Last Sold Price
1,750 sqft$389/sqft
2815 NE 16th St, Renton, WA 98056

Description

The unique opportunity awaits! You can choose to live in one side while renting out the other, or rent out both. Renting out both units will produce monthly cash flow. Separate utilities for each side paid individually by each occupant. Current owner occupies one side, could potentially rent that side for $1700-$2000/month. Current long time tenant rents for $1900/mo., can increase rent at renewal of lease to $2000/mo. Tenant side was completely remodeled before the tenants moved in. Conveniently...The unique opportunity awaits! You can choose to live in one side while renting out the other, or rent out both. Renting out both units will produce monthly cash flow. Separate utilities for each side paid individually by each occupant. Current owner occupies one side, could potentially rent that side for $1700-$2000/month. Current long time tenant rents for $1900/mo., can increase rent at renewal of lease to $2000/mo. Tenant side was completely remodeled before the tenants moved in. Conveniently located to shopping, restaurants, entertainment, public transportations, schools, parks and freeways. Please do not disturb tenants, no showing without appointment.
LISTING CLOSED: 05/17/2021 12:00 AM

  1. Listed by Mike Winkler • Coldwell Banker Bain
    P: (206)-232-4600 michaelwinkler@cbbain.com

Property Details for 2815 Northeast 16th Street

Status
MLS #
1743108
Days on Market
13
Cumulative Days on Market
13
Taxes
$4,846 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1943
Lot Size
0.16 AC / 6,930 SF
Community Name
Kennydale
School District
Renton
Number of Assigned Spaces
7
Total Covered Parking
1
Offers Review Date
04-12-2021
Entry Date
03-31-2021
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Coldwell Banker Bain

Sold By eLink Realty

Add your commute

Building Information for 2815 Northeast 16th Street

Stories1Residences2Year Built1943Building Size-Lot Size0.16 AC / 6,930 SF

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Property Taxes

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HOA Dues

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Property Information for 2815 Northeast 16th Street

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Partially, Gas Available
  • Area: 350 - Renton/Highlands
  • Block: 46
  • Elementary School: Sierra Heights Elem
  • Middle Or Junior School: Mcknight Mid
  • High School: Hazen Snr High
  • Effective Year Built Source: Public Records
  • Directions: from 405 exit 6, onto 30th St head east, right onto Edmonds, Left onto NE 16th St, property on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 1.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Vinyl, Carpet
  • Features: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Amenities: Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Built-Up, Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Renton Water/Sewer district
  • Water Company: Renton water district
  • Power Production Type: Electric, Natural Gas
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family,Residential
  • Construction Methods: Post & Beam,Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1943
  • Photos Count: 5
Lot Information
  • Lot Details: Paved
  • Lot Number: 5
  • Lot Size Source: Per King County records
  • Parcel Number Free Text: 7227801585
  • Building Condition: Average
  • Calculated Square Footage: 1750
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1750.0
  • 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: 5
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 600
  • Gross Adjusted Income: 22200
  • Gross Rent Multiplier: 28
  • Gross Scheduled Income: $22,800
  • Insurance Expense: $600
  • Net Operating Income: $22,200
  • Other Expenses: $0
  • Total Monthly Income: 1900
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1750.0
  • Leasable Area Units: Square Feet

Property History for 2815 Northeast 16th Street

DateEvent & SourcePriceAppreciation
May 17, 2021

Sold

NWMLS #1743108

$680,000
May 15, 2021

Sold (Public Record)

Public Record #1460635081

$680,000

+5.7% / yr

Apr 13, 2021

Pending

NWMLS #1743108

DateEvent & SourcePrice
05/17/2021

Sold

NWMLS #1743108

$680,000
05/15/2021

Sold (Public Record)

Public Record #1460635081

$680,000

+5.7% / yr

04/13/2021

Pending

NWMLS #1743108

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

Public Records for 2815 Northeast 16th Street

Taxable ValueLand$396,000Additions$273,000Total$669,000
Tax Record2026$7,235 ($603 / month)
Home Facts
Baths2Total Finished SqFt1,750 SqFtAbove Ground SqFt1,750 SqFtStories1Lot Size6,930 SqFtStyleDuplexYear Built1943Year Renovated1943ZoningR-14CountyKINGAPN722780-1585

Schools near 2815 Northeast 16th 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 - K to 5
Rating
School
Distance
Sierra Heights Elementary School
PublicK to 5

McKnight Middle School
Public6 to 8

Hazen Senior High School
Public9 to 12

Hilltop Heritage 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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Nearby home values

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 Coldwell Banker Bain

Based on information submitted to the MLS GRID as of 09/05/2024 05:42 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.