MLS #2493035 / Listing provided by NWMLS & Paragon Real Estate Advisors.
$1,200,000
441 445 Smithers Avenue S
Renton,
WA
98057
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Total: 10
- Total Uncovered Parking Spaces: 10
Structure
- Roof: Composition
- Exterior Features: Wood, Wood Products
- Foundation: Poured Concrete
Lot Details
- Acres: 0.2204
- Foundation: Poured Concrete
Schools
- High School District: Renton
Lot Details
- Acres: 0.2204
- Foundation: Poured Concrete
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 5077
Corryn Lobato
Broker | REALTOR®
Send Corryn Lobato an email