Log In/Sign Up
Your email has been sent.
Renton 6 441 Smithers Ave S 6 Unit Apartment Building $1,200,000 ($200,000/Unit) 6.20% Cap Rate Renton, WA 98057
Executive Summary
Downtown Renton 6 unit – consisting of a turn-of-the-century duplex and a fourplex that was added to the lot in the 80’s. The building offers investors the opportunity to acquire a well-maintained, income-producing asset in a highly walkable location with stable day-one cash flow and additional future upside. Five of the six units have been fully renovated with LVP flooring, modern cabinetry, updated fixtures and quartz countertops, delivering an updated interior finish that aligns with current renter expectations while preserving additional upside in the remaining unit. Residents benefit from desirable amenities including private patios or decks, ample on-site parking, and community laundry facilities. New ownership can capitalize on strong in-place returns while continuing to optimize rents and operations in a supply-constrained submarket. Offered at an in-place 6.2% cap rate, Renton 6 presents a compelling investment opportunity combining strong in-place income, proven rental demand, and long-term hold potential in one of South King County’s most walkable and accessible locations.
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 9,600 SF |
| Cap Rate | 6.20% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1981/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-14 - Multi R-14 | ||
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2018 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | R-14 - Multi R-14 |
Amenities
Unit Amenities
- Balcony
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 784030-0020 | Improvements Assessment | $433,400 |
| Land Assessment | $369,600 | Total Assessment | $803,000 |
Property Taxes
Parcel Number
784030-0020
Land Assessment
$369,600
Improvements Assessment
$433,400
Total Assessment
$803,000
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Renton 6 | 441 Smithers Ave S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.