Property Details
320 Williams Avenue N
Renton, WA 98057
$995,000
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About This Home
Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
King
Neighborhood
Downtown
Listed
Jun 5, 2026
Structure Type
House
Parcel Number
7225500375
Tax & HOA
Annual Property Tax
$6,075 (2026)
Est. Monthly Tax
$506/mo
Interior Features
Bedrooms
4
Bathrooms
2.8
Living Area
2,260 sq ft
Basement
None
Entry Level
Main
Interior Features
Fireplace, Water Heater
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1909
Exterior Materials
Wood
Parking
Driveway, Detached Garage
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Sidewalk
Exterior Features
Wood, Wood Products
Community & Access
Directions
From Williams Ave N head south, home on Left.
Location
City
Renton
County
King
Coordinates
47.48769, -122.20540
Schools
School District
Renton
Additional Information
Tax Year
2026
Annual Taxes
$6,075
Possession
Array
Inclusions
Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of June 6, 2026 12:15 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.
