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1409 Monroe Avenue NE

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1409 Monroe Avenue NE

1409 Monroe Ave NE, Renton, WA 98056
Multi-Family,Land For Sale Available Cap Rate 2.83% Built 1942 1 floors Zoning: CV
Asking Price
$1,380,000
Total Building2,090 SF
Available21,780 SF avail
Land21,780 SF land
Parking Total10
& Uncov.
MarketRenton
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
127926
Listing ID
703604
Type
Land
Asset Class
Multi-Family,Land
Zoning
CV

Description

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!

Listing Courtesy of:

JH
Joseph Ho
Berkshire Hathaway Home Services Northwest Real Estate
930 SW 152nd St.,
Burien, WA 98166
State: WA City: Renton ZIP: 98056 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.