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Image 1 - 534 Smithers Ave S, Renton, Washington, 98057 - House for sale
Image 2 - 534 Smithers Ave S, Renton, Washington, 98057 - House for sale
Image 3 - 534 Smithers Ave S, Renton, Washington, 98057 - House for sale
Image 4 - 534 Smithers Ave S, Renton, Washington, 98057 - House for sale
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Image 9 - 534 Smithers Ave S, Renton, Washington, 98057 - House for sale
Home For Sale In Renton, Washington
534 Smithers Ave S, Renton, Washington, 98057

Home For Sale In Renton, Washington

house for sale
Listed: 05/17/24

534 Smithers Ave S, Renton, Washington, 98057

Studio Bed:
2,739 Sq Ft Living Area:
Save
Price
$ 985,000

About This House

Rare 4-plex available in Renton. Great location-great tenants. Close to freeways/shopping/restaurants/etc. Lots of work done over the last few years incl new roof in 2021, exterior repairs and full ext paint in 2023, remodel of unit A in2023/2024 (drove vacancy). Recent improvements (and vacancy) skewing NOI/Cap Rate/etc. from last few years. Long-term tenants in units B, C and D (below market rents). Expect long-term for new tenant in A. Units B and C in good condition. Unit D needs a lot of work, but current tenant content as-is for lower rent (also maintains lawn). Keep as is or bring your ideas. Unit B available for showings w/2-hr min notice - other 3 units shown upon mutual. No sign. Please do not disturb tenants.

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Renton Housing & Living

Household Income

Median household income: $70,661
Number of households: 38,563
The average household income in Renton, WA grew from $66,050 to $70,661 in the past year. This data is an estimate based upon 38,563 households in Renton, WA.
The chart below presents how household income is distributed in Renton, WA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Renton, WA compared to median property taxes around the country. The prevalent amount of property taxes in Renton, WA equals $3k+ , which is more than the national average.