1421 N 3rd St

Beds
Baths
3,840 Sq. Ft.
$288 / Sq. Ft.
3,840
Sq. Ft.
$288
per Sq. Ft.

Description

Rare 2bdrm/1.5BA TOWNHOME styled 4-PLEX conveniently positioned in ever-changing & amenity rich Renton DT! Seize this superb investment opportunity with CAP rate over 5.2%, 0.68% vacancy rate & long term tenants. CURRENT RENTS UNDER MARKET w/CAP rate could be over 6% post-Covid. Each townhome boasts 960 sqft living size featuring 2 large bdrm/1 Full BA upstairs w/great room, kitchen, Half Bath & laundry on main, plus 2 paved parking spots & a fenced back patio. Unit 1 & 2 remodeled substantially...Rare 2bdrm/1.5BA TOWNHOME styled 4-PLEX conveniently positioned in ever-changing & amenity rich Renton DT! Seize this superb investment opportunity with CAP rate over 5.2%, 0.68% vacancy rate & long term tenants. CURRENT RENTS UNDER MARKET w/CAP rate could be over 6% post-Covid. Each townhome boasts 960 sqft living size featuring 2 large bdrm/1 Full BA upstairs w/great room, kitchen, Half Bath & laundry on main, plus 2 paved parking spots & a fenced back patio. Unit 1 & 2 remodeled substantially in 2019 & Unit 4 completely in 2020. Updated thermal windows/roof/effective built year as 1996!  Well maintained! More interior pics available. Minutes to The Landing, Boeing, school & Lake WA or 15 min to airport or Bellevue DT. Don't miss this gem!
  1. Listed by Sylvia Chin • WeLakeside
    P: 145-425-246-1453 screalty.us.info@gmail.com

Property Details for 1421 North 3rd Street

Community Name
North Renton
School District
Renton
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Offers Review Date
02-02-2021
Entry Date
01-24-2021
Sewer
Sewer Connected
LISTING CLOSED: 03/09/2021 12:00 AM

Property Details for 1421 North 3rd Street

StatusSold
MLS #1720308
Days on Market9
Cumulative Days on Market9
Taxes$9,939 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.20 AC / 8,858 SF
CountyKing County

Location

Listing Courtesy of WeLakeside

Sold By COMPASS

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Building Information for 1421 North 3rd Street

Stories2Residences4Year Built1977Building Size-Lot Size0.20 AC / 8,858 SF

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Property Taxes

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Property Information for 1421 North 3rd Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Partially, Patio
  • Area: 350 - Renton/Highlands
  • Block: 7
  • High School: Renton Snr High
  • Effective Year Built Source: Public Records
  • Directions: From Park Ave. N. go east on N. 3rd St. Property will be on your right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Amenities: Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: Yes
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water/Sewer/Garbage: 5781
  • Power Company: PSE
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric
  • Utilities: Cable Connected, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1996
  • Photos Count: 17
Lot Information
  • Lot Details: Corner Lot
  • Lot Number: 1-2
  • Lot Size Source: KCR
  • Parcel Number Free Text: 1352300660
  • Building Condition: Good
  • Calculated Square Footage: 3840
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3840.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 2
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $198
  • Total Expenses: 20376
  • Gross Adjusted Income: 71510
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $72,000
  • Insurance Expense: $2,512
  • Net Operating Income: $51,134
  • Other Expenses: $1,947
  • Total Monthly Income: 6000
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3840.0
  • Leasable Area Units: Square Feet

Property History for 1421 North 3rd Street

DateEvent & SourcePriceAppreciation
Mar 9, 2021

Sold

NWMLS #1720308

$1,105,000
Mar 5, 2021

Sold (Public Record)

Public Record #692071754

$1,105,000
Mar 5, 2021

Sold (Public Record)

Public Record #1453484629

$1,105,000

+12.9% / yr

DateEvent & SourcePrice
03/09/2021

Sold

NWMLS #1720308

$1,105,000
03/05/2021

Sold (Public Record)

Public Record #692071754

$1,105,000
03/05/2021

Sold (Public Record)

Public Record #1453484629

$1,105,000

+12.9% / yr

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

Public Records for 1421 North 3rd Street

Taxable ValueLand$209,000Additions$651,000Total$860,000
Tax Record2025$9,904 ($825 / month)
Home Facts
Total Finished SqFt3,840 SqFtAbove Ground SqFt3,840 SqFtStories2Lot Size8,858 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Year Renovated1996ZoningR-8CountyKINGAPN135230-0660

Schools near 1421 North 3rd 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 - 6 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

Griffin Home
Public6 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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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 WeLakeside

Based on information submitted to the MLS GRID as of 09/05/2024 05:41 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.