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1409 Monroe Avenue NE
1409 Monroe Ave NE Renton WA 98056-3314
Listing #: 703604 | Status: Available | Last Modified: 3/13/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 50,400 |
| Vacancy Factor % | 3.00% |
| Operating Expenses | 9,848 |
| Net Operating Income | 39,040 |
| CAP Rate | 2.94 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 3 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 2.939 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 3 |
| # of Floors | 1 |
| # of Units | 3 |
| Total Building SF | 2,090 SF |
| Net Rentable Area | 1,000 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 880 SF |
| Lot SF | 21,780 SF |
| Acres | 0.5 |
| Year Built | 1942 |
| Property Type | |
|---|---|
| Property Type | Land |
| Investment | Yes |
| Building Class | C |
| Location | |
|---|---|
| County | King |
| Vicinity | Renton Highlands |
| Cross Street | Sunset Blvd/SR900 |
| Market Area | Renton |
| Tax ID # | 0423059104 |
| Zoning | CV |
| Parking Information | |
|---|---|
| #Covered Spaces | 4 |
| # Uncovered Spaces | 6 |
| Total Parking Spots | 10 |
| Parking Ratio | 3.3/1000sf |
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.
1409 Monroe Avenue NE
1409 Monroe Ave NE Renton WA 98056-3314
Listing #: 703604 | Status: Available | Listing Date: 10/10/2025 | Last Modified: 3/13/2026 | Email Listing
For Sale
1409 Monroe Avenue NE
