1324 Jefferson Avenue Northeast
Renton, WA 98056
$1,100,000
Price
6
Beds
4
Baths
2,756 Sq. Ft.
$399 / Sq. Ft.
2,756
Sq. Ft.
$399
per Sq. Ft.
Listing provided courtesy of Windermere Bellevue Commons
Description
Rare opportunity to own a fully-occupied fourplex in the desirable Renton Highlands. This well-maintained property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all on year-to-year leases. rents currently below market value, there is substantial potential for increased revenue & the possibility of achieving a rental cap rate of 6%. The property features shared laundry facilities, extra storage & parking. It is conveniently located within walking distance to the parks, library,...Rare opportunity to own a fully-occupied fourplex in the desirable Renton Highlands. This well-maintained property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all on year-to-year leases. rents currently below market value, there is substantial potential for increased revenue & the possibility of achieving a rental cap rate of 6%. The property features shared laundry facilities, extra storage & parking. It is conveniently located within walking distance to the parks, library, supermarkets & restaurants. Easy access to the freeway, Renton Landing, major business hubs like Seattle & Bellevue makes this location highly sought after. Don’t miss this chance to capitalize on below-market rents in a prime location!
- Listed by Doris Yuan • Windermere Bellevue Commons
Property Details for 1324 Jefferson Avenue Northeast
Community Name
Highlands
School DistrictRenton
Number of Assigned Spaces3
Total Covered Parking0
Entry Date09-25-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:16 AM
Property Details for 1324 Jefferson Avenue Northeast
| Status | Active |
|---|---|
| MLS # | 2294425 |
| Days on Market | 53 |
| Cumulative Days on Market | 53 |
| Taxes | $8,993 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.17 AC / 7,256 SF |
| County | King County |
Building Information for 1324 Jefferson Avenue Northeast
Stories2Residences4Year Built1963Building Size-Lot Size0.17 AC / 7,256 SF
Property Information for 1324 Jefferson Avenue Northeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Fenced-Partially
- Area: 350 - Renton/Highlands
- Effective Year Built Source: Public Records
- Directions: From I-405 S, take exit 5 and head east on Sunset Blvd. Turn left onto 12th St, then go two blocks and turn right onto Jefferson Ave NE. The property will be on your right
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: Yes
Exterior Features
- Exterior: Wood Products
- Roof: Torch Down
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5279.34
- Power Company: PSE
- Sewer Company: City of Renton
- Water Company: City of Renton
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: false
- MLS Square Footage Source: KCR
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1990
- Photos Count: 26
Lot Information
- Lot Details: Corner Lot, Paved, Sidewalk
- Lot Size Source: KCR
- Parcel Number Free Text: 7227801526
- Building Condition: Average
- Calculated Square Footage: 2756
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2756.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 1
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $613
- Total Expenses: 18229.55
- Gross Adjusted Income: 69000
- Gross Rent Multiplier: 15.94
- Gross Scheduled Income: $69,000
- Insurance Expense: $3,344
- Net Operating Income: $50,770
- Other Expenses: $0
- Total Monthly Income: 5750
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Rent Unit 1: $1,600.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Rent Unit 2: $1,600.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Rent Unit 3: $1,200.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Rent Unit 4: $1,300.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2756.0
- Leasable Area Units: Square Feet
Property History for 1324 Jefferson Avenue Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1324 Jefferson Avenue Northeast
Taxable ValueLand$137,800Additions$659,200Total$797,000
Tax Record2022$8,430 ($702 / month)
Home Facts
Total Finished SqFt2,800 SqFtAbove Ground SqFt2,800 SqFtStories2Lot Size7,256 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963Year Renovated1990ZoningR-14CountyKINGAPN722780-1526
Schools near 1324 Jefferson Avenue Northeast
This home is within Renton School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Sierra Heights Elementary School PublicK to 5 | ||
Mcknight Middle School Public6 to 8 | ||
Hazen Senior High School Public9 to 12 | ||
Griffin Home Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Windermere Bellevue Commons
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
