1409 Monroe Ave NE

3
Baths
2,090 Sq. Ft.
$660 / Sq. Ft.
2,090
Sq. Ft.
$660
per Sq. Ft.

Description

This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000...This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!
  1. Listed by Martin J. Ho • Berkshire Hathaway HS NW

Property Details for 1409 Monroe Avenue Northeast

Community Name
Renton
School District
Renton
Number of Assigned Spaces
6
Total Covered Parking
1
Entry Date
09-10-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/17/2025 03:28 PM

Property Details for 1409 Monroe Avenue Northeast

StatusActive
MLS #2430021
Days on Market106
Cumulative Days on Market106
Taxes$7,848 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.50 AC / 21,780 SF
CountyKing County

Location

Listing Courtesy of Berkshire Hathaway HS NW
Add your commute

Building Information for 1409 Monroe Avenue Northeast

Stories1Residences3Year Built1942Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$7,473 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,819

Property Taxes

$654

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1409 Monroe Avenue Northeast

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 350 - Renton/Highlands
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: GPS is accurate
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 1.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
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
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • First Right Of Refusal: false
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 17
Lot Information
  • Lot Details: Corner Lot, Curbs, Sidewalk
  • Lot Size Source: County Records
  • Parcel Number Free Text: 0423059104
  • Calculated Square Footage: 2090
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2090.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 1
  • Vacancy Rate: 3
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 9848
  • Gross Adjusted Income: 48888
  • Gross Rent Multiplier: 27.38
  • Gross Scheduled Income: $50,400
  • Insurance Expense: $2,000
  • Net Operating Income: $39,040
  • Other Expenses: $0
  • Total Monthly Income: 4200
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 880
  • Rent Unit 1: $1,700.00
  • Bedrooms Unit 1: 3
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 660
  • Rent Unit 2: $1,400.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 550
  • Rent Unit 3: $1,100.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2090.0

Property History for 1409 Monroe Avenue Northeast

DateEvent & SourcePriceAppreciation
Sep 10, 2025

Listed (Active)

NWMLS #2430021

$1,380,000—
Jun 16, 2023

Sold

NWMLS #2022241

$1,300,000—
Jun 14, 2023

Sold (Public Record)

Public Record #1513132507

$1,300,000

+9.2% / yr

May 9, 2023

Pending

NWMLS #2022241

—
Apr 12, 2023

Price Change

NWMLS #2022241

$1,350,000—
Jan 2, 2023

Listed (Active)

NWMLS #2022241

$1,550,000—
Apr 15, 2016

Sold

NWMLS #823692

$690,000—
Apr 13, 2016

Sold (Public Record)

Public Record #568672066

$690,000—
Mar 21, 2016

Pending

NWMLS #823692

—
Apr 4, 2015

Listed (Active)

NWMLS #823692

$699,000—
DateEvent & SourcePrice
09/10/2025

Listed (Active)

NWMLS #2430021

$1,380,000
06/16/2023

Sold

NWMLS #2022241

$1,300,000
06/14/2023

Sold (Public Record)

Public Record #1513132507

$1,300,000

+9.2% / yr

05/09/2023

Pending

NWMLS #2022241

—
04/12/2023

Price Change

NWMLS #2022241

$1,350,000
01/02/2023

Listed (Active)

NWMLS #2022241

$1,550,000
04/15/2016

Sold

NWMLS #823692

$690,000
04/13/2016

Sold (Public Record)

Public Record #568672066

$690,000
03/21/2016

Pending

NWMLS #823692

—
04/04/2015

Listed (Active)

NWMLS #823692

$699,000

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

Public Records for 1409 Monroe Avenue Northeast

Taxable ValueLand$623,000Additions$143,000Total$766,000
Tax Record2024$7,748 ($646 / month)
Home Facts
Beds3Baths3Total Finished SqFt880 SqFtAbove Ground SqFt880 SqFtStories1Lot Size21,780 SqFtStyleSingle Family ResidenceYear Built1942ZoningCVCountyKINGAPN042305-9104

Schools near 1409 Monroe Avenue Northeast

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 - PK to 12
Rating
School
Distance
Honey Dew Elementary School
PublicK to 5

Vera Risdon Middle School
Public6 to 8

Renton Senior High School
Public9 to 12

Out Of District Facility
PublicPK 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.

Similar Homes

Similar Sold Homes

1409 Monroe Avenue Northeast is a multi-family home for sale in Renton, WA 98056. This property was listed for sale on September 10, 2025 by Berkshire Hathaway HS NW, it's currently listed at $1,380,000. It has been on the market for a total of 106 days and was last sold on June 16, 2023. This listing's school district is Renton School District. Nearby schools include Honey Dew Elementary School, Vera Risdon Middle School and Renton Senior High School. 1409 Monroe Avenue Northeast is a 6-bed, 3-bath, 2,090 sqft multi-family home built in 1942.

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 Berkshire Hathaway HS NW

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/25/2025 09:47 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.