$1,400,000
1409 Monroe AVE NE Renton, WA 98056
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Listed by Redfin
$1,400,000
Est. payment /mo
2,090 SqFt
Active
1409 Monroe AVE NE Renton, WA 98056
UPDATED:
09/05/2024 08:49 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,090 sqft
Price per Sqft $669
Subdivision Renton
MLS Listing ID 2272635
Style 53 - Tri-plex
Year Built 1942
Lot Size 0.500 Acres
Property Description
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!
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Fireplace Yes
Exterior
Exterior Feature Wood
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Renton
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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