1003 N 1st St

Renton, WA 98057

$1,450,000
Price
6
Beds
13
Baths
6,735 Sq. Ft.
$215 / Sq. Ft.
6,735
Sq. Ft.
$215
per Sq. Ft.
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Listing provided courtesy of Paragon Real Estate Advisors
Source: Northwest MLS

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.
  1. Listed by Tanner Fogle • Paragon Real Estate Advisors
    P: (206)-623-8880 Tanner@paragonrea.com
  2. Listed by Rowan Davis • Paragon Real Estate Advisors
    P: (206)-623-8880 Rowan@ParagonREA.com

Property Details for 1003 North 1st Street

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
LISTING UPDATED: 05/20/2026 01:29 PM

Property Details for 1003 North 1st Street

StatusActive
MLS #2526901
Days on Market14
Cumulative Days on Market14
Taxes$29,135 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.16 AC / 6,760 SF
CountyKing County
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Location

Listing Courtesy of Paragon Real Estate Advisors
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Building Information for 1003 North 1st Street

Stories3Residences13Year Built1929Building Size-Lot Size0.16 AC / 6,760 SF

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$9,653 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,226

Property Taxes

$2,428

HOA Dues

$0

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Property Information for 1003 North 1st Street

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
May 20, 2026

Listed (Active)

NWMLS #2526901

$1,450,000—
Jul 28, 2000

Sold

NWMLS #20056057

$550,000—
May 26, 2000

Pending

NWMLS #20056057

—
DateEvent & SourcePrice
05/20/2026

Listed (Active)

NWMLS #2526901

$1,450,000
07/28/2000

Sold

NWMLS #20056057

$550,000
05/26/2000

Pending

NWMLS #20056057

—

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 ValueLand$240,000Additions$2,152,000Total$2,392,000
Tax Record2025$26,534 ($2,211 / month)
Home Facts
Total Finished SqFt7,384 SqFtAbove Ground SqFt7,384 SqFtStories2Lot Size6,760 SqFtStyleMulti-Family Dwelling (2-4)Year Built1929Year Renovated1994ZoningR-10CountyKINGAPN722400-0040

Schools near 1003 North 1st Street

This home is within Renton School District.
Rating
School
Type
Grades
Distance
Highlands Elementary School
Public - K to 5
Vera Risdon Middle School
Public - 6 to 8
Renton Senior High School
Public - 9 to 12
Sartori Elementary School
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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More information about 1003 North 1st Street, Renton, WA 98057

1003 North 1st Street is a multi-family home for sale in Renton, WA 98057. This property was listed for sale on May 20, 2026 by Paragon Real Estate Advisors, it's currently listed at $1,450,000. It has been on the market for a total of 14 days and was last sold on July 28, 2000. This listing's school district is Renton School District. Nearby schools include Highlands Elementary School, Vera Risdon Middle School and Renton Senior High School. 1003 North 1st Street is a 6-bed, 13-bath, 6,735 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 05/20/2026 01:29 PM. 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.