621 Houser Way S, Renton, WA 98057
- $1,220,000
- 2,930
- SqFt
Listing Broker: Best Choice Realty LLC; Craig Ruden; 425-830-1438; craigruden@hotmail.com
- List Price
- $1,220,000
- Status
- ACTIVE
- MLS#
- 2484138
- Price Change
- ▼ $30,000 1790072000
- Days on Market
- 152
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,930
- Area Total SqFt
- 2930
- Annual Tax Ammount
- 7900
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 8,250
- Sewer
- Sewer Connected
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
- List Date
- 2026-04-24 00:13:12
- Community
- Downtown
- Net Operating Income
- $82,739
- Gross Adjusted Income
- $82,739
- Gross Scheduled Income
- $135,951
- Total Monthly Income
- $11,329
- Insurance Expenses
- $6,458
- Water/Sewer/Garbage Expenses
- $5,547
- Gross Rent Multiplier
- 9.45
- Total Expenses
- $54,212
- Cap Rate
- 6.44
- Total Number of Units
- 4
- Unit Name
- 621
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1900
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 4937
- Other Expenses
- 29370
- Energy Source
- Electric, Natural Gas
- School District
- Renton
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $11,329
- Gross Scheduled Income
- $135,951
- Gross Adjusted Income
- $82,739
- Tax Year
- 2024
- Insurance Expense
- $6,458
- W/S/G Expenses
- $5,547
- Total Expenses
- $54,212
- Net Operating Income
- $82,739
- Gross Rent Multiplier
- 9.45
- Cap Rate
- 6.44
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.