Last Sold Price
2,620 sqft$323/sqft
547 Index Pl NE, Renton, WA 98056

Description

Prime for cosmetic repositioning, all tenants on MTM leases with zero delinquency. Listing team has factored in a $10k/unit
rehab budget to renovate units and achieve market rents. The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one
...Prime for cosmetic repositioning, all tenants on MTM leases with zero delinquency. Listing team has factored in a $10k/unit
rehab budget to renovate units and achieve market rents. The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one 1-bed, one 2-bed, and one 3-bed. The property sits on 0.2 acres with 2,620 NRSF.
LISTING CLOSED: 09/15/2021 12:00 AM

  1. Listed by Casey Zejdlik • Pilot Ventures LLC
    P: (206)-566-6600 casey@cpxone.com
  2. Listed by Matt Johnston • Pilot Ventures LLC
    P: (206)-566-6600 mjohnston@northmarq.com

Property Details for 547 Index Place Northeast

Status
MLS #
1840777
Days on Market
1
Cumulative Days on Market
0
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1960
Lot Size
0.20 AC / 8,611 SF
Community Name
Highlands
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
09-15-2021
Sewer
Sewer Connected

Location

Listing Courtesy of Pilot Ventures LLC

Sold By COMPASS

Add your commute

Building Information for 547 Index Place Northeast

Stories1Residences4Year Built1960Building Size-Lot Size0.20 AC / 8,611 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$4,993 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,295

Property Taxes

$698

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 547 Index Place Northeast

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 350 - Renton/Highlands
  • Effective Year Built Source: Public Records
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Fireplace: No
Exterior Features
  • Exterior: Brick, Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Utilities: Sewer Connected
Property and Assessments
  • New Construction YN: No
  • Senior Community: No
  • Year Built Effective: 1984
  • Photos Count: 3
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 7227800620
  • Calculated Square Footage: 2620
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2620.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 1
  • Vacancy Rate: 3
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Gross Adjusted Income: 62274
  • Gross Scheduled Income: $64,200
  • Net Operating Income: $45,162
  • Total Monthly Income: 5350
Rental
Rent Information
  • Leasable Area: 2620.0
  • Leasable Area Units: Square Feet

Property History for 547 Index Place Northeast

DateEvent & SourcePriceAppreciation
Sep 15, 2021

Sold

NWMLS #1840777

$845,000
Sep 15, 2021

Listed (Active)

NWMLS #1840777

$845,000
Sep 14, 2021

Sold

NWMLS #1840777

$845,000
DateEvent & SourcePrice
09/15/2021

Sold

NWMLS #1840777

$845,000
09/15/2021

Listed (Active)

NWMLS #1840777

$845,000
09/14/2021

Sold

NWMLS #1840777

$845,000

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

Public Records for 547 Index Place Northeast

Taxable ValueLand$172,000Additions$603,000Total$775,000
Tax Record2026$8,372 ($698 / month)
Home Facts
Baths2.5Total Finished SqFt2,620 SqFtAbove Ground SqFt2,620 SqFtStories1Lot Size8,611 SqFtStyleQuadraplexYear Built1960Year Renovated1984ZoningR-10CountyKINGAPN722780-0620

Schools near 547 Index Place Northeast

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 - 9 to 12
Rating
School
Distance
Highlands Elementary School
PublicK to 5

McKnight Middle School
Public6 to 8

Renton Senior High School
Public9 to 12

Sartori Education Center
Public9 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.

Similar Homes

New listings in 98056

$950,000 | 4019 Northeast 17th Street, Renton, WA 98056
1/40

Courtesy of NWMLS

Open: 8/8 01:00PM - 03:00PMVirtual Tour

$950,000

3
Bedrooms
1,630
Square Feet
0.21
Acres
$749,950 | 1901 Union Avenue Northeast, Renton, WA 98056
1/27

Courtesy of NWMLS

Open: 8/8 11:00AM - 01:30PMVirtual Tour

$749,950

3
Bedrooms
1,470
Square Feet
0.19
Acres
$744,995 | 1230 Tacoma Court Northeast, Unit 16, Renton, WA 98056
1/2

Courtesy of NWMLS

Open: 8/8 10:00AM - 06:00PM

$744,995

3
Bedrooms
1,567
Square Feet
0.04
Acres
$654,995 | 1234 Tacoma Court Northeast, Unit 14, Renton, WA 98056
1/2

Courtesy of NWMLS

Open: 8/8 10:00AM - 06:00PM

$654,995

2
Bedrooms
1,189
Square Feet
0.02
Acres
$415,000 | 3800 Northeast Sunset Boulevard, Unit B103, Renton, WA 98056
1/26

Courtesy of NWMLS

Listed By CompassOpen: 8/8 11:00AM - 01:00PM

$415,000

2
Bedrooms
1,063
Square Feet
Unavailable
Acres
$589,950 | 2405 Northeast 10th Street, Renton, WA 98056
1/32

Courtesy of NWMLS

$589,950

2
Bedrooms
1,160
Square Feet
0.25
Acres
$725,000 | 470 Grandey Way Northeast, Renton, WA 98056
1/39

Courtesy of NWMLS

$725,000

3
Bedrooms
1,260
Square Feet
0.19
Acres
$449,000 | 2300 Jefferson Avenue Northeast, Unit G131, Renton, WA 98056
1/31

Courtesy of NWMLS

Open: 8/8 01:00PM - 03:30PMVirtual Tour

$449,000

3
Bedrooms
1,454
Square Feet
Unavailable
Acres
$1,275,000 | 3527 Northeast 7th Street, Renton, WA 98056
1/33

Courtesy of NWMLS

Open: 8/9 12:30PM - 02:30PM

$1,275,000

5
Bedrooms
2,833
Square Feet
0.14
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 547 Index Place Northeast, Renton, WA 98056
$845,000
2,620
8,611
$650,000
4
2,020
5,947
$203,000
3
1,250
0
$487,000
2,270
7,194
$495,000
4
1,090
7,685
3
1
1,090
8,000

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 Pilot Ventures LLC

Based on information submitted to the MLS GRID as of 09/05/2024 05:43 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.