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$995,000
4 Beds ⋅ 3 Baths ⋅ 2535935 MLS ⋅ ACTIVE Status
Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.

320 Williams Avenue N, Renton

Listing courtesy of Windermere Real Estate/PSR Inc.

$695,000
4 Beds ⋅ 2 Baths ⋅ 2500459 MLS ⋅ ACTIVE Status
Lovingly cared for 1930 Tudor-style home offers timeless charm, urban convenience, & rare future potential. Original details throughout, including coved ceilings, picture-frame molding, glass doorknobs, and leaded glass built-in buffet & tiled fireplace. The breakfast nook & dining room creates warm, inviting spaces for everyday living & entertaining. Featuring 4 bedrooms, den, & 2 bathrooms, the home boasts impeccable oak hardwood floors, double-insulated windows & cedar siding. The many updates include a newer furnace & heat pump (rare in a vintage 2-story home), 200-amp electrical panel, & interior/exterior paint two years new. With 2,070 sq ft of finished living space plus an 1,199 sq ft unfinished basement, the home offers flexibility & room to grow. The fully fenced lot with large patio creates a private oasis & opportunity for outdoor entertaining. There is ample parking with the 2-car garage, driveway & off-street parking. This property is minutes away from the Sounder Train Station, Pioneer Park, Meeker Elementary, Kalles Junior High School & Puyallup High School, Good Samaritan Hospital & numerous medical clinics. In addition to the home as a single-family residence, the parcel is zoned as an investment property that permits multifamily construction (studios, townhomes, condominiums, apartments, & other approved uses) within the City of Puyallup zoning requirements. A compelling choice for those seeking an urban lifestyle, charm, & long-term development options.

327 5th Street SW, Puyallup

Listing courtesy of Windermere Prof Partners.

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