Listing provided courtesy of Best Choice Realty LLCNWMLSas Distributed by MLSGrid- MLS# NWM2484138MLS Provider

621 Houser Way SRenton, WA 98057

Multi-Family · 6 Beds · 2,930 Sq. ft. | 0.19 Acres
$1,285,000 Active

621 Houser Way S Overview

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Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.44! 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.

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621 Houser Way S Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,930
  • Price/Sq.ft. $439
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Renton
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 29370
  • Electric Expense: 4937
  • Fuel Expense: 0
  • Gross Scheduled Income: 135951
  • Insurance Expense: 6458
  • Net Operating Income: 82739
  • Total Expenses: 54212
  • Total Monthly Income: 11329
  • Water/Sewer/Garbage: 5547

Building Information

  • New Construction: No
  • Year Built: 1900

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 350 - Renton/Highlands
  • Subdivision Name: Downtown

Community/Development

  • Amenities: Storage

Tax Information

  • Tax Annual Amount: $7,900.00
  • Tax Year: 2024

General Information

  • Listing Terms: Cash, Conventional, FHA
  • Parcel Number: 7839300130
  • Possible Use: Multi-Family
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2930
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2930
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank
  • Foundation Details: Pillar/Post/Pier, Poured Concrete
  • Heating: Yes
  • Leasable Area: 2930
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Security Features: Partially Fenced
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 6
  • Parking Uncovered Total: 5

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.1894
  • Lot Size Dimensions: 8250
  • Lot Size Square Feet: 8250
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially, Gas Available, High Speed Internet, Patio
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 1
  • Exterior Features: Cement Planked, Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 3 Details

  • Actual Rent: 2266
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 2266
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 3424
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 3424
  • Beds Total: 2
  • Baths Total: 1

621 Houser Way S Neighborhood

Community

98057 (Renton) Demographics

38
Median Age
1,872
Population Density (per sq. mile)
45%
College Educated
$57,598
Estimated Median Income
1,334
Estimated Total Home Owners
4,377
Estimated Total Renters
23% / 77%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

621 Houser Way S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

621 Houser Way S Market Data

Based on the last 30 days in this zip code

$559,417
Average List Price
$391
Average Price per Square Foot
7
Properties Sold
63
Average Days on Market
32
Properties for Sale
Calculations provided by Reliance Network

621 Houser Way S History

Date Event Value Agent
4/23/2026Source: NWMLS Added to Database
April 23, 2026
4/23/2026Source: NWMLS Added to Database
April 23, 2026
12/1/2022Source: NWMLS Added to Database
December 01, 2022
6/20/2022Source: NWMLS Added to Database
June 01, 2021