Fixer Triplex with Views in Renton

Investor/Builder/Contractor Alert!  

Finish off this high-quality project and reap the rewards! Legal triplex fixer, down to the studs! Corner lot with no neighbors and AMAZING territorial views from every floor, of Lake Washington, Olympic mountains, downtown Renton. Cedar River water property next door, will never develop. 

Great location-Easy walk to downtown Renton (walk score 83); close to airports, Boeing, public transit, The Landing, shops, restaurants. Gas at street.

Asking $500,000. Seller financing available. Please contact Wendy Ceccherelli at wendy@c21nwr.com for details or to schedule a showing.

339 Cedar Avenue S, Renton, WA

Happy Investing!

Seattle Multifamily Sales

There have been 78 sales of duplexes, triplexes and 4-plexes in Seattle in the past six months. These smaller multifamily properties may be financed as residential, rather than commercial properties; so new investors and owner-occupants looking to save on mortgage costs love them.

The $500K - $600K price range is the most popular for small multifamily sales in Seattle, with the median price being $470,000.

46 of the 78 sales (59%) were for duplexes. The median duplex of 2100sf sold for $377,500 ($179.76/sf)in 61 days. One-third of these sales were in the 705 NWMLS area of Ballard, Green Lake, Phinney Ridge, Fremont and Woodland Park. The median duplex there had 1860sf and sold for $430,000 ($231.18/sf)in 60 days.

21 sales (27%) were for triplexes. The median triplex of 2600sf sold for $542,000 in 50 days ($208.46/sf). Ballard had the most transactions for triplexes, with the median Ballard tri going for $599,500 in 7 days for a 2925sf property ($204.96/sf).

The remaining 11 sales (14%) were for 4-plexes, with median size of 3864sf that sold in 96 days for $785,000. Three of these transactions were located in Ballard, where the median price was $875,000 for the same square footage, and which sold in 31 days.