Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.
| MLS # | 2535935 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 136 |
| Listing Provided By | Windermere Real Estate/PSR Inc | Joe A. Bernasconi |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,260 |
| Garage | 1 |
| Acreage | 0.18 |
| Property | 6075 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Renton |
| Zip Code | 98057 |
| Area | 350 Renton | Highlands |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $974,995 low | high Med: $749,000 sqft: 2,260 low | high Med: 711 $ / sqft: $431 low | high Med: $1,053 On site: 136 low | high Med: 109 | |
| State | WA |
|---|---|
| County | King |
| City | Renton |
| Zip Code | 98057 |
| Area | 350 Renton | Highlands |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $974,995 low | high Med: $749,000 sqft: 2,260 low | high Med: 711 $ / sqft: $431 low | high Med: $1,053 On site: 136 low | high Med: 109 | |
![]() | $779,950145 Park AvenueRenton, WA 98057 |
![]() | $779,950145 Park AvenueRenton, WA 98057 |