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$450,000
3 Beds ⋅ 1 Baths ⋅ 2586777 MLS ⋅ ACTIVE Status
Rare opportunity in Downtown Renton! This corner-lot property has been freshly updated with new flooring throughout and a fresh coat of paint, offering a clean feel from the moment you walk in, while still leaving room to make it your own. A detached garage, a true rarity for this neighborhood, adds valuable flexibility beyond just parking or storage, with future DADU potential for rental income, a home office, or multigenerational living. The large backyard offers even more room to grow, entertain, or expand. Buyers looking to build sweat equity can take this solid foundation and put their own stamp on it, whether that's updating the kitchen, reimagining the layout, or tackling projects at their own pace. Ideal for buyers wanting a fresh start with added upside, or investors drawn to the rare combination of a garage with expansion potential in a high-demand Downtown Renton location. Truly an amazing starter home! Enjoy the convenience of being close to everything: Renton Transit Center, Downtown Renton shopping and dining, The Landing, parks, and easy access to I-405 and SR-167 for commuters heading throughout the greater Seattle area. This corner-lot property with a rare garage and room to build equity won't last.

501 Smithers Avenue S, Renton

Listing Broker: Rain Town Realty + JPAR; Shaun Sierts; 425-736-8482; shaun.sierts@raintownrealty.com

$1,220,000
2484138 MLS ⋅ ACTIVE Status
Extensively renovated fourplex on a spacious 8,250-sq-ft corner lot in the heart of downtown Renton. The 2,930-sq-ft building offers two 2-bedroom/1-bath units and two 1-bedroom/1-bath units—an excellent setup for an investor or an owner-occupant seeking rental income. Major improvements include a new roof and gutters, plumbing and electrical updates, a tankless hot-water system, new attic and crawl-space insulation, and updated kitchens, bathrooms, flooring, and appliances. The property also features a garage, storage lockers, and parking for up to five vehicles; and plenty of additional parking. Currently operated as an short-term rental for little over two years with first year gross rental revenue of $136,950 and second year gross rental of $140,032. The current cap rate is 6.8%. Financial records are available upon request, with additional income-growth potential. With a Walk Score of 97, the property is close to downtown restaurants, shopping, transit, The Landing, Renton Municipal Airport, Boeing, Valley Medical Center, the Seahawks Training Facility, and Alaska Airlines’ training center. Convenient access to I-405 and I-5, with SeaTac Airport, Seattle, and Bellevue all within easy reach.

621 Houser Way S, Renton

Listing Broker: Best Choice Realty LLC; Craig Ruden; 425-830-1438; craigruden@hotmail.com

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