Sold
Last Sold Price
3,336 sqft

303 Houser Way S, Renton, WA 98057

Multi FamilyProperty Type
0.17 acresLot Size
1985Year Built
$298/sq ftPrice per sq ft
6 carsParking Spaces

Description

Four-unit, fully-leased property in Renton. Well-maintained two-bedroom, one-bathroom units, with a substantial value-add opportunity to renovate the lower two units. Upper two units have been fully renovated with new kitchen cabinets, stainless steel appliances, vinyl plank flooring, paint, and full bathroom upgrades— attaining $300 rental premiums. Private balconies & W/D in-unit. The exterior is newly painted, and all windows and sliding glass doors have been replaced.Four-unit, fully-leased property in Renton. Well-maintained two-bedroom, one-bathroom units, with a substantial value-add opportunity to renovate the lower two units. Upper two units have been fully renovated with new kitchen cabinets, stainless steel appliances, vinyl plank flooring, paint, and full bathroom upgrades— attaining $300 rental premiums. Private balconies & W/D in-unit. The exterior is newly painted, and all windows and sliding glass doors have been replaced.
  • Listed by: Trace Tam Sing 206.292.1600 john.miller@cbre.com • CBRE INC
  • Listed by: Mitchell Belcher 206.292.1600 john.miller@cbre.com • CBRE INC
Listing closed: 04/30/2019 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1425127
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Location

Listing Courtesy of CBRE INC

Sold By HomeSmart Real Estate Assoc

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$6,006 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,312

Property Taxes

$694

HOA Dues

$0

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Property Information for 303 Houser Way South

Property Details

  • Taxes: $8,328 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Downtown Renton
  • School District: Renton
  • Number of Assigned Spaces: 6
  • Total Covered Parking: 0
  • Entry Date: 03-18-2019
  • Sewer: Sewer Connected

Building Information

  • Stories: 2
  • Residences: 4
  • Year Built: 1985
  • Lot Size: 0.17 AC / 7,210 SF

Summary

Location and General Information
  • Style: 54 - 4-Plex
  • Area: 360 - Skyway Area
  • Elementary School: Bryn Mawr Elem
  • Middle Or Junior School: Dimmitt Mid
  • High School: Renton Snr High
  • Effective Year Built Source: Public Records
  • Directions: From 405 take exit #2B North (right) on Rainier, Right on 7th, Left on Shattuck, go 2 blocks, 4-plex on corner on right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2019
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes

Interior and Exterior Features

Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl
  • Features: Laminate Hardwood
  • Amenities: See Remarks
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Wood
  • Roof: Composition

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5207
  • Power Company: PSE
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric
  • Utilities: 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
  • Special Listing Conditions: None
  • Year Built Effective: 1998
  • Photos Count: 19
Lot Information
  • Lot Details: Alley, Corner Lot
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7841300380
  • Calculated Square Footage: 3336
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3336.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Multi Family

Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $240
  • Total Expenses: 23137
  • Gross Adjusted Income: 72975
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $76,500
  • Insurance Expense: $1,762
  • Net Operating Income: $49,838
  • Other Expenses: $7,600
  • Total Monthly Income: 6375
  • Fuel Expense: $0

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3336.0
  • Leasable Area Units: Square Feet

Property History for 303 Houser Way South

DateEvent & SourcePriceAppreciation
Apr 30, 2019

Sold

NWMLS #1425127

$995,000—
Apr 29, 2019

Sold (Public Record)

Public Record #643764522

$995,000

+19.4% / yr

Apr 2, 2019

Pending

NWMLS #1425127

—
DateEvent & SourcePrice
04/30/2019

Sold

NWMLS #1425127

$995,000
04/29/2019

Sold (Public Record)

Public Record #643764522

$995,000

+19.4% / yr

04/02/2019

Pending

NWMLS #1425127

—

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

Public Records for 303 Houser Way South

Taxable Value

Land

$263,000

Additions

$685,000
Total$948,000

Tax Record

2026

$10,781 ($898 / month)

Home Facts

Total Finished SqFt

3,336 SqFt

Above Ground SqFt

3,336 SqFt

Stories

2

Lot Size

7,210 SqFt

Style

Quadraplex

Year Built

1985

Year Renovated

1998

Zoning

R-14

County

KING

APN

784130-0380

Schools near 303 Houser Way 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
Bryn Mawr 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.

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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 CBRE INC

Based on information submitted to the MLS GRID as of 09/05/2024 05:38 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.