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436 Wells Ave N 2 Unit Apartment Building $845,000 ($422,500/Unit) 7.53% Cap Rate Renton, WA 98057
INVESTMENT HIGHLIGHTS
- Spacious Detached Dwelling Unit
- Beautiful Hardwood Floors
EXECUTIVE SUMMARY
Unique 2-unit Property: Main Home + DADU! Ideal for owner-occupants seeking substantial rental income or savvy investors eying future development. Live in one beautifully updated unit and rent the other, or rent both for excellent cash flow. Currently generating $5300/mo in rent. This property features a high-end remodel with designer tile work, modern heating & AC, and glowing hardwoods. It sits on a level, double lot with mature landscaping, perfectly situated between downtown Renton and the Renton Landing. A standout feature is the proximity to multi-family zoning, offering exciting future development potential. A fantastic opportunity for flexible living or a prime investment with upside!
PROPERTY FACTS
| Price | $845,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $422,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.53% | Building Size | 2,470 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1937/2020 |
| Property Subtype | Apartment | ||
| Zoning | R-8 | ||
| Price | $845,000 |
| Price Per Unit | $422,500 |
| Sale Type | Investment |
| Cap Rate | 7.53% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,470 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1937/2020 |
| Zoning | R-8 |
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Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (84)
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436 Wells Ave N
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