MLS #2535935 / Listing provided by NWMLS & Windermere Real Estate/PSR Inc.
$995,000
320 Williams Avenue N
Renton,
WA
98057
Beds
Baths
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Total Bedrooms: 4
- Main Level Bedrooms: 4
- Lower Level Bedrooms: 0
- Upper Level Bedrooms: 0
Bathrooms
- Total Bathrooms: 3
- Half Bathrooms: 0
- Three-quarter Bathrooms: 1
- Full Bathrooms: 2
- Full Bathrooms in Garage: 0
- Half Bathrooms in Garage: 0
- Three-quarter Bathrooms in Garage: 0
Fireplaces
- Total Fireplaces: 1
- Main Level Fireplaces: 1
Water Heater
- Water Heater Location: Closet
- Water Heater Type: Electric
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage: Yes
- Garage Attached: No
- Parking Features: Driveway, Detached Garage
- Parking Total: 5
- Total Uncovered Parking Spaces: 4
Structure
- Roof: Composition
- Exterior Features: Wood, Wood Products
- Foundation: Pillar/Post/Pier
Lot Details
- Lot Features: Curbs, Sidewalk
- Acres: 0.1834
- Foundation: Pillar/Post/Pier
Schools
- High School District: Renton
Transportation
- Nearby Bus Line: true
Lot Details
- Lot Features: Curbs, Sidewalk
- Acres: 0.1834
- Foundation: Pillar/Post/Pier
Power
- Energy Source: Electric
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: City of Renton
- Sewer: Sewer Connected
- Water Company: City of Renton
- Water Source: Public
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