16240 114th Avenue Southeast

Renton, WA 98055

$899,500
Price
6
Beds
3
Baths
2,434 Sq. Ft.
$370 / Sq. Ft.
2,434
Sq. Ft.
$370
per Sq. Ft.

Description

This exceptional rental property offers incredible potential in an outstanding location. The main home is a beautifully remodeled 3-bedroom rambler that combines style and comfort. On a spacious 12,800 sq. ft. lot, the property also features a second home at the back, which includes a large, updated upstairs loft. Rambler & loft currently rented. With a current cap rate of approximately 5%, this investment is already performing well. However, the downstairs of the back home presents an incredible...This exceptional rental property offers incredible potential in an outstanding location. The main home is a beautifully remodeled 3-bedroom rambler that combines style and comfort. On a spacious 12,800 sq. ft. lot, the property also features a second home at the back, which includes a large, updated upstairs loft. Rambler & loft currently rented. With a current cap rate of approximately 5%, this investment is already performing well. However, the downstairs of the back home presents an incredible opportunity. The nearly 1,000 sq. ft. space, configured as a two-bedroom, one-bathroom unit, has completed framing, electrical, and plumbing. It’s ready for drywall and finishing touches, allowing you to unlock even greater rental potential.
  1. Listed by Michael J. Ross • KW Greater Seattle

Property Details for 16240 114th Avenue Southeast

Community Name
Benson Hill
School District
Renton
View
Territorial
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
01-24-2025
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 02/01/2025 12:39 PM

Property Details for 16240 114th Avenue Southeast

StatusActive
MLS #2327598
Days on Market25
Cumulative Days on Market25
Taxes$5,051 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.29 AC / 12,800 SF
CountyKing County

Building Information for 16240 114th Avenue Southeast

Stories2Residences3Year Built1952Building Size-Lot Size0.29 AC / 12,800 SF

Property Information for 16240 114th Avenue Southeast

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking
  • Area: 340 - Renton/Benson Hill
  • Elementary School: Cascade Elem
  • Middle Or Junior School: Nelsen Mid
  • High School: Lindbergh Snr High
  • Directions: I-405 N toward Renton, exit 2 onto SR-167 S, left on Rainier Ave S, right Rainier Ave S, right on Grady, right Talbot Rd S, left S Puget Dr, right Benson, left 108th, right SE 164th, left 114th Ave SE
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 0.0
  • Open Parking: No
  • Parking Features: RV Parking
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: Laminate, Vinyl, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl, Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: MLS
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 28
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 63" by 197'
  • Lot Size Source: Realist
  • Parcel Number Free Text: 008800-0192
  • Building Condition: Average
  • Calculated Square Footage: 2434
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2434.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 6051
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $48,000
  • Insurance Expense: $0
  • Net Operating Income: $46,040
  • Other Expenses: $1,000
  • Total Monthly Income: 4000
  • 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: true
  • Square Feet Unit 1: 880
  • Rent Unit 1: $2,400.00
  • 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: false
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 600
  • Rent Unit 2: $1,600.00
  • Bedrooms Unit 2: 0
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: false
  • Refrigerator Unit 3: false
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 954
  • Rent Unit 3: $.00
  • Bedrooms Unit 3: 3
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2800.0
  • Leasable Area Units: Square Feet

Property History for 16240 114th Avenue Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 16240 114th Avenue Southeast

Taxable ValueLand$240,000Additions$244,000Total$484,000
Tax Record2024$5,051 ($421 / month)
Home Facts
Beds3Baths1Total Finished SqFt880 SqFtAbove Ground SqFt880 SqFtStories1Lot Size12,800 SqFtStyleSingle Family ResidenceYear Built1952ZoningR-6CountyKINGAPN008800-0192

Schools near 16240 114th Avenue Southeast

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 - K to 12
Rating
School
Distance
Cascade Elementary School
PublicK to 5

Nelsen Middle School
Public6 to 8

Lindbergh Senior High School
Public9 to 12

H.O.M.E. Program
PublicK 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.

Similar Homes

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16240 114th Avenue Southeast is a multi-family home for sale in Renton, WA 98055. This property was listed for sale on January 24, 2025 by KW Greater Seattle, it's currently listed at $899,500. It has been on the market for a total of 25 days and was last sold on August 24, 2018. This listing's school district is Renton School District. Nearby schools include Cascade Elementary School, Nelsen Middle School and Lindbergh Senior High School. 16240 114th Avenue Southeast is a 6-bed, 3-bath, 2,434 sqft multi-family home built in 1952.

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 KW Greater Seattle

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.