Sold
Last Sold Price
3,592 sqft

530 Mill Ave S, Renton, WA 98057

Multi FamilyProperty Type
0.13 acresLot Size
1979Year Built
$256/sq ftPrice per sq ft
10 carsParking Spaces

Description

Investor alert! ~ INCOME PRODUCING RENTON 4 Plex with 6.1% Cap Rate ~ RARE IN KING COUNTY ~ Each Unit has 2 Beds, 1 Full Bath, Fireplace, Washer & Dryer In the Units & Private Storage on Deck. City & Lake Views. Secure Inside Entrance to Units. 3 Individual Car Garages & 4 Additional Parking Spaces Located in Rear. Sits on a Dead End with Lots of Street Parking. Easy Freeway Access & Conveniently located to Downtown Renton, the Landing, Shopping, Entertainment, & Restaurants. Rents under market!Investor alert! ~ INCOME PRODUCING RENTON 4 Plex with 6.1% Cap Rate ~ RARE IN KING COUNTY ~ Each Unit has 2 Beds, 1 Full Bath, Fireplace, Washer & Dryer In the Units & Private Storage on Deck. City & Lake Views. Secure Inside Entrance to Units. 3 Individual Car Garages & 4 Additional Parking Spaces Located in Rear. Sits on a Dead End with Lots of Street Parking. Easy Freeway Access & Conveniently located to Downtown Renton, the Landing, Shopping, Entertainment, & Restaurants. Rents under market!
  • Listed by: Nicholas T. Vilvandre 206.858.6800 nvilvandre@kw.com • Keller Williams Downtown Sea
Listing closed: 08/18/2020 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1641620
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Recent comparable sales

Median sold price

$1,000,000

Avg days on market

11

Sale-to-list ratio

97.8%

Renton, WA

9 comparable properties found

$1,284,000 | 121 Union Avenue Northeast, Renton, WA 98059
1/29
1

$1,284,000

Sold 07/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
4,090
Square Feet
0.13
Acres
$670,000 | 1428 Kirkland Avenue Northeast, Renton, WA 98056
1/8
2

$670,000

Sold 06/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres
3

$870,000

Sold 11/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
3,600
Square Feet
Unavailable
Acres
a view of a building with a street
1/14
4

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Sold 11/15/24

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.13
Acres
5

$850,000

Sold 06/06/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,240
Square Feet
0.14
Acres
6

$1,110,000

Sold 05/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,176
Square Feet
Unavailable
Acres
7

$1,116,000

Sold 01/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
7,116
Square Feet
0.19
Acres
a view of a yard with a house
1/2
8

$805,000

Sold 03/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.97
Acres
9

$1,000,000

Sold 04/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,756
Square Feet
0.17
Acres

Location

Listing Courtesy of Keller Williams Downtown Sea

Sold By Skyline Properties, Inc.

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Principal and Interest

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Property Taxes

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HOA Dues

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Property Information for 530 Mill Avenue South

Property Details

  • Taxes: $9,111 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Downtown Renton
  • School District: Renton
  • View: City, Lake, Mountain(s)
  • Number of Assigned Spaces: 10
  • Total Covered Parking: 3
  • Entry Date: 08-06-2020
  • Sewer: Sewer Connected

Building Information

  • Stories: 3
  • Residences: 4
  • Year Built: 1979
  • Lot Size: 0.13 AC / 5,750 SF

Summary

Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, High Speed Internet
  • Area: _340RentonBensonHi
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: Heading South on Main Ave. S. turn Left onto Cedar. Once you cross the freeway take the first Right onto Mill Avenue South. Property on left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2019
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes

Interior and Exterior Features

Interior Features
  • Furnished: Unfurnished
  • Amenities: See Remarks,Storage,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Flat

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4200
  • Power Company: PSE
  • Sewer Company: Renton
  • Water Company: Renton
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
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
  • Special Listing Conditions: None
  • Photos Count: 29
Lot Information
  • Lot Details: Cul-De-Sac
  • Lot Size Dimensions: 50 x 114 x 50 x 115
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7231500445
  • Calculated Square Footage: 3592
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3592.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows

Multi Family

Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 3
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $360
  • Total Expenses: 16093
  • Gross Adjusted Income: 76685
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $77,460
  • Insurance Expense: $2,422
  • Net Operating Income: $60,592
  • Other Expenses: $3,000
  • Total Monthly Income: 6455
  • Fuel Expense: $0

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3592.0
  • Leasable Area Units: Square Feet

Property History for 530 Mill Avenue South

DateEvent & SourcePriceAppreciation
Aug 18, 2020

Sold

NWMLS #1641620

$920,000—
Aug 13, 2020

Sold (Public Record)

Public Record #675759694

$920,000

+8.2% / yr

Aug 8, 2020

Pending

NWMLS #1641620

—
DateEvent & SourcePrice
08/18/2020

Sold

NWMLS #1641620

$920,000
08/13/2020

Sold (Public Record)

Public Record #675759694

$920,000

+8.2% / yr

08/08/2020

Pending

NWMLS #1641620

—

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

Public records

530 Mill Avenue South

Total Finished SqFt

3,592 SqFt

Above Ground SqFt

3,592 SqFt

Stories

2

Lot Size

5,750 SqFt

Style

Quadraplex

Year Built

1979

Schools near 530 Mill 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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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 Keller Williams Downtown Sea

Based on information submitted to the MLS GRID as of 09/05/2024 05:40 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.