81 SW 2nd St

—
Beds
—
Baths
2,912 Sq. Ft.
$455 / Sq. Ft.
2,912
Sq. Ft.
$455
per Sq. Ft.

Description

Fully remodeled Triplex with excellent cash flow & upside potential. One-of-a-kind design & layout; all 3 units are situated in the corner with 3 sides detached. The building consists of one large two-level townhouse style unit with 3 BR/2ba and two 2BR/1ba units plus storage. All units have a highly desirable open floorplan with abundant natural light, a fireplace, in-unit W/D, and assigned parking. Tenants pay for all utilities and lawn maintenance. Easy to manage and easy to rent. Huge backyard...Fully remodeled Triplex with excellent cash flow & upside potential. One-of-a-kind design & layout; all 3 units are situated in the corner with 3 sides detached. The building consists of one large two-level townhouse style unit with 3 BR/2ba and two 2BR/1ba units plus storage. All units have a highly desirable open floorplan with abundant natural light, a fireplace, in-unit W/D, and assigned parking. Tenants pay for all utilities and lawn maintenance. Easy to manage and easy to rent. Huge backyard offers a possibility for expansion. Centrally located within a short distance of Seattle, Bellevue, SeaTac, and major employers. Don't miss the opportunity to own a cash-generating asset in pristine condition to hedge against inflation.
  1. Listed by Bill Johnson • William E. Johnson
    P: (760)-760-4320 broker@drslisting.com

Property Details for 81 Southwest 2nd Street

Community Name
Renton
School District
Renton
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
05-21-2022
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING CLOSED: 08/05/2022 12:00 AM

Property Details for 81 Southwest 2nd Street

StatusSold
MLS #1937184
Days on Market63
Cumulative Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.18 AC / 7,777 SF
CountyKing County

Location

Listing Courtesy of William E. Johnson

Sold By The Foundation Group LLC

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Building Information for 81 Southwest 2nd Street

Stories2Residences4Year Built1960Building Size-Lot Size0.18 AC / 7,777 SF

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$7,353 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,603

Property Taxes

$750

HOA Dues

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Property Information for 81 Southwest 2nd Street

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 340 - Renton/Benson Hill
  • Directions: From 405, exit 2, north rainier ave s, turn left on SW Sunset Blvd. Turn north on Hardie Ave SW, turn left on SW @nd St. Triplex on left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Features: Forced Air
  • Amenities: Storage,Thermal Windows
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 0
  • Power Production Type: Electric, Natural Gas
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • First Right Of Refusal: false
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 23
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 1823059190
  • Calculated Square Footage: 2912
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2912.0
  • 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: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 0
  • Gross Adjusted Income: 82740
  • Gross Rent Multiplier: 15.6
  • Gross Scheduled Income: $82,740
  • Insurance Expense: $0
  • Net Operating Income: $75,837
  • Other Expenses: $0
  • Total Monthly Income: 6895
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3400.0
  • Leasable Area Units: Square Feet

Property History for 81 Southwest 2nd Street

DateEvent & SourcePriceAppreciation
Aug 5, 2022

Sold

NWMLS #1937184

$1,325,000—
Aug 4, 2022

Sold (Public Record)

Public Record #1495164729

$1,325,000

+12.4% / yr

Jul 23, 2022

Pending

NWMLS #1937184

—
DateEvent & SourcePrice
08/05/2022

Sold

NWMLS #1937184

$1,325,000
08/04/2022

Sold (Public Record)

Public Record #1495164729

$1,325,000

+12.4% / yr

07/23/2022

Pending

NWMLS #1937184

—

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

Public Records for 81 Southwest 2nd Street

Taxable ValueLand$343,000Additions$487,000Total$830,000
Tax Record2025$9,005 ($750 / month)
Home Facts
Baths3.8Total Finished SqFt3,860 SqFtAbove Ground SqFt2,750 SqFtFinished Basement SqFt1,110 SqFtStories1Lot Size7,777 SqFtStyleTriplexYear Built1960ZoningR-10CountyKINGAPN182305-9190Fireplace TypeHas Fireplace

Schools near 81 Southwest 2nd 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 William E. Johnson

Based on information submitted to the MLS GRID as of 09/05/2024 05:45 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.