Sold
Last Sold Price
4 beds3 baths2,310 sqft$346/sqft
421 Wells Ave S, Renton, WA 98057
Multi FamilyProperty Type
5,750 sq ftLot Size
1978Year Built
$346/sq ftPrice per sq ft
5 carsParking Spaces

Description

Amazing opportunity to own an extremely versatile triplex in this unbeatable Downtown Renton location. Walkscore is 93 and also includes 5 parking spaces for commuters. This property features two 1-bedroom, 1-bath units, on the main floor with a 2-bedroom, 1-bath upstairs, offering exceptional flexibility for investors, multi-generational living, or an owner-occupied setup with rental income. Each unit is move-in ready with recent updates for tenants and owner-occupants alike! Showcasing bright,...Amazing opportunity to own an extremely versatile triplex in this unbeatable Downtown Renton location. Walkscore is 93 and also includes 5 parking spaces for commuters. This property features two 1-bedroom, 1-bath units, on the main floor with a 2-bedroom, 1-bath upstairs, offering exceptional flexibility for investors, multi-generational living, or an owner-occupied setup with rental income. Each unit is move-in ready with recent updates for tenants and owner-occupants alike! Showcasing bright, spacious layouts with walk-in closets and separate utilities. Tons of storage inside and out. Serene back patio area is fully fenced and feels like a peaceful oasis! Parks, transit, dining, and shopping are a short walk away. Perfect for investors or owner-occupants. Commuters enjoy 20 minutes to Bellevue and 10 minutes to the airport. This triplex delivers both lifestyle and long-term value. A must see opportunity!
  • Listed by: Brenda Martin 425.227.9200 brendam@johnlscott.com • John L. Scott, Inc
  • Listed by: Tina McKay 425.227.9200 tinam@johnlscott.com • John L. Scott, Inc
Listing closed: 06/10/2026 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2494406

Location

Listing Courtesy of John L. Scott, Inc

Sold By Keller Williams Rlty Bellevue

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Property Information for 421 Wells Avenue South

Property Details
  • Taxes: $2,298 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Downtown
  • School District: Renton
  • View: Territorial
  • Number of Assigned Spaces: 5
  • Total Covered Parking: 0
  • Entry Date: 03-19-2026
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1978
  • Lot Size: 0.13 AC / 5,750 SF
Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Deck, Fenced-Partially, Outbuildings, Patio
  • Area: 350 - Renton/Highlands
  • Block: 19
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: GPS Friendly! Take Exit 2 on I-405 toward Renton. Go Right on Grady Way. Turn Left on Wells Ave S. Home is on the Left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • 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
  • Bedrooms Possible: 4
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Bamboo/Cork, Vinyl Plank
  • Amenities: See Remarks,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Wall Furnace
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 3720
  • Power Company: Puget Sound Energy
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1978
  • Photos Count: 40
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 50 x 115
  • Lot Number: 14
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 7231501685
  • Building Condition: Good
  • Calculated Square Footage: 2310
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2310.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 5
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 7217.61
  • Gross Adjusted Income: 63270
  • Gross Rent Multiplier: 12.88
  • Gross Scheduled Income: $66,600
  • Insurance Expense: $1,200
  • Net Operating Income: $56,052
  • Other Expenses: $0
  • Total Monthly Income: 5550
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 650
  • Rent Unit 1: $1,700.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 650
  • Rent Unit 2: $1,750.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 950
  • Rent Unit 3: $2,100.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Owner
  • Leasable Area: 2310.0

Property History for 421 Wells Avenue South

DateEvent & SourcePriceAppreciation
Jun 10, 2026

Sold

NWMLS #2497568

$800,000
Jun 10, 2026

Sold

NWMLS #2494406

$800,000
May 14, 2026

Pending

NWMLS #2497568

DateEvent & SourcePrice
06/10/2026

Sold

NWMLS #2497568

$800,000
06/10/2026

Sold

NWMLS #2494406

$800,000
05/14/2026

Pending

NWMLS #2497568

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

Public Records for 421 Wells Avenue South

Taxable ValueLand-Additions$217,200Total-
Tax Record2026$2,440 ($203 / month)
Home Facts
Baths2.5Total Finished SqFt2,310 SqFtAbove Ground SqFt2,310 SqFtLot Size5,750 SqFtStyleTriplexYear Built1978Year Renovated1978ZoningR-14CountyKINGAPN723150-1685

Schools near 421 Wells 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
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 John L. Scott, Inc

Based on information submitted to the MLS GRID as of 07/11/2026 04:04 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.