NE offers a rare, level ~8,200 SF lot zoned RMF (Residential Multi-Family). Capitalize on Renton’s 2026 density updates with a site primed for a 4-unit project or high-density boutique multi-family stack (Buyer to verify yield and density with City). THE ASSET: Eliminate holding cost headaches. The existing 1,475 SF structure was fully renovated in 2022 with modern laminate flooring, a full contemporary kitchen, and updated systems. This is a turnkey "holding asset" capable of generating immediate rental income while you navigate the entitlement and permitting phase. COMMERCIAL POTENTIAL: The property features 4 dedicated parking spaces and has a long history of professional use. The RMF zoning allows for "Civic and Limited Commercial" uses that support the neighborhood. This is a standout for business owners seeking a standalone office hub or a unique live-work setup. NOTE: Buyer must verify current land use and permit status with the City of Renton for intended commercial occupancy or rental. PRIME LOCATION: Seconds from I-405, Sunset Blvd, and The Landing. Enjoy rapid access to Bellevue and Seattle in a sub-market seeing massive redevelopment. Level lot, RMF zoning, and 2022 high-end renovations. Priced competitively for a swift sale.

1409 Union Avenue NE, Renton

Listing courtesy of Keller Williams Eastside.

$1,200,000

2493035 MLS ⋅ PENDING Status

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.

441 445 Smithers Avenue S, Renton

Listing courtesy of Paragon Real Estate Advisors.

$1,090,000

2488130 MLS ⋅ ACTIVE Status

Great opportunity for investors! Commercial and Multi Family Zoned. Just two lots up from Rainier Ave N, on corner of Victoria/Hardie. Two separate buildings. Five units are ready to go as you wish. Sixth unit can be remodeled in future, to increase cash flow. Most everything has been updated with new carpets, paint, laminate flooring, interior doors, heaters, blinds, light fixtures, and much more! Two car carport and three, open parking spots. Thermal pane windows, with territorial views, in all units. Separate, common utility room w/ storage room. New roof with 50 year warranty. Superior location to most everything!

150 Hardie Avenue SW Unit #1-6, Renton

Listing courtesy of RE/MAX Eastside Brokers, Inc..

$1,090,000

2455476 MLS ⋅ ACTIVE Status

Great opportunity for investors! Commercial and Multi Family Zoned. Just two lots up from Rainier Ave N, on corner of Victoria/Hardie. Two separate buildings. Five units are ready to go as you wish. Sixth unit can be remodeled in future, to increase cash flow. Most everything has been updated with new carpets, paint, laminate flooring, interior doors, heaters, blinds, light fixtures, and much more! Two car carport and three, open parking spots. Thermal pane windows, with territorial views, in all units. Separate, common utility room w/ storage room. New roof with 50 year warranty. Superior location to most everything!

150 Hardie Avenue SW Unit #1-6, Renton

Listing courtesy of RE/MAX Eastside Brokers, Inc..

$1,300,000

2430021 MLS ⋅ ACTIVE Status

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!

1409 Monroe Avenue NE, Renton

Listing courtesy of Berkshire Hathaway HS NW.

$1,000,000

2411229 MLS ⋅ PENDING - BACKUP OFFER REQUESTED Status

Rare riverfront duplex with bonus unit on single parcel in downtown Renton! Zoned CD and situated on the scenic Cedar River with walking trails at your doorstep. Property features two detached homes—each with a deck and water views. One home includes an upper-level 1BR/1BA rental unit; the other two units are spacious 3BR/1BA. All units include stove, dishwasher, and refrigerator. Two units currently rented below market. Live in one and rent out the others—ideal for house hacking or investment. Incredible location near shops, dining, and transit in Renton's vibrant core.

104 Main Avenue S, Renton

Listing courtesy of Keller Williams Realty PS.

Browse All Renton WA Multi-Family Properties for Sale

Renton Multi-Family Real Estate