412 Mill AVE S, Renton, WA 98057
412 Mill AVE S, Renton, WA 98057
412 Mill AVE S, Renton, WA 98057
412 Mill AVE S, Renton, WA 98057
412 Mill AVE S, Renton, WA 98057
412 Mill AVE S, Renton, WA 98057
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Ashley DiFalco

Ashley DiFalco

+1(360) 206-3306
Listed by:Westlake Associates, Inc. • David W Petersen
$ 1,550,000
Est. payment | /mo

8 Beds

8 Baths

5,196 SqFt

Save
$ 1,550,000
Est. payment | /mo
Save

8 Beds

8 Baths

5,196 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,196 sqft

Price per Sqft $298

Subdivision Renton

MLS Listing ID 2566463

Style 55 - 5-9 Units

Bedrooms 8

Year Built 1966

Annual Tax Amount $17,505

Lot Size 5,090 Sqft

Property Sub-Type Multi Family

Property Description

Mill Avenue Apartments is a low-maintenance 8-unit multifamily in-vestment well suited for a private investor. The property offers eight 1-bedroom / 1-bath corner units (±649 SF), four of which include in-unit washer and dryer, along with common laundry on-site. It is located on a quiet hilltop street with excellent territorial views and sits a stone's throw from downtown Renton, with convenient access to downtown Seattle's CBD. Built in 1966 with a low-maintenance brick facade and a full EPDM roof replacement in 2017, the asset is offered at $1,550,000 ($193,750 per unit). Current rents sit below market, providing clear upside with limited capital required and an easily achievable market cap rate of 6.41%. Demand is supported by Boeing's approximately 12,600-person Renton workforce, Blue Origin's Kent operations, and the broader Kent Valley employment base of over 230,000 jobs. The property features simple operations and convenient access to freeways, Sea-Tac Airport, parks, and everyday amenities.

Location

State WA

County King

Area 340 - Renton/Benson Hill

Interior

Flooring Ceramic Tile, Vinyl Plank

Fireplace false

Exterior

Exterior Feature Brick, Wood

Amenities Available Fenced-Partially

View Y/N Yes

View Partial, Territorial

Roof Type Flat

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Renton

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Ashley DiFalco

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 206-3306

ashandcohomes@gmail.com

7700 NE Parkway Dr, Vancouver, WA, 98662

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412 Mill AVE S