1503 Davis Avenue S, Renton, WA 98055
- $575,000
- 1,610
- SqFt
Listing courtesy of Pellego, Inc..
- List Price
- $575,000
- Status
- ACTIVE
- MLS#
- 2584400
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 1,610
- Area Total SqFt
- 1610
- Annual Tax Ammount
- 5413.94
- Lot Size (sq ft)
- 14,700
- Sewer
- Sewer Connected
Property Description
Exceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14,700 SF corner lot, zoned R-6, with excellent street frontage for future development. Keep the duplex as a rental while building, renovate and partition a second lot, or explore redevelopment potential including multiple homes & DADUs, or middle housing (buyer to verify). Potential territorial views with new two-story construction. Roof replaced in 2021. Both units are tenant occupied on month-to-month leases, offering flexibility for investors and builders. Rent is currently below market. Unit A has 2 bedrooms & 1 bathroom, while Unit B has 1 bedroom & 1 bathroom. Detached garage, basement storage, and city sewer. Seller is open to extended closing and builder-friendly terms—contact listing agent for details.
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Additional Information
- List Date
- 2026-09-18 01:43:11
- Community
- Talbot Hill
- Net Operating Income
- $16,469
- Gross Adjusted Income
- $27,600
- Gross Scheduled Income
- $27,600
- Total Monthly Income
- $2,300
- Insurance Expenses
- $2,103
- Water/Sewer/Garbage Expenses
- $3,380
- Gross Rent Multiplier
- 20.8
- Total Expenses
- $11,130
- Cap Rate
- 2.86
- Total Number of Units
- 2
- Unit Name
- 1503
- Potential Terms
- Conventional, FHA, Rehab Loan, USDA Loan, VA Loan
- Year Built
- 1938
- Roof
- Composition
- Other Expenses
- 233
- Energy Source
- Electric
- School District
- Renton
- Total Monthly Income
- $2,300
- Gross Scheduled Income
- $27,600
- Gross Adjusted Income
- $27,600
- Tax Year
- 2025
- Insurance Expense
- $2,103
- W/S/G Expenses
- $3,380
- Total Expenses
- $11,130
- Net Operating Income
- $16,469
- Gross Rent Multiplier
- 20.8
- Cap Rate
- 2.86
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.