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(253) 256-5270
My Q Homes with Wilcox Real Estate
621 Houser Way S, Renton, WA 98057
- $1,220,000
Listing Broker: Best Choice Realty LLC; Craig Ruden; 425-830-1438; craigruden@hotmail.com
- List Price
- $1,220,000
- Status
- ACTIVE
- MLS#
- 2484144
- Price Change
- ▼ $30,000 1790072302
- Days on Market
- 166
- Annual Tax Ammount
- 7900
- Internet Provider
- Comcast
Property Description
Extensively renovated fourplex on a spacious 8,250-sq-ft corner lot in the heart of downtown Renton. The 2,930-sq-ft building offers two 2-bedroom/1-bath units and two 1-bedroom/1-bath units—an excellent setup for an investor or an owner-occupant seeking rental income. Major improvements include a new roof and gutters, plumbing and electrical updates, a tankless hot-water system, new attic and crawl-space insulation, and updated kitchens, bathrooms, flooring, and appliances. The property also features a garage, storage lockers, and parking for up to five vehicles; and plenty of additional parking. Currently operated as an short-term rental for little over two years with first year gross rental revenue of $136,950 and second year gross rental of $140,032. The current cap rate is 6.8%. Financial records are available upon request, with additional income-growth potential. With a Walk Score of 97, the property is close to downtown restaurants, shopping, transit, The Landing, Renton Municipal Airport, Boeing, Valley Medical Center, the Seahawks Training Facility, and Alaska Airlines’ training center. Convenient access to I-405 and I-5, with SeaTac Airport, Seattle, and Bellevue all within easy reach.
Additional Information
- Community
- Downtown
- Building Condition
- Good
- Style
- 62 - Business Opp.
- Year Built
- 1900
- # of Assigned Spaces
- 4
- Roof
- Composition
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl Plank
- Driving Directions
- From 405, exit to Talbot exit which turns in Smithers; then turn right onto Houser Way S. Property is on corner of Houser and Burnett.
- Electric Expenses
- 2937
- Other Expenses
- 29370
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $82,739
- Gross Adjusted Income
- $136,951
- Gross Scheduled Income
- $136,951
- Water/Sewer/Garbage Expenses
- $5,547
- Cap Rate
- 644
- Total Expenses
- $54,212
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.