Property Details
127 Union Avenue NE
Renton, WA 98059
$1,295,000
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Property Overview
Superb Investment or house hacker special – This well located triplex has 3 townhome units that each have two spacious bedrooms and one and a half baths. Each unit features their own upper level full size laundry facilities, wood burning fireplace, its own fenced private patio yard, exterior storage and more. Large kitchens with generous living and dining spaces plus extra storage and powder rooms on the main. These units also boast two reserved parking spaces, including a dedicated garage with added storage, automatic garage door openers and additional visitor parking. Newer roof and garage doors plus fresh exterior paint, this building has been meticulously maintained, owned and cared for by the same family for over 20 years. Unique self managed small complex of five triplexes. Live in one unit and rent out the other two or rent out all of them for maximum profits. Current long-term tenants are all on month to month agreements. Currently grossly under rented with plenty of upside and room for increased revenues. Excellently located close to I-405, with quick access to I-90. The Renton Highlands is a hub of delicious food and restaurant choices, fun shops, great services and transportation options. Situated only blocks from Heritage Park and activities – this would be an excellent place to call home or make a sound investment. Love Love Love where you Invest!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Maplewood Heights
Listed
Jan 21, 2026
Structure Type
Triplex
Parcel Number
2781500020
Tax & HOA
Annual Property Tax
$11,875 (2025)
Est. Monthly Tax
$990/mo
HOA Fee
$166/monthly
Financial Summary
Cap Rate
4.99%
Net Operating Income
$64,724
Gross Scheduled Income
$90,000
Gross Rent Multiplier
14.38
Total Expenses
$25,276
Building & Use
Building Sq Ft
4,090
Leasable Area
4,850 sqft
Total Units
3
Lot Size
5,785 sqft
Year Built
1989
Exterior & Lot
Lot Size
0.13 sqft
Year Built
1989
Garage
3 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Curbs, Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
From NE 4th Street in the Renton Highlands go South on Union Ave NE. Complex will be on the right just past the park. 1st building on the left.
Location
City
Renton
County
King
Coordinates
47.48369, -122.16513
Additional Information
Tax Year
2025
Annual Taxes
$11,875
Possession
Array
Based on information submitted to the MLS GRID as of June 22, 2026 5:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
