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Listed by:Paragon Real Estate Advisors • Tanner Fogle
$ 1,450,000
Est. payment /mo
New
1003 N 1st ST Renton, WA 98057
6 Beds
13 Baths
6,735 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,735 sqft
Price per Sqft $215
Subdivision Renton
MLS Listing ID 2526901
Style 56 - 10+ Units
Bedrooms 6
Year Built 1929
Annual Tax Amount $29,135
Lot Size 6,760 Sqft
Lot Dimensions 6,760
Property Sub-Type Multi Family
Property Description
This is a rare opportunity to acquire The Riverside Apartments, a classic building located at 1003 N 1st Street, just blocks from downtown Renton. This 13-Unit property offers investors the opportunity to own a character-rich multifamily property in a tightly held Renton location. The Riverside Apartments feature a mix of studio and one-bedroom units. Current in-place rents average $1,229 for studios and $1,284 for one-bedroom units, while comparable properties in Renton are achieving $1,350-$1,450 for studios and $1,400-$1,550 for one-bedrooms. This gap presents a clear opportunity for a new owner to capture meaningful rental upside through light interior renovations and operational improvements at an attractive price per unit. Ideally located just minutes from downtown Renton, The Landing, and Boeing's Renton facility, with immediate access to I-405, Highway 167, and the Cedar River Trail, the Riverside Apartments are strategically positioned in a high-demand rental corridor. The property offers a compelling combination of strong in-place income and clear rental upside, supported by a deep and stable employment base and continued demand for well-located housing in the area.
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Flooring Carpet
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Renton
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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