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(206) 475-0254
Real Estate Company
107 Williams Avenue S, Renton, WA 98057
- $3,250,000
- 7,705
- SqFt
Listing Broker: Berkshire Hathaway HS NW; Martin J. Ho; 425-499-8909; team@ho-realty.com
- List Price
- $3,250,000
- Status
- ACTIVE
- MLS#
- 2595167
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 7,705
- Area Total SqFt
- 7705
- Annual Tax Ammount
- 20039
- Lot Size (sq ft)
- 17,250
- Sewer
- Sewer Connected
Property Description
Premier Downtown Renton Development Opportunity – Fully Entitled Shovel Ready 72-Unit Multifamily Site on 3-parcel Assemblage. Exceptional opportunity to acquire a premier 17,250sqft (0.40-acre) redevelopment site in the heart of Downtown Renton. Zoned CD (Center Downtown), this shovel-ready development opportunity includes plans for a 72-unit multifamily apartment community, positioning developers to capitalize on one of the Puget Sound region's fastest-growing urban markets. Designed to meet today's rental demand, the proposed project features 56 studio apartments, 14 two-bedroom units, and 2 three-bedroom units, creating an efficient unit mix. Located just steps from transit, restaurants, retail, banks, parks, and everyday amenities, the property offers exceptional walkability and connectivity. Residents will enjoy easy access to major highways, employment centers, schools, healthcare, and regional transit, making this an ideal location for long-term rental demand. The surrounding neighborhood continues to experience significant public and private investment, with new mixed-use and multifamily developments transforming Downtown Renton into one of the Eastside's most dynamic urban centers. With a $45,138 per unit price, this offering presents a rare opportunity to secure a high-density infill development site in a market characterized by limited land availability, strong apartment absorption, and continued population and employment growth.
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Additional Information
- List Date
- 2026-11-04 01:58:15
- Community
- Downtown Renton
- Net Operating Income
- $122,876
- Gross Adjusted Income
- $147,915
- Gross Scheduled Income
- $155,700
- Total Monthly Income
- $12,975
- Insurance Expenses
- $5,000
- Gross Rent Multiplier
- 20.87
- Total Expenses
- $25,039
- Cap Rate
- 3.78
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 107
- Potential Terms
- Cash, Conventional
- Year Built
- 1957
- Roof
- Composition, Flat
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Renton
- Total Monthly Income
- $12,975
- Gross Scheduled Income
- $155,700
- Vacancy Rate
- 5
- Gross Adjusted Income
- $147,915
- Tax Year
- 2026
- Insurance Expense
- $5,000
- Total Expenses
- $25,039
- Net Operating Income
- $122,876
- Gross Rent Multiplier
- 20.87
- Cap Rate
- 3.78
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 is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.