1409 Monroe Avenue Northeast
Renton, WA 98056
$1,380,000
Price
6
Beds
3
Baths
2,090 Sq. Ft.
$660 / Sq. Ft.
2,090
Sq. Ft.
$660
per Sq. Ft.
Listing provided courtesy of Redfin
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!
- Listed by Brian Richards • Redfin
- Listed by Stephanie Urquhart • Redfin
Property Details for 1409 Monroe Avenue Northeast
Community Name
Renton
School DistrictRenton
Number of Assigned Spaces2
Total Covered Parking3
Entry Date08-05-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 12/17/2024 09:36 AM
Property Details for 1409 Monroe Avenue Northeast
| Status | Active |
|---|---|
| MLS # | 2272635 |
| Days on Market | 135 |
| Cumulative Days on Market | 135 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1942 |
| Lot Size | 0.50 AC / 21,780 SF |
| County | King 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
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 880
- Rent Unit 1: $1,700.00
- Bedrooms Unit 1: 3
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 660
- Rent Unit 2: $1,400.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 550
- Rent Unit 3: $1,100.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2090.0
- Leasable Area Units: Square Feet
Property History for 1409 Monroe 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 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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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.
