1409 Monroe Ave NE
Renton WA 98056-3314
1409 Monroe Avenue NE
1409 Monroe Ave NE Renton WA 98056-3314
Listing #: 703604 | Status: Available | Last Modified: 3/13/2026 |
For Sale
- Phone:(425) 766-6619
- Email:team@ho-realty.com
- Office Name:Berkshire Hathaway Home Services Northwest Real Estate
- Office Phone:(206) 243-8883
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,380,000.0
- $/SF$ 1,380.0
- $/lot sf$ 63.4
- $/Unit$ 460,000.0
- Listing StatusAvailable
- Days on Market205
- Asset ClassMulti-Family, Land
- Terms
- Investment Type
- Investment PropYes
- Gross Income50,400
- Vacancy Factor %3.00%
- Operating Expenses9,848
- Net Operating Income39,040
- CAP Rate 2.94 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Topography
- Total Units3
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 2.94 %
- Building StatusExisting
- # of Buildings3
- # of Floors1
- # of Units3
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF2090
- Net Rentable Area1000
- Total Office SF
- Largest Contiguous SF880
- Lot SF21780
- Acres0.5
- Property TypeLand
- Office Type
- InvestmentYes
- Building ClassC
- CountyKing
- VicinityRenton Highlands
- Location Description
- Second Address
- Cross StreetSunset Blvd/SR900
- Market AreaRenton
- Tax ID #0423059104
- Additional Parcels
- ZoningCV
- # Covered Spaces4
- # Uncovered Spaces6
- Total Parking Spots10
- Parking Ratio3.3/1000sf
- Year Built1942
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Land Development Opportunity
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!
This Center Village Zone expects upcoming deliveries of 108-unit & 600-unit new apartments within 2-4 years.
