1409 Monroe Avenue Northeast
1409 Monroe Avenue Northeast
Renton, WA 98056
$1,300,000
Last Sold Price
6
Beds
3
Baths
2,090 Sq. Ft.
$622 / Sq. Ft.
2,090
Sq. Ft.
$622
per Sq. Ft.
Sold 6/16/23
Sold 6/16/23
Listing provided courtesy of CENTURY 21 Real Estate Center, TNC Real Estate Solutions Inc
Description
This is a special delimiter sentence. This is a special delimiter sentence $200K price improvement Income-producing $45,600 current $73,560 proforma. Consisting of three (3) detached single-family houses on a half-acre lot, this versatile SUNSET BLVD NE investment property provides savvy & opportunistic investors multiple exit strategy options including: Bringing tenant rents up to market rates; permits are ready to redevelop for 35-unit apartments & 5,000 SF commercial space; or propose live-work...This is a special delimiter sentence. This is a special delimiter sentence $200K price improvement Income-producing $45,600 current $73,560 proforma. Consisting of three (3) detached single-family houses on a half-acre lot, this versatile SUNSET BLVD NE investment property provides savvy & opportunistic investors multiple exit strategy options including: Bringing tenant rents up to market rates; permits are ready to redevelop for 35-unit apartments & 5,000 SF commercial space; or propose live-work lofts, townhouse condos or commercial-only builds. The urban village this property is situated in, has projects under construction that would yield around 700 multifamily units, 100 townhouses & 40,000 SF retail & walking/quick drive distance to many of Renton Highlands' most popular restaurants, bars & retailers.
- Listed by Jonathan Nicoli • CENTURY 21 Real Estate Center
Property Details for 1409 Monroe Avenue Northeast
Community Name
Highlands
School DistrictRenton
Number of Assigned Spaces9
Total Covered Parking1
Entry Date01-02-2023
Energy SourceElectric
SewerAvailable
Location
Listing Courtesy of CENTURY 21 Real Estate Center![]()
Sold By TNC Real Estate Solutions Inc
Add your commute
LISTING UPDATED: 06/18/2023 05:07 PM
Property Details for 1409 Monroe Avenue Northeast
| Status | Sold |
|---|---|
| MLS # | 2022241 |
| Days on Market | 126 |
| Cumulative Days on Market | 127 |
| Taxes | $9,553 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1942 |
| Lot Size | 0.50 AC / 21,780 SF |
| County | King County |
Location
Listing Courtesy of CENTURY 21 Real Estate Center![]()
Sold By TNC Real Estate Solutions Inc
Add your commute
Building Information for 1409 Monroe Avenue Northeast
Stories1Residences3Year Built1942Building Size-Lot Size0.50 AC / 21,780 SF
Payment Calculator
$7,891 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,095
Property Taxes
$796
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1409 Monroe Avenue Northeast
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Cable TV
- Area: 350 - Renton/Highlands
- Elementary School: Highlands Elem
- Middle Or Junior School: Mcknight Mid
- Effective Year Built Source: See Remarks
- Directions: SB: on I-405, take exit 5 toward WA-900 E/Sunset Blvd NE. On the offramp, turn L onto N Southport Dr. Continue onto NE Park Dr/NE Sunset Blvd for 1.3m then turn R onto Monroe Ave NE. Location on R.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
- Additional Tax Ids: 042305-9104
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 9.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://www.zeptore.com/monroe-sunset
- Virtual Tour URL Description: Online Offering Memorandum
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Cooling: Yes
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: See Remarks
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Business,Commercial,Multi-Family,Office,Residential,Retail
- First Right Of Refusal: false
- Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1942
- Photos Count: 10
Lot Information
- Lot Details: Corner Lot, Paved, Sidewalk
- Lot Size Source: County
- Parcel Number Free Text: 0423059104
- Calculated Square Footage: 2090
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2090.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 9
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 9553
- Gross Adjusted Income: 36047
- Gross Rent Multiplier: 29
- Gross Scheduled Income: $45,600
- Insurance Expense: $0
- Net Operating Income: $36,047
- Other Expenses: $0
- Total Monthly Income: 3800
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 880
- Rent Unit 1: $1,600.00
- Bedrooms Unit 1: 3
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 660
- Rent Unit 2: $1,200.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Square Feet Unit 3: 550
- Rent Unit 3: $1,000.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2090.0
- Leasable Area Units: Square Feet
Property History for 1409 Monroe Avenue Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1409 Monroe Avenue Northeast
Taxable ValueLand$631,000Additions$190,000Total$821,000
Tax Record2022$8,104 ($675 / month)
Home Facts
Beds3Baths3Total Finished SqFt880 SqFtAbove Ground SqFt880 SqFtStories1Lot Size21,780 SqFtStyleSingle Family ResidenceYear Built1942ZoningCVCountyKINGAPN042305-9104
Schools near 1409 Monroe Avenue 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 |
|---|---|---|
Honey Dew Elementary School PublicK to 5 | ||
Vera Risdon 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.
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Listing Courtesy of CENTURY 21 Real Estate Center
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.