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$1,550,000
2566463 MLS ⋅ ACTIVE Status
Mill Avenue Apartments is a low-maintenance 8-unit multifamily in-vestment well suited for a private investor. The property offers eight 1-bedroom / 1-bath corner units (±649 SF), four of which include in-unit washer and dryer, along with common laundry on-site. It is located on a quiet hilltop street with excellent territorial views and sits a stone’s throw from downtown Renton, with convenient access to downtown Seattle’s CBD. Built in 1966 with a low-maintenance brick facade and a full EPDM roof replacement in 2017, the asset is offered at $1,550,000 ($193,750 per unit). Current rents sit below market, providing clear upside with limited capital required and an easily achievable market cap rate of 6.41%. Demand is supported by Boeing’s approximately 12,600-person Renton workforce, Blue Origin’s Kent operations, and the broader Kent Valley employment base of over 230,000 jobs. The property features simple operations and convenient access to freeways, Sea-Tac Airport, parks, and everyday amenities.

412 Mill Avenue S, Renton

Listing courtesy of Westlake Associates, Inc..

$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.

$1,090,000
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..

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