$575,000

3 Beds 2 Baths 1,610 SQFT 0.34 Acres

Type: Multi-Family

1503 Davis Avenue S
Renton, WA 98055

MLS#: 2584400

Presented by: Pellego, Inc. and NWMLS

Property Description

Exceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14,700 SF corner lot, zoned R-6, with excellent street frontage for future development. Keep the duplex as a rental while building, renovate and partition a second lot, or explore redevelopment potential including multiple homes & DADUs, or middle housing (buyer to verify). Potential territorial views with new two-story construction. Roof replaced in 2021. Both units are tenant occupied on month-to-month leases, offering flexibility for investors and builders. Rent is currently below market. Unit A has 2 bedrooms & 1 bathroom, while Unit B has 1 bedroom & 1 bathroom. Detached garage, basement storage, and city sewer. Seller is open to extended closing and builder-friendly terms.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories2

General

AmenitiesBasement

Building Area Units0 sqft

Cap Rate2.86

Carport Spaces0

Carport Y/NNo

CityRenton

CoolingNone

CountyKing

DirectionsFrom I-5 North, take Exit 2B for Rainier Ave S, continue north on Rainier Ave S, turn right onto S 15th St, then left onto Davis Ave S. Property is on the right.

Electric Expense0

Fuel Expense0

Garage Spaces1

HOANo

HOA Fee$0

HeatingBaseboard

High School DistrictRenton

Insurance Expense2103

Leasable Area1,610 sqft

Listing TermsConventional, FHA, Rehab Loan, USDA Loan, VA Loan

Living Area0 sqft

Lot Size Square Feet14,700 sqft

Lot Size UnitsSquare Feet

MLS Area340 - Renton/Benson Hill

NWM_ShowMapLinkY

Net Operating Income16469

New ConstructionNo

Number Of Units Total2

PossessionClosing

Property Style52 - Duplex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksExceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14, 700 SF corner lot, zoned R-6, with excellent street frontage for futur

RoofComposition

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeDuplex

Subdivision NameTalbot Hill

Tax Annual Amount$5,414

Tax Year2025

Units Below Gradetrue

Units In Building Total2

Water Sewer Garbage3380.39

Year Built1938

Exterior

Building Area Total1,610 sqft

Covered Spaces1

Exterior AmenitiesWood Products

Foundation DetailsPillar/Post/Pier

Irrigation Water Rights Y/NNo

Lot FeaturesCorner Lot, Paved, Value In Land

Lot Size Acres0.3375

Parking Uncovered Total4

Total Parking5

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School N/A

Elementary School N/A

Middle School N/A

Similar Properties

$575,000

3 Beds 2 Baths 1,610 SQFT 0.34 Acres

Type: Multi-Family

1503 Davis Avenue S
Renton, WA 98055

MLS#: 2584400

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Property

$575,000

1503 Davis Avenue S
Renton, WA 98055

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$575,000

1503 Davis Avenue S
Renton, WA 98055

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Property

$575,000

1503 Davis Avenue SRenton, WA 98055

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$575,000

1503 Davis Avenue SRenton, WA 98055

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1503 Davis Avenue S
Renton, WA 98055

1503 Davis Avenue S
Renton, WA 98055