Property Details
621 Houser Way S
Renton, WA 98057
$1,285,000
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Property Overview
Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.44! Revenue is growing with the use of Airbnb, VRBO, and Direct Booking. Business is growing. The fourplex with (2) two-bedroom units and (2) one bedroom one bathroom units are ideally situated in downtown Renton. Property is walking distance to restaurants, shopping, & coffee; and minutes to Boeing, The Landing Shopping Center, SeaTac Airport, and Coulon Beach. Large corner lot with garage, storage locker, and lot can park up to 5 vehicles. All units have been renovated. This listing is cross listed MLS #2484144. Also, perfect set up for new buyer to live in one of the units.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Downtown
Listed
Apr 23, 2026
Structure Type
Quadruplex
Parcel Number
7839300130
Tax & HOA
Annual Property Tax
$7,900 (2024)
Est. Monthly Tax
$658/mo
Financial Summary
Cap Rate
6.44%
Net Operating Income
$82,739
Gross Scheduled Income
$135,951
Gross Rent Multiplier
9.45
Total Expenses
$54,212
Building & Use
Building Sq Ft
2,930
Leasable Area
2,930 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,250 sqft
Year Built
1900
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1900
Garage
1 spaces
Exterior Materials
Cement Plank, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Cement Planked, Wood
Community & Access
Directions
From 405, exit to Talbot exit which turns in Smithers; then turn right onto Houser Way S. Property is on corner of Houser and Burnett.
Location
City
Renton
County
King
Coordinates
47.47762, -122.20854
Additional Information
Tax Year
2024
Annual Taxes
$7,900
Possession
Array
Based on information submitted to the MLS GRID as of June 16, 2026 4:00 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.
