Active
3 beds2 baths1,610 sqft
1503 Davis Ave S, Renton, WA 98055
Est: $3,521/moGet pre-approved
Multi FamilyProperty Type
0.34 acresLot Size
1938Year Built
$357/sq ftPrice per sq ft
5 carsParking Spaces

Description

Exceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14,700 SF corner lot, zoned R-6, with excellent street frontage for future development. Keep the duplex as a rental while building, renovate and partition a second lot, or explore redevelopment potential including multiple homes & DADUs, or middle housing (buyer to verify). Potential territorial views with new two-story construction. Roof replaced in 2021. Both units are...Exceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14,700 SF corner lot, zoned R-6, with excellent street frontage for future development. Keep the duplex as a rental while building, renovate and partition a second lot, or explore redevelopment potential including multiple homes & DADUs, or middle housing (buyer to verify). Potential territorial views with new two-story construction. Roof replaced in 2021. Both units are tenant occupied on month-to-month leases, offering flexibility for investors and builders. Rent is currently below market. Unit A has 2 bedrooms & 1 bathroom, while Unit B has 1 bedroom & 1 bathroom. Detached garage, basement storage, and city sewer. Seller is open to extended closing and builder-friendly terms.
17 days on Market
Cumulative days on Market: 17
  • Listed by: Marcela Hoag 360.888.7793 marcela@pellego.com • Pellego, Inc.
Last updated: 09/27/2026 08:00 PM • Source: NWMLS as distributed by MLS GRID, MLS#: 2584400

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Location

Listing Courtesy of Pellego, Inc.
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$3,521 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,070

Property Taxes

$451

HOA Dues

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Property Information for 1503 Davis Avenue South

Property Details
  • Taxes: $5,414 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Talbot Hill
  • School District: Renton
  • Number of Assigned Spaces: 5
  • Total Covered Parking: 1
  • Entry Date: 09-17-2026
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1938
  • Lot Size: 0.34 AC / 14,700 SF
Summary
Location and General Information
  • Style: 52 - Duplex
  • Area: 340 - Renton/Benson Hill
  • Directions: From I-5 North, take Exit 2B for Rainier Ave S, continue north on Rainier Ave S, turn right onto S 15th St, then left onto Davis Ave S. Property 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: 1.0
  • 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
  • Amenities: Basement
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 3380.39
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Pillar/Post/Pier
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 34
Lot Information
  • Lot Details: Corner Lot, Paved, Value In Land
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 3340401240
  • Calculated Square Footage: 1610
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1610.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: true
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 11130.83
  • Gross Adjusted Income: 27600
  • Gross Rent Multiplier: 20.8
  • Gross Scheduled Income: $27,600
  • Insurance Expense: $2,103
  • Net Operating Income: $16,469
  • Other Expenses: $234
  • Total Monthly Income: 2300
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1503
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 850
  • Rent Unit 1: $1,150.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 225
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 760
  • Rent Unit 2: $1,150.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1610.0

Property History for 1503 Davis Avenue South

DateEvent & SourcePriceAppreciation
Sep 17, 2026

Listed (Active)

NWMLS #2584903

$575,000—
Sep 17, 2026

Listed (Active)

NWMLS #2584400

$575,000—
Nov 10, 2021

Sold (Public Record)

Public Record #1476692025

$450,000—
DateEvent & SourcePrice
09/17/2026

Listed (Active)

NWMLS #2584903

$575,000
09/17/2026

Listed (Active)

NWMLS #2584400

$575,000
11/10/2021

Sold (Public Record)

Public Record #1476692025

$450,000

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

Public Records for 1503 Davis Avenue South

Taxable ValueLand$283,000Additions$258,000Total$541,000
Tax Record2026$5,898 ($491 / month)
Home Facts
Baths2Total Finished SqFt1,610 SqFtAbove Ground SqFt1,610 SqFtStories1Lot Size14,700 SqFtStyleDuplexYear Built1938Year Renovated1938ZoningR-6CountyKINGAPN334040-1240

Schools near 1503 Davis Avenue South

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
Talbot Hill Elementary School
PublicK to 5

Dimmitt 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

1503 Davis Avenue South is a multi-family home for sale in Renton, WA 98055. This property was listed for sale on September 17, 2026 by Pellego, Inc., it's currently listed at $575,000. It has been on the market for a total of 17 days and was last sold on November 10, 2021. This listing's school district is Renton School District. Nearby schools include Talbot Hill Elementary School, Dimmitt Middle School and Renton Senior High School. 1503 Davis Avenue South is a 3-bed, 2-bath, 1,610 sqft multi-family home built in 1938.

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 Pellego, Inc.

Based on information submitted to the MLS GRID as of 09/27/2026 08:00 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.