1409 Monroe Avenue NE Renton WA 98056 MLS #NWM2272635

Listing Provided Courtesy of Redfin
This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $45,600 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!

Property Details

Price:
$1,380,000
MLS #:
NWM2272635
Status:
Active
Beds:
0
Baths:
0
Address:
1409 Monroe Avenue NE
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Renton
Neighborhood:
350 – Renton/Highlands
City:
Renton
Listed Date:
Aug 5, 2024
State:
WA
Finished Sq Ft:
2,090
Total Sq Ft:
2,090
ZIP:
98056
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1942
Units:
3

Schools

School District:
Renton
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify

Interior

Cooling
Heat Pump
Heating
Baseboard

Exterior

Exterior Features
Wood
Parking Spots
2
Roof
Flat

Financial

Net Operating Income
$50,400
Tax Year
2024

Map

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