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Satara Townhouses 117 Wells Ave S 6 Unit Apartment Building $4,675,800 ($779,300/Unit) 7.38% Cap Rate Renton, WA 98057
INVESTMENT HIGHLIGHTS
- Prime Downtown Location
- Steps to dining, coffee, shopping, and transit
- Across from Riverfront Park & the River Walk
- High appreciation potential
EXECUTIVE SUMMARY
Investor Alert!
SATARA Townhouses — Mini-Suites Hotel | Downtown Renton’s Premier New Modern Mixed-Use Opportunity!
Boutique 6-unit luxury townhouse community with a street-front commercial office suite—perfect for live/work, boutique hotel, or income property. Exceptional potential for Airbnb, traveling-nurse stays, or turn-key hotel-style operation—no rental cap, no HOA restrictions, and ready for immediate income!
Each modern 2BD/2.5BA home showcases open-concept living, tall ceilings, oversized windows, designer kitchens with stainless appliances, and all appliances included—even washer & dryer! Bedrooms feature private en-suites, covered decks, and attached garages. The front commercial office (~566 SF) adds flexibility and long-term value.
Prime Downtown Location! Across from Riverfront Park & the River Walk—steps to dining, coffee, shopping, and transit.
Strong cash flow, high appreciation potential, and endless rental demand—a rare turn-key multifamily or boutique-hotel investment in Renton’s fastest-growing market.
Pricing:
• 4 units @ $759,800 each
• 2 premium units @ $799,850 each
Total Offering: 6 Units + 566 sqft Commercial Office
SATARA Townhouses — Mini-Suites Hotel | Downtown Renton’s Premier New Modern Mixed-Use Opportunity!
Boutique 6-unit luxury townhouse community with a street-front commercial office suite—perfect for live/work, boutique hotel, or income property. Exceptional potential for Airbnb, traveling-nurse stays, or turn-key hotel-style operation—no rental cap, no HOA restrictions, and ready for immediate income!
Each modern 2BD/2.5BA home showcases open-concept living, tall ceilings, oversized windows, designer kitchens with stainless appliances, and all appliances included—even washer & dryer! Bedrooms feature private en-suites, covered decks, and attached garages. The front commercial office (~566 SF) adds flexibility and long-term value.
Prime Downtown Location! Across from Riverfront Park & the River Walk—steps to dining, coffee, shopping, and transit.
Strong cash flow, high appreciation potential, and endless rental demand—a rare turn-key multifamily or boutique-hotel investment in Renton’s fastest-growing market.
Pricing:
• 4 units @ $759,800 each
• 2 premium units @ $799,850 each
Total Offering: 6 Units + 566 sqft Commercial Office
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$342,000
|
$29.75
|
| Other Income |
$1,200
|
$0.10
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$343,200
|
$29.86
|
| Taxes |
$18,000
|
$1.57
|
| Operating Expenses |
$30,000
|
$2.61
|
| Total Expenses |
$48,000
|
$4.18
|
| Net Operating Income |
$295,200
|
$25.68
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $342,000 |
| Annual Per SF | $29.75 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.10 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $343,200 |
| Annual Per SF | $29.86 |
| Taxes | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $1.57 |
| Operating Expenses | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $2.61 |
| Total Expenses | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $4.18 |
| Net Operating Income | |
|---|---|
| Annual | $295,200 |
| Annual Per SF | $25.68 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Views
- Wi-Fi
- Family Room
- Island Kitchen
SITE AMENITIES
- Storage Space
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 4 | $3,500 | 1,430 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 000720-0168 | Total Assessment | $267,200 (2024) |
| Land Assessment | $267,200 (2024) | Annual Taxes | $18,000 ($1.57/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
000720-0168
Land Assessment
$267,200 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$267,200 (2024)
Annual Taxes
$18,000 ($1.57/SF)
Tax Year
2025
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Satara Townhouses | 117 Wells Ave S
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