320 Williams Avenue N, Renton, WA 98057
- $995,000
- 4
- BD
- 3
- BA
- 2,260
- SqFt
Listing courtesy of Windermere Real Estate/PSR Inc.
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 2535935
- Days on Market
- 51
- Bedrooms
- 4
- Finished SqFt
- 2,260
- Area Total SqFt
- 2260
- Annual Tax Ammount
- 6075
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,988
- Fireplace
- Yes
- Sewer
- Sewer Connected
Property Description
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.
Additional Information
- Community
- Downtown
- Style
- 11 - 1 1/2 Story
- Basement
- None
- Year Built
- 1909
- Total Covered Parking
- 1
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
- Tax Year
- 2026
- School District
- Renton
- Potential Terms
- Cash, Conventional, VA Loan
- Interior Features
- Fireplace, Water Heater
- Flooring
- Laminate, Carpet
- Driving Directions
- From Williams Ave N head south, home on Left.
- Appliance
- Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
- Appliances Included
- Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Water Heater Location
- Closet
- Water Heater Type
- Electric
- Energy Source
- Electric
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.