Last Sold Price
3,270 sqft$226/sqft
123 Factory Ave N, Renton, WA 98057

Description

Great Opportunity, Downtown Renton Triplex with one 3 bedroom /1.75 bath unit and two 1 bedroom /1 bath units. Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. Spacious light filled units, The 5 car garages are always in high demand and are currently rented for about 180.00 each per month. Large 8240 square foot lot gives any owner a lot of future development potential. Corner Lot and alley access, Conveniently located close to...Great Opportunity, Downtown Renton Triplex with one 3 bedroom /1.75 bath unit and two 1 bedroom /1 bath units. Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. Spacious light filled units, The 5 car garages are always in high demand and are currently rented for about 180.00 each per month. Large 8240 square foot lot gives any owner a lot of future development potential. Corner Lot and alley access, Conveniently located close to Boeing, the Landing Shopping center, and freeways, and busses.
LISTING CLOSED: 09/26/2023 12:00 AM

  1. Listed by Thach N. Nguyen • John L. Scott, Inc
    P: (425) 227-9200 thachnmail@yahoo.com

Property Details for 123 Factory Avenue North

Status
MLS #
2139398
Days on Market
15
Cumulative Days on Market
15
Taxes
$3,901 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1911
Lot Size
0.19 AC / 8,240 SF
Community Name
Downtown
School District
Renton
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
5
Entry Date
07-20-2023
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of John L. Scott, Inc

Sold By Ensemble

Add your commute

Building Information for 123 Factory Avenue North

Stories2Residences3Year Built1911Building Size-Lot Size0.19 AC / 8,240 SF

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Property Taxes

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Property Information for 123 Factory Avenue North

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Fenced-Partially
  • Area: 350 - Renton/Highlands
  • Elementary School: Highlands Elem
  • Middle Or Junior School: Dimmitt Mid
  • High School: Renton Snr High
  • Directions: Heading south on Rainier Ave S turn left on Airport Way, right on Factory Ave N.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water/Sewer/Garbage: 7777
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 27
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 1352300840
  • Calculated Square Footage: 3270
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3270.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 15838
  • Gross Adjusted Income: 61920
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $61,920
  • Insurance Expense: $4,160
  • Net Operating Income: $46,537
  • Other Expenses: $0
  • Total Monthly Income: 5160
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3270.0
  • Leasable Area Units: Square Feet

Property History for 123 Factory Avenue North

DateEvent & SourcePriceAppreciation
Sep 26, 2023

Sold

NWMLS #2139398

$740,000
Sep 20, 2023

Sold (Public Record)

Public Record #1519022968

$740,000

+7.0% / yr

Aug 4, 2023

Pending

NWMLS #2139398

DateEvent & SourcePrice
09/26/2023

Sold

NWMLS #2139398

$740,000
09/20/2023

Sold (Public Record)

Public Record #1519022968

$740,000

+7.0% / yr

08/04/2023

Pending

NWMLS #2139398

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

Public Records for 123 Factory Avenue North

Taxable ValueLand$300,000Additions$406,000Total$706,000
Tax Record2026$7,722 ($644 / month)
Home Facts
Baths3.8Total Finished SqFt2,250 SqFtAbove Ground SqFt2,250 SqFtLot Size8,240 SqFtStyleTriplexYear Built1911Year Renovated1911ZoningR-10CountyKINGAPN135230-0840

Schools near 123 Factory Avenue North

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 - 9 to 12
Rating
School
Distance
Highlands Elementary School
PublicK to 5

Vera Risdon Middle School
Public6 to 8

Renton Senior High School
Public9 to 12

Sartori Education Center
Public9 to 12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 123 Factory Avenue North, Renton, WA 98057
$740,000
3,270
8,240
3
2.5
1,690
4,738
$300,000
2
1
1,840
4,120
$133,500
3
2.5
1,890
4,120
$1,500,000
2,235
$550,000
2
1,060
4,738

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 John L. Scott, Inc

Based on information submitted to the MLS GRID as of 09/05/2024 05:47 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.