Sold
Last Sold Price
1,553 sqft
509 Cedar Ave S, Renton, WA 98057
Multi FamilyProperty Type
0.14 acresLot Size
1939Year Built
$424/sq ftPrice per sq ft
2 carsParking Spaces

Description

Move-in-ready duplex located on Renton's best street Cedar Ave. Scenic Renton Hill neighborhood a short walk away from Downtown Renton, offering Lake Washington and Seattle skyline views and on the same street neighboring million dollar+ homes. Thoughtfully renovated for the owner's personal use and currently set up as a furnished rental for both short and mid term guests. Many updates including new hardwood and LVP flooring, water heaters, furnace, washer/dryers (per unit), and driveway. Furniture...Move-in-ready duplex located on Renton's best street Cedar Ave. Scenic Renton Hill neighborhood a short walk away from Downtown Renton, offering Lake Washington and Seattle skyline views and on the same street neighboring million dollar+ homes. Thoughtfully renovated for the owner's personal use and currently set up as a furnished rental for both short and mid term guests. Many updates including new hardwood and LVP flooring, water heaters, furnace, washer/dryers (per unit), and driveway. Furniture may be optionally included. 85% occupancy on Airbnb during high season and $4250/mo rent on leases during low season. Easy access to Seattle/Eastside/Tacoma and SeaTac Airport, the Landing, Southcenter and recreation galore at many nearby parks.
  • Listed by: Adrian Chu 800.967.0180 TeamAdrian@sregusa.com • Specialty Real Estate Group
Listing closed: 09/24/2024 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2275333

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Listing Courtesy of Specialty Real Estate Group

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Property Information for 509 Cedar Avenue South

Property Details
  • Taxes: $5,606 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Renton Hill
  • School District: Renton
  • View: Territorial
  • Number of Assigned Spaces: 2
  • Total Covered Parking: 0
  • Entry Date: 08-08-2024
  • Energy Source: Electric,Natural Gas
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1939
  • Lot Size: 0.14 AC / 6,000 SF
Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking
  • Area: 340 - Renton/Benson Hill
  • Elementary School: Talbot Hill Elem
  • Middle Or Junior School: Dimmitt Mid
  • High School: Renton Snr High
  • Effective Year Built Source: Public Records
  • Directions: From Renton, take S 4th up Renton Hill and follow Cedar Ave S. House on right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Virtual Tour
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: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Ceramic Tile, Engineered Hardwood
  • Features: Ceramic Tile
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 1697
  • Power Company: PSE
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete, Slab
  • Zoning Class: Retail
  • First Right Of Refusal: false
  • Possible Use: Retail
  • MLS Square Footage Source: Appraisal
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1961
  • Photos Count: 38
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7231500495
  • Building Condition: Very Good
  • Calculated Square Footage: 1553
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1553.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $2,175
  • Total Expenses: 13102
  • Gross Adjusted Income: 49623
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $51,000
  • Insurance Expense: $2,870
  • Net Operating Income: $36,521
  • Other Expenses: $754
  • Total Monthly Income: 4250
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1553.0
  • Leasable Area Units: Square Feet

Property History for 509 Cedar Avenue South

DateEvent & SourcePriceAppreciation
Sep 24, 2024

Sold

NWMLS #2275333

$658,000—
Sep 20, 2024

Sold (Public Record)

Public Record #1541169138

$658,000

+8.7% / yr

Aug 17, 2024

Pending

NWMLS #2275333

—
DateEvent & SourcePrice
09/24/2024

Sold

NWMLS #2275333

$658,000
09/20/2024

Sold (Public Record)

Public Record #1541169138

$658,000

+8.7% / yr

08/17/2024

Pending

NWMLS #2275333

—

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

Public Records for 509 Cedar Avenue South

Taxable ValueLand$319,000Additions$311,000Total$630,000
Tax Record2026$6,807 ($567 / month)
Home Facts
Baths2.8Total Finished SqFt2,520 SqFtAbove Ground SqFt1,680 SqFtFinished Basement SqFt840 SqFtStories1Lot Size6,000 SqFtStyleDuplexYear Built1939Year Renovated1961ZoningR-8CountyKINGAPN723150-0495

Schools near 509 Cedar 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 - K to 5
Rating
School
Distance
Talbot Hill Elementary School
PublicK to 5

Dimmitt Middle School
Public6 to 8

Renton Senior High School
Public9 to 12

Sartori Elementary School
PublicK to 5

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 Specialty Real Estate Group

Based on information submitted to the MLS GRID as of 09/24/2024 07:28 PM. 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.