Property Details

1409 Monroe Ave NE

Renton, WA 98056

$1,380,000

Off Market

CBA# 703604 courtesy of CBA Listing firm: Berkshire Hathaway Home Services Northwest Real Estate

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 1409 Monroe Ave NE, Renton, MLS# 703604

Commercial

Property Type

2,090

Bldg Sq Ft

Units

2.00%

Cap Rate

1942

Year Built

Property Overview

This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!