1409 Monroe Avenue Northeast

Renton, WA 98056

$1,400,000
Price
Beds
2,090 Sq. Ft.
$670 / Sq. Ft.
2,090
Sq. Ft.
$670
per Sq. Ft.

Description

This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $45,600 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000...This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $45,600 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!
  1. Listed by Brian Richards • Redfin

Property Details for 1409 Monroe Avenue Northeast

Community Name
Renton
School District
Renton
Number of Assigned Spaces
2
Total Covered Parking
3
Entry Date
08-05-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:13 AM

Property Details for 1409 Monroe Avenue Northeast

StatusActive
MLS #2272635
Days on Market104
Cumulative Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.50 AC / 21,780 SF
CountyKing County

Building Information for 1409 Monroe Avenue Northeast

Stories1Residences3Year Built1942Building Size-Lot Size0.50 AC / 21,780 SF

Property Information for 1409 Monroe Avenue Northeast

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 350 - Renton/Highlands
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: From Sunset Blvd NE, south on Monroe Ave NE. On 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: 1.0
  • 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
  • Cooling: Yes
  • Cooling: Heat Pump
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: Yes
Exterior Features
  • Exterior: Wood
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • MLS Square Footage Source: Realist- Buyer to Verify
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 13
Lot Information
  • Lot Size Source: Realist- Buyer to Verify
  • Parcel Number Free Text: 0423059104
  • Calculated Square Footage: 2090
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2090.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Common Interest: Multi-Family
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 1
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 0
  • Gross Adjusted Income: 50400
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $50,400
  • Insurance Expense: $0
  • Net Operating Income: $50,400
  • Other Expenses: $0
  • Total Monthly Income: 4200
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2090.0
  • Leasable Area Units: Square Feet

Property History for 1409 Monroe Avenue Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1409 Monroe Avenue Northeast

Taxable ValueLand$631,000Additions$190,000Total$821,000
Tax Record2022$8,104 ($675 / month)
Home Facts
Beds3Baths3Total Finished SqFt880 SqFtAbove Ground SqFt880 SqFtStories1Lot Size21,780 SqFtStyleSingle Family ResidenceYear Built1942ZoningCVCountyKINGAPN042305-9104

Schools near 1409 Monroe 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
Honey Dew Elementary School
PublicK to 5

Vera Risdon Middle School
Public6 to 8

Renton 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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1409 Monroe Avenue Northeast is a multi-family home for sale in Renton, WA 98056. This property was listed for sale on August 5, 2024 by Redfin, it's currently listed at $1,400,000. It has been on the market for a total of 104 days and was last sold on June 16, 2023. This listing's school district is Renton School District. Nearby schools include Honey Dew Elementary School, Vera Risdon Middle School and Renton Senior High School. 1409 Monroe Avenue Northeast is a 0-bed, 0-bath, 2,090 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin

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.