1409 Monroe Avenue

Renton, WA 98056

About this property

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!

About this property

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!

Features and Additional Information

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$1,380,000 Active
2,090 SqFt

Presented By Coldwell Banker Best Homes

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Get in touch today! Phone: 1-360-437-2278
Brokerage
Redfin
1-253-201-3130
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Area Information

350 Renton | Highlands | King County | Renton

$ 1,380,000
This listing is play_arrow 94.4% higher than the average in the area
$ 710,000 in the area
2,090 SqFt
This listing is play_arrow 9.3% larger than the average in the area
1,912 SqFt in the area
$ 660 $/SqFt
This listing is play_arrow 77.7% more than the average in the area
$ 372 $/SqFt in the area
198 days on site
This listing is play_arrow 676.5% above the average in the area
26 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
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Listed By Brian Richards
Brokerage: Redfin

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