321 Smithers Ave S

—
Beds
—
Baths
2,530 Sq. Ft.
$237 / Sq. Ft.
2,530
Sq. Ft.
$237
per Sq. Ft.

Description

Great Opportunity, Downtown Renton Investment Property with 7 bedrooms, Shared housing, Each room is currently rented for between 600-825, 4 bedrooms and 1 bath on the upper level, 3 bedrooms and 1 bath on the lower level, Common Laundry, Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. New gas furnace, One car garage, alley access, Low turnover, Conveniently located close to Boeing, the Landing Shopping center, and freeways, and...Great Opportunity, Downtown Renton Investment Property with 7 bedrooms, Shared housing, Each room is currently rented for between 600-825, 4 bedrooms and 1 bath on the upper level, 3 bedrooms and 1 bath on the lower level, Common Laundry, Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. New gas furnace, One car garage, alley access, Low turnover, Conveniently located close to Boeing, the Landing Shopping center, and freeways, and busses.
  1. Listed by Thach N. Nguyen • John L. Scott, Inc
    P: (425)-227-9200 thachnmail@yahoo.com

Property Details for 321 Smithers Avenue South

Community Name
Downtown
School District
Renton
Number of Assigned Spaces
1
Total Covered Parking
1
Entry Date
07-20-2023
Energy Source
Natural Gas
Sewer
Sewer Connected
LISTING CLOSED: 09/18/2023 12:00 AM

Property Details for 321 Smithers Avenue South

StatusSold
MLS #2139463
Days on Market15
Cumulative Days on Market15
Taxes$6,195 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.11 AC / 4,800 SF
CountyKing County

Location

Listing Courtesy of John L. Scott, Inc

Sold By Specialty Real Estate Group

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Building Information for 321 Smithers Avenue South

Stories2Residences7Year Built1910Building Size-Lot Size0.11 AC / 4,800 SF

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Principal and Interest

$2,990

Property Taxes

$516

HOA Dues

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Property Information for 321 Smithers Avenue South

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Partially
  • Area: 350 - Renton/Highlands
  • Elementary School: Highlands Elem
  • Middle Or Junior School: Dimmitt Mid
  • High School: Renton Snr High
  • Directions: From south Grady Way go north on Williams Ave S, turn left on S 4th St, right on Smithers Ave S, property is on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Brick
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 6899
  • Power Production Type: Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 23
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7839800125
  • Calculated Square Footage: 2530
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2530.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 7
  • Units Below Grade: false
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 14494
  • Gross Adjusted Income: 57228
  • Gross Rent Multiplier: 10.48
  • Gross Scheduled Income: $57,228
  • Insurance Expense: $1,400
  • Net Operating Income: $42,734
  • Other Expenses: $0
  • Total Monthly Income: 4769
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2530.0
  • Leasable Area Units: Square Feet

Property History for 321 Smithers Avenue South

DateEvent & SourcePriceAppreciation
Sep 18, 2023

Sold

NWMLS #2139463

$600,000—
Aug 29, 2023

Sold (Public Record)

Public Record #1518649376

$600,000

+3.2% / yr

Aug 4, 2023

Pending

NWMLS #2139463

—
DateEvent & SourcePrice
09/18/2023

Sold

NWMLS #2139463

$600,000
08/29/2023

Sold (Public Record)

Public Record #1518649376

$600,000

+3.2% / yr

08/04/2023

Pending

NWMLS #2139463

—

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

Public Records for 321 Smithers Avenue South

Taxable ValueLand$334,000Additions$349,000Total$683,000
Tax Record2025$7,396 ($616 / month)
Home Facts
Baths2Total Finished SqFt2,530 SqFtAbove Ground SqFt2,530 SqFtStories2Lot Size4,800 SqFtStyleDuplexYear Built1910ZoningR-14CountyKINGAPN783980-0125Fireplace TypeHas Fireplace

Schools near 321 Smithers 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 - 6 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

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 John L. Scott, Inc

Based on information submitted to the MLS GRID as of 09/05/2024 05:47 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.