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.
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The median home value in Renton, WA is $606,250. This is lower than the county median home value of $793,300. The national median home value is $338,100. The average price of homes sold in Renton, WA is $606,250. Approximately 50.3% of Renton homes are owned, compared to 45.11% rented, while 4.59% are vacant. Renton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Renton real estate agent to arrange a tour today!
Renton, Washington 98055 has a population of 105,313. Renton 98055 is less family-centric than the surrounding county with 31.15% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Renton, Washington 98055 is $84,374. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Renton 98055 is 36.2 years.
The average high temperature in July is 76 degrees, with an average low temperature in January of 36.2 degrees. The average rainfall is approximately 43.6 inches per year, with 5.6 inches of snow per year.