About this home

Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.6! Revenue is growing with the use of Airbnb, VRBO, and Direct Booking. Business is growing. The fourplex with (2) two-bedroom units and (2) one bedroom one bathroom units are ideally situated in downtown Renton. Property is walking distance to restaurants, shopping, & coffee; and minutes to Boeing, The Landing Shopping Center, SeaTac Airport, and Coulon Beach. Large corner lot with garage, storage locker, and lot can park up to 5 vehicles. All units have been renovated. This listing is cross listed MLS #2484144. Also, perfect set up for new buyer to live in one of the units.

Location

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Basics

Property type: Multi Family
Style: 4-Plex
Stories: 2 stories
Condition: Good
Year built: 1900 (renovated 1984)
Building area: 2,930 sq ft
Lot size: 8,250 sq ft (0.19 acres)
County: King
MLS #: NWM2484138

Interior

Heating: Wall Furnace
Cooling: Window Unit(s)
Flooring: Vinyl Plank

Exterior & lot

Exterior features: Cement Planked, Wood
Roof: Composition
Foundation: Pillar/Post/Pier, Poured Concrete
Lot features: Curbs, Paved, Sidewalk
Waterfront: No

Parking

Parking spaces: 6
Garage: 1
Covered spaces: 1

Utilities

Water: Public
Sewer: Sewer Connected
Power: Electric, Natural Gas

Community & fees

Subdivision: Downtown
Property tax: $7,900 (2024)

Transaction

Original list price: $1,285,000 (2.7% price cut)
Listed on: Apr 23, 2026
Days on market: 150
Listing terms: Cash, Conventional, FHA
Possession: Closing

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Sale history

Earlier listings of this home on the MLS.

2026-04-23: Active$1,250,000
2023-02-10: Sold$830,000
2006-11-30: Sold$425,000

Schools

School district: Renton

Elementary: Buyer To Verify
Middle: Buyer To Verify
High: Renton Senior High School
SchoolDigger 1 star · Top 82% in WA

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Listing provided courtesy of: Best Choice Realty LLC

Listing agent: Craig Ruden.

Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-09-17.