501 S 5th St

Beds
Baths
3,458 Sq. Ft.
$318 / Sq. Ft.
3,458
Sq. Ft.
$318
per Sq. Ft.

Description

Ideally-located classic 4-plex in Downtown Renton. Here's your rare opportunity to own this 4plex that has a secured entry. Comprised of one 2-bedroom/1-bath units and three 1-bedroom/1bath units, coin-operated washer/dryer. A prime location and spacious units, this solid 4-plex generates nice rents, with the ability for more rental income and is offered at an attractive value of about 5% Cap Rate. New exterior paint, windows/sliders in 2018/2019, new roof 2014, new boiler 2018, new exterior mailboxes...Ideally-located classic 4-plex in Downtown Renton. Here's your rare opportunity to own this 4plex that has a secured entry. Comprised of one 2-bedroom/1-bath units and three 1-bedroom/1bath units, coin-operated washer/dryer. A prime location and spacious units, this solid 4-plex generates nice rents, with the ability for more rental income and is offered at an attractive value of about 5% Cap Rate. New exterior paint, windows/sliders in 2018/2019, new roof 2014, new boiler 2018, new exterior mailboxes 2019, unit 201 remodel in 2020. You'll appreciate this well-maintained property. Include 8 off-street parking spots, 3 covered. Located mins from restaurants, shops & services. The Landing, Coulon Park, Sea-Tac Airport, Lake Washington.
  1. Listed by Rache C. Boston • John L. Scott, Inc
    P: (425)-227-9200 racheb@johnlscott.com

Property Details for 501 South 5th Street

Community Name
Downtown Renton
School District
Renton
Number of Assigned Spaces
8
Total Covered Parking
0
Offers Review Date
10-29-2021
Entry Date
10-27-2021
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING CLOSED: 11/29/2021 12:00 AM

Property Details for 501 South 5th Street

StatusSold
MLS #1856985
Days on Market2
Cumulative Days on Market2
Taxes$9,109 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1981
Lot Size0.14 AC / 6,000 SF
CountyKing County

Location

Listing Courtesy of John L. Scott, Inc

Sold By Windermere Real Estate/East

Add your commute

Building Information for 501 South 5th Street

Stories2Residences4Year Built1981Building Size-Lot Size0.14 AC / 6,000 SF

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$6,241 per month

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Principal and Interest

$5,481

Property Taxes

$759

HOA Dues

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Property Information for 501 South 5th Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Partially
  • Area: 340 - Renton/Benson Hill
  • Block: 37
  • Elementary School: Sartori Elementary
  • Middle Or Junior School: Nelsen Mid
  • High School: Renton Snr High
  • Effective Year Built Source: Public Records
  • Directions: Ext 4 off 405 onto Bronson Way N turn right on S 5th st to building.
  • Leased Items: Washer/Dryer
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 3.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Radiator, Wall to Wall Carpet
  • Amenities: Coin Op Laundry
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Flat
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5287
  • Power Company: Puget Sound Energy
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric, Natural Gas
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1998
  • Photos Count: 7
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk, Value In Land
  • Lot Number: 1
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 7840300050
  • Building Condition: Good
  • Calculated Square Footage: 3458
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3458.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 5
  • 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: $297
  • Total Expenses: 22084
  • Gross Adjusted Income: 53010
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $55,800
  • Insurance Expense: $1,062
  • Net Operating Income: $33,669
  • Other Expenses: $4,930
  • Total Monthly Income: 5290
  • Fuel Expense: $1,399
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2864.0
  • Leasable Area Units: Square Feet

Property History for 501 South 5th Street

DateEvent & SourcePriceAppreciation
Nov 29, 2021

Sold

NWMLS #1856985

$1,100,000
Nov 17, 2021

Sold (Public Record)

Public Record #1477929425

$1,100,000

+6.5% / yr

Oct 29, 2021

Pending

NWMLS #1856985

DateEvent & SourcePrice
11/29/2021

Sold

NWMLS #1856985

$1,100,000
11/17/2021

Sold (Public Record)

Public Record #1477929425

$1,100,000

+6.5% / yr

10/29/2021

Pending

NWMLS #1856985

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

Public Records for 501 South 5th Street

Taxable ValueLand$219,000Additions$658,000Total$877,000
Tax Record2025$10,043 ($837 / month)
Home Facts
Total Finished SqFt2,864 SqFtAbove Ground SqFt2,864 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1981Year Renovated1998ZoningR-14CountyKINGAPN784030-0050

Schools near 501 South 5th 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 - 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 05:44 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.