Property Details
328 Burnett Avenue N
Renton, WA 98057
$774,950
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Property Overview
Prime duplex investment in the heart of Renton! Strong rental potential & upside in rents. Unit 1 is 2bed/1bath/900SF & Unit 2 is 2bed+den/1bath/1000SF with $3470/mo income. Well maintained w/ shared laundry, 2 space carport parking with 2 extra off-street spaces & individual storage units. Located near Top Golf, The Landing with shopping and dining. WINCO market in the near future and spend weekends walking the Cedar River Trail. Next to Boeing HQ & close to major FWYS, this property attracts steady demand & LT growth. A rare chance to secure cash flow in a desirable location-ideal turnkey property for both seasoned investors. First-Time Buyers can live in one unit while collecting rent to help offset your mortgage. Ask about the $8000 First-Time Homebuyer Grant for owner occupied property & this home won't last long.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Downtown
Listed
Apr 10, 2026
Structure Type
Duplex
Parcel Number
7225500470
Tax & HOA
Annual Property Tax
$7,045 (2025)
Est. Monthly Tax
$587/mo
Financial Summary
Cap Rate
3.80%
Net Operating Income
$29,090
Gross Scheduled Income
$41,640
Gross Rent Multiplier
18.61
Total Expenses
$11,301
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
2,120
Leasable Area
2,120 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
4,813 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1978
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Curbs, Dead End Street, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
N 4th ST x Burnett Ave N
Location
City
Renton
County
King
Coordinates
47.48818, -122.20669
Additional Information
Tax Year
2025
Annual Taxes
$7,045
Possession
Array
Based on information submitted to the MLS GRID as of June 9, 2026 5:45 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.
