2906 NE 7th St

Beds
Baths
3,280 Sq. Ft.
$229 / Sq. Ft.
3,280
Sq. Ft.
$229
per Sq. Ft.

Description

Heavily updated fourplex opportunity in the Renton Highlands. Traditional triplex with 2 bed/1 bath units with detached single dwelling unit with Office. Updates include new roofs, windows, siding, gutters, and paint. All units rented out month-to-month to allow for owner occupant or rent increase. Parking up to 12 vehicles. Less then 5 minutes to I-405 and 15 minutes to downtown Bellevue. This turn-key investment can also be short platted, buyer to verify.Heavily updated fourplex opportunity in the Renton Highlands. Traditional triplex with 2 bed/1 bath units with detached single dwelling unit with Office. Updates include new roofs, windows, siding, gutters, and paint. All units rented out month-to-month to allow for owner occupant or rent increase. Parking up to 12 vehicles. Less then 5 minutes to I-405 and 15 minutes to downtown Bellevue. This turn-key investment can also be short platted, buyer to verify.
  1. Listed by Xing Ji Merwin • American Classic Homes
    P: (425)-277-1500 exmerwin@gmail.com
  2. Listed by Ryan Runge • American Classic Homes
    P: (425)-277-1500 ryan@achreseattle.com

Property Details for 2906 Northeast 7th Street

Community Name
Highlands
School District
Renton
Number of Assigned Spaces
12
Total Covered Parking
0
Entry Date
02-20-2018
Sewer
Sewer Connected
LISTING CLOSED: 05/01/2018 12:00 AM

Property Details for 2906 Northeast 7th Street

StatusSold
MLS #1247705
Days on Market31
Cumulative Days on Market32
Taxes$5,607 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1943
Lot Size0.26 AC / 11,280 SF
CountyKing County

Location

Listing Courtesy of American Classic Homes

Sold By American Classic Homes

Add your commute

Building Information for 2906 Northeast 7th Street

Stories1Residences4Year Built1943Building Size-Lot Size0.26 AC / 11,280 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$4,205 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,737

Property Taxes

$467

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 2906 Northeast 7th Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck, Fenced-Partially, RV Parking
  • Area: 350 - Renton/Highlands
  • Directions: From I-405 exit 5: Turn right on NE Park/ Sunset Blvd. Go to 12th St, turn right to Monroe Ave. Go to NE 7th St, turn left to property on left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2017
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 12.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Laminate, Carpet
  • Features: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Amenities: Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2034
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 25
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7227800830
  • Calculated Square Footage: 3280
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3280.0
  • 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: 12
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $1,478
  • Total Expenses: 9959
  • Gross Adjusted Income: 52200
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $52,200
  • Insurance Expense: $840
  • Net Operating Income: $42,241
  • Other Expenses: $0
  • Total Monthly Income: 4350
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3565.0
  • Leasable Area Units: Square Feet

Property History for 2906 Northeast 7th Street

DateEvent & SourcePriceAppreciation
May 1, 2018

Sold

NWMLS #1247705

$750,000
Apr 27, 2018

Sold (Public Record)

Public Record #620938259

$750,000

+10.3% / yr

Mar 24, 2018

Pending

NWMLS #1247705

DateEvent & SourcePrice
05/01/2018

Sold

NWMLS #1247705

$750,000
04/27/2018

Sold (Public Record)

Public Record #620938259

$750,000

+10.3% / yr

03/24/2018

Pending

NWMLS #1247705

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

Public Records for 2906 Northeast 7th Street

Taxable ValueLand$357,000Additions$437,000Total$794,000
Tax Record2025$8,625 ($719 / month)
Home Facts
Baths4Total Finished SqFt2,060 SqFtAbove Ground SqFt2,060 SqFtStories1Lot Size11,280 SqFtStyleTriplexYear Built1943ZoningR-10CountyKINGAPN722780-0830

Schools near 2906 Northeast 7th 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 - PK to 12
Rating
School
Distance
Highlands Elementary School
PublicK to 5

McKnight 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

Nearby off-market homes

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 American Classic Homes

Based on information submitted to the MLS GRID as of 09/05/2024 05:36 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.