Property Details
1409 Monroe Avenue NE
Renton, WA 98056
$1,300,000
Active
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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!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Renton
Listed
Sep 10, 2025
Original Price
$1,380,000
Structure Type
Triplex
Parcel Number
0423059104
Tax & HOA
Annual Property Tax
$7,848 (2025)
Est. Monthly Tax
$654/mo
Financial Summary
Cap Rate
2.82%
Net Operating Income
$39,040
Gross Scheduled Income
$50,400
Gross Rent Multiplier
27.38
Total Expenses
$9,848
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
2,090
Leasable Area
2,090 sqft
Total Units
3
Lot Size
21,780 sqft
Year Built
1942
Exterior & Lot
Lot Size
0.50 sqft
Year Built
1942
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Sidewalk
Exterior Features
Wood
Community & Access
Directions
GPS is accurate
Location
City
Renton
County
King
Coordinates
47.50505, -122.17494
Additional Information
Tax Year
2025
Annual Taxes
$7,848
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
