16240 114th Avenue SE
Renton, WA 98055
2434 sqft | 0.29 acres | #2327598
Description
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.
Property Details
- Exterior FeaturesCable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking
- InteriorLaminate Hardwood, Wall to Wall Carpet
- Exterior MaterialsMetal/Vinyl, Wood
- High SchoolLindbergh Snr High
- Date ListedJanuary 24, 2025
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style53 - Tri-plex
- Property TypeMulti-Family
- Elementary SchoolCascade Elem
- Property SubtypeMulti-Family
- ViewTerritorial
- SubdivisionBenson Hill
- Middle SchoolNelsen Mid
- Original List Price$899,500
- MLS #2327598
- MLS #2327598
- Structure TypeTriplex
- Property ConditionAverage
- Acres0.2938
- Utility SourcePublic
- School DistrictRenton
- Taxes Annual$5,051
- Cost899500
- Lot DescriptionPaved
- Square Feet2434
- Year Built1952
- CountyKing
- Days on Market (Cumulative)12
- Stories2
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-02-01 20:39:09. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Michael J. Ross (#NWM104489)
Listing Office: KW Greater Seattle (#NWM317)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
