$899,500
16240 114th Avenue SE, Renton, WA, 98055
Listing Courtesy of
KW Greater Seattle
16240 114th Avenue SE, Renton, WA 98055
This exceptional rental property offers incredible potential in an outstanding location. The main home is a beautifully remodeled 3-bedroom rambler that combines style and comfort. On a spacious 12,800 sq. ft. lot, the property also features a second home at the back, which includes a large, updated upstairs loft. Rambler & loft currently rented. With a current cap rate of approximately 5%, this investment is already performing well. However, the downstairs of the back home presents an incredible opportunity. The nearly 1,000 sq. ft. space, configured as a two-bedroom, one-bathroom unit, has completed framing, electrical, and plumbing. It’s ready for drywall and finishing touches, allowing you to unlock even greater rental potential.
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PROPERTY DETAILS
- Mls Id2327598
- StatusActive
- AreaBenson Hill
- Foundation DetailsPoured Concrete
- FlooringLaminate, Vinyl, Carpet
- CarportNo
- CityRenton
- CountyKing
- Exterior FeaturesMetal/Vinyl, Wood
- FireplaceNo
- High School DistrictRenton
- Interior FeaturesLaminate Hardwood, Wall to Wall Carpet
- Living Area0 Square Feet
- Lot FeaturesPaved
- Lot Acres0.2938
- Lot Square Feet12800
- New ConstructionNo
- Parking FeaturesRV Parking
- Zip Code98055
- Property TypeMulti-Family
- RoofComposition
- SewerSewer Connected
- WaterfrontNo
- Water SourcePublic
- Year Built1952
- Checked For Updates2025-02-21 23:01:36 PST
Based on information submitted to the MLS GRID as of 2025-02-21 23:01:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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