Sold
Last Sold Price
6 beds13 baths6,735 sqft

1003 N 1st St, Renton, WA 98057

Multi FamilyProperty Type
0.16 acresLot Size
1929Year Built
$215/sq ftPrice per sq ft

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...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.
  • Listed by: Tanner Fogle 206.623.8880 Tanner@paragonrea.com • Paragon Real Estate Advisors
  • Listed by: Rowan Davis 206.406.9105 Rowan@ParagonREA.com • Paragon Real Estate Advisors
Listing closed: 09/04/2026 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2526901
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Location

Listing Courtesy of Paragon Real Estate Advisors

Sold By Paragon Real Estate Advisors

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$10,169 per month

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Principal and Interest

$7,741

Property Taxes

$2,428

HOA Dues

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Property Information for 1003 North 1st Street

Property Details

  • Taxes: $29,135 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Renton
  • School District: Renton
  • Number of Assigned Spaces: 0
  • Total Covered Parking: 0
  • Entry Date: 05-20-2026
  • Energy Source: Electric
  • Sewer: Sewer Connected

Building Information

  • Stories: 3
  • Residences: 13
  • Year Built: 1929
  • Lot Size: 0.16 AC / 6,760 SF

Summary

Location and General Information
  • Style: 56 - 10+ Units
  • Area: 350 - Renton/Highlands
  • Directions: Get on I-5 S. Take exit for I-405 S. Exit towards Ranier Ave S. Turn right onto N 3rd St. Turn right onto Williams Ave N. Turn left onto N 1st St. Destination is on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No

Interior and Exterior Features

Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Carpet
  • Amenities: Basement
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Furnace
Exterior Features
  • Exterior: Brick
  • Roof: Flat

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 17335
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 21
Lot Information
  • Lot Size Dimensions: 6,760
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 72240000040
  • Calculated Square Footage: 6735
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6735.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Multi Family

Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 13
  • Units Below Grade: false
  • Units In Building Total: 13
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 91234
  • Gross Adjusted Income: 189169
  • Gross Rent Multiplier: 7.67
  • Gross Scheduled Income: $198,952
  • Insurance Expense: $8,596
  • Net Operating Income: $97,936
  • Other Expenses: $36,168
  • Total Monthly Income: 16579
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 380
  • Rent Unit 1: $1,030.00
  • Bedrooms Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 101
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 730
  • Rent Unit 2: $1,220.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 102
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 730
  • Rent Unit 3: $1,220.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 103
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 415
  • Rent Unit 4: $1,390.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 104
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 415
  • Rent Unit 5: $1,257.00
  • Bedrooms Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 105
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 575
  • Rent Unit 6: $1,250.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 106
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 400
  • Rent Unit 7: $1,287.00
  • Bedrooms Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 201
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 730
  • Rent Unit 8: $1,220.00
  • Bedrooms Unit 8: 1
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 202
  • Washer/Dryer Unit 9: false
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: false
  • Square Feet Unit 9: 730
  • Rent Unit 9: $1,403.00
  • Bedrooms Unit 9: 1
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 203
  • Washer/Dryer Unit 10: false
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: false
  • Square Feet Unit 10: 415
  • Rent Unit 10: $1,300.00
  • Bedrooms Unit 10: 0
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 204
  • Washer/Dryer Unit 11: false
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: false
  • Square Feet Unit 11: 415
  • Rent Unit 11: $1,288.00
  • Bedrooms Unit 11: 0
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 205
  • Washer/Dryer Unit 12: false
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Dishwasher Unit 12: false
  • Square Feet Unit 12: 400
  • Rent Unit 12: $1,220.00
  • Bedrooms Unit 12: 0
  • Bathrooms Unit 12: 1
Unit 13
  • Name Unit 13: 206
  • Washer/Dryer Unit 13: false
  • Range/Oven Unit 13: true
  • Refrigerator Unit 13: true
  • Dishwasher Unit 13: false
  • Square Feet Unit 13: 400
  • Rent Unit 13: $1,220.00
  • Bedrooms Unit 13: 0
  • Bathrooms Unit 13: 1

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6735.0

Property History for 1003 North 1st Street

DateEvent & SourcePriceAppreciation
Sep 4, 2026

Sold

NWMLS #2526901

$1,450,000—
Jun 11, 2026

Pending

NWMLS #2526901

—
May 20, 2026

Listed (Active)

NWMLS #2526901

$1,450,000—
DateEvent & SourcePrice
09/04/2026

Sold

NWMLS #2526901

$1,450,000
06/11/2026

Pending

NWMLS #2526901

—
05/20/2026

Listed (Active)

NWMLS #2526901

$1,450,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1003 North 1st Street

Taxable Value

Land

$240,000

Additions

$2,152,000
Total$2,392,000

Tax Record

2026

$26,534 ($2,211 / month)

Home Facts

Total Finished SqFt

7,383 SqFt

Above Ground SqFt

7,383 SqFt

Stories

2

Lot Size

6,760 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1929

Year Renovated

1994

Zoning

R-10

County

KING

APN

722400-0040

Schools near 1003 North 1st Street

This home is within Renton School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Highlands Elementary School
PublicK to 5

Vera Risdon Middle School
Public6 to 8

Renton Senior High School
Public9 to 12

Sartori Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paragon Real Estate Advisors

Based on information submitted to the MLS GRID as of 10/05/2026 04:01 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.