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
- 151
- 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
Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.8 with growing revenue. The fourplex with (2) two-bedroom units and (2) one bedroom one bathroom units are ideally situated in downtown Renton. Property has a Walk Score of 97 due to close proximity to restaurants and shopping. The house has recently had the following renovations: New roof & gutters, New plumbing & electrical, New On-demand tankless hot water system, New attic and crawl space insulation, and New interiors including kitchen, bathrooms, floors, and appliances. Large corner lot with garage, storage locker, and lot can park up to 5 vehicles. This listing is cross listed MLS #2484144. Also, perfect set up for new buyer to live in one of the units. Seller would consider offering the buyer an interest rate buy down.
Additional Information
- List Date
- 2026-04-23 18:13:11
- 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.