621 Houser Way, Renton, WA 98057

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Listing Broker: Best Choice Realty LLC; Craig Ruden; 425-830-1438; craigruden@hotmail.com.

Listings with the three tree icon are courtesy of NWMLS.

621 Houser Way

Renton, WA 98057

LISTING #2484138

REQUEST DETAILS SCHEDULE A SHOWING VIEW THE VIRTUAL TOUR

$1,220,000

STATUS Active

YEAR BUILT 1900

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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.

PROPERTY DETAILS

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Location Information

County King

Community Renton / Newcastle

Latitude 47.477619

Longitude -122.208539

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.

Subdivision Name Downtown

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Wall Furnace

Cooling Window Unit(s)

Floors Vinyl Plank

Exterior Features

Style 4-Plex

Is New Construction Yes

Exterior Cement Planked, Wood

Foundation Pillar/Post/Pier, Poured Concrete

Roof Composition

Water Source Public

Septic or Sewer Sewer Connected

Covered Spaces 1

Water City of Renton

Electric PSE

Power Production Type Electric, Natural Gas

Security Features Partially Fenced

Parking Spaces 6

Site Features Fenced-Partially, Gas Available, High Speed Internet, Patio

Lot Features Curbs, Paved, Sidewalk

Lot Size in Acres 0.1894

Lot Size in Sq. Ft. 8,250

Building Total Area 2930 Square Feet

Has Waterfront No

Has View No

School

High School District Renton

High School Buyer To Verify

Elementary School Buyer To Verify

Jr. High School Buyer To Verify

Additional Information

Possession Closing

Property Type Residential Income

Property Subtype Multi Family

Structure Type Quadruplex

Year Built 1900

Status Active

Tax Year 2024

Tax Amount $7,900

Lot Acres Source Realist

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