Property Details
251 Meadow Avenue N
Renton, WA 98057
$600,000
Active
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Property Overview
Rare opportunity to own a legal duplex in the heart of downtown Renton! Extensively renovated with over $170,000 in improvements, including a new roof, gutters, Hardie Plank siding, vinyl windows, sewer line, furnace, hot water tank, appliances, kitchens, and bathrooms. Previously rented with long-term tenants and now vacant, offering immediate flexibility for investors, owner-occupants, or multigenerational living. The upper unit features 1 bedroom, 1 bath, full kitchen, and living room. The main level offers 2 bedrooms, 1 bath, full kitchen, living room, and dining room. Large fenced yard with alley access and an oversized detached shop/garage with potential for future DADU or additional income opportunities. The full unfinished basement provides abundant storage, laundry area, and future expansion potential for additional living space. A rare turnkey investment with strong rental history, development potential, and endless possibilities. Pre-inspected and ready for its next chapter.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Renton
Listed
Jun 18, 2026
Structure Type
Duplex
Parcel Number
1352300150
Tax & HOA
Annual Property Tax
$5,965 (2026)
Est. Monthly Tax
$497/mo
Financial Summary
Cap Rate
5.40%
Net Operating Income
$32,210
Gross Scheduled Income
$45,600
Gross Rent Multiplier
13.16
Total Expenses
$12,479
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
2,000
Leasable Area
2,000 sqft
Total Units
2
Lot Size
4,739 sqft
Year Built
1922
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1922
Garage
2 spaces
Exterior Materials
Cement
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Cement/Concrete
Community & Access
Directions
Google map friendly
Location
City
Renton
County
King
Coordinates
47.48652, -122.19960
Additional Information
Tax Year
2026
Annual Taxes
$5,965
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 8:48 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.
