320 Williams Avenue N, Renton, WA 98057
Courtesy of Windermere Real Estate/PSR Inc
- $995,000
- 4
- BD
- 3
- BA
- 2,260
- SqFt
- List Price
- $995,000
- Status
- ACTIVE
- Days on Market
- 51
- MLS#
- 2535935
- Subtype
- Residential
- Style
- 11 - 1 1/2 Story
- Year Built
- 1909
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2,260
- Lot Size
- 7,988
- Acres
- 0.18
- Subdivision
- Downtown
- Neighborhood
- Downtown
- MLS Area Major
- Renton/Highlands
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.
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Additional Information
- Interior Features
- Fireplace, Water Heater
- Exterior Features
- Wood, Wood Products
- Property Description
- 11 - 1 1/2 Story
- Flooring
- Laminate, Carpet
- Heating
- Forced Air, Wall Furnace
- Air Conditioning
- None
- Levels
- One and One Half
- Roof
- Composition
- Parking Features
- Driveway, Detached Garage
- School District
- Renton
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