Renton, WA 98056 1409 Monroe Avenue NE
$1,380,000
12 more
Presented By: Berkshire Hathaway HS NW and NWMLS
- MLS# 2430021
- 09/10/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,090
Home Details
This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!
Presented By: Berkshire Hathaway HS NW and NWMLS
Interior Features for 1409 Monroe Avenue NE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 1409 Monroe Avenue NE
Building Area UnitsSquare Feet
Cap Rate2.82
Carport Spaces1
Carport Y/NNo
CityRenton
CoolingNone
CountyKing
DirectionsGPS is accurate
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictRenton
Insurance Expense2000
Leasable Area2090
Listing TermsCash Out, Conventional
Lot Size Square Feet21780
Lot Size UnitsSquare Feet
MLS Area350 – Renton/Highlands
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-17T22:28:12.855Z
NWM_ShowMapLinkY
Net Operating Income39040
New ConstructionNo
Number Of Units Total3
Open Parking Spaces4
PossessionClosing
Property Style53 – Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThis exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50, 400 annually with potential to reach $73, 560. Investors can boost rental income to market rat
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeTriplex
Subdivision NameRenton
Tax Annual Amount7848
Tax Year2025
Units Below Gradefalse
Units In Building Total3
Water CompanyCity of Renton
Water Sewer Garbage0
Year Built1942
Exterior for 1409 Monroe Avenue NE
Building Area Total2090
Covered Spaces1
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Curbs, Sidewalk
Lot Size Acres0.5
Parking Uncovered Spaces4
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
Josh QA1
REALTOR ® SRES ®