421 Wells Avenue S, Renton, WA 98057
- $800,000
- 2,310
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Keller Williams Rlty Bellevue.
- Sold Price
- $800,000
- List Price
- $825,000
- Status
- SOLD
- MLS#
- 2494406
- Closing Date
- Jun 10, 2026
- Days on Market
- 56
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,310
- Area Total SqFt
- 2310
- Annual Tax Ammount
- 2297.61
- Lot Size (sq ft)
- 5,750
- Sewer
- Sewer Connected
Property Description
Amazing opportunity to own an extremely versatile triplex in this unbeatable Downtown Renton location. Walkscore is 93 and also includes 5 parking spaces for commuters. This property features two 1-bedroom, 1-bath units, on the main floor with a 2-bedroom, 1-bath upstairs, offering exceptional flexibility for investors, multi-generational living, or an owner-occupied setup with rental income. Each unit is move-in ready with recent updates for tenants and owner-occupants alike! Showcasing bright, spacious layouts with walk-in closets and separate utilities. Tons of storage inside and out. Serene back patio area is fully fenced and feels like a peaceful oasis! Parks, transit, dining, and shopping are a short walk away. Perfect for investors or owner-occupants. Commuters enjoy 20 minutes to Bellevue and 10 minutes to the airport. This triplex delivers both lifestyle and long-term value. A must see opportunity!
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Additional Information
- List Date
- 2026-04-15 00:00:00
- Community
- Downtown
- Net Operating Income
- $56,052
- Gross Adjusted Income
- $63,270
- Gross Scheduled Income
- $66,600
- Total Monthly Income
- $5,550
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $3,720
- Gross Rent Multiplier
- 12.88
- Total Expenses
- $7,217
- Cap Rate
- 6.5
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 421
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1978
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Outbuildings, Patio
- Energy Source
- Electric
- School District
- Renton
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,550
- Gross Scheduled Income
- $66,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $63,270
- Tax Year
- 2025
- Insurance Expense
- $1,200
- W/S/G Expenses
- $3,720
- Total Expenses
- $7,217
- Net Operating Income
- $56,052
- Gross Rent Multiplier
- 12.88
- Cap Rate
- 6.5
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.