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MLS: #NWM2535935, Listed By: Joe A. Bernasconi, Windermere Real Estate/PSR Inc, Source:NWMLS - Northwest Multiple Listing Service

320 Williams Avenue

Renton, WA 98057
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Bed 4

Bed

Bath 3

Bath

SqFt2,260

Sqft

Acres0.18

Acre(Lot)

Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.

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Detail Ic Property Details

Property Type : Residential

Price : $995,000

AD Id : 80277030

MLS Id : NWM2535935

Beds : 4

Lot Size : 0.18 Acre

Living Area Size : 2,260

Year Built : 1909

County : King

Subdivision: Terra Verde Villas Ph 2

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Feature Features

  • Bedroom Information

    Total Bedroom: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 2

    Interior Features

    Fireplace, Water Heater Roof: Composition Appliances: Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

    Roofing Information

    Composition
  • Flooring Information

    Flooring: Laminate, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Forced Air, Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1909
  • Exterior Features

    Wood, Wood Products Construction Materials: Wood Foundation Details: Pillar/Post/Pier

  • Lot Information

    Lot Description: Curbs, Sidewalk Lot Square Feet: 7988 Lot Acres: 0.1834

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Structure Type: House

  • Listing Price Information

    Original List Price:$995000

  • Tax Information

    Annual Tax: $6075 Tax Year: 2026 Parcel Number: 7225500375

  • Parking Information

    Total Parking: 5 Driveway, Detached Garage

    Garage Information

    Has Garage: Yes

  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: Downtown City: Renton Direction: From Williams Ave N head south, home on Left.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1521 N 3rd Street, Renton, WA, 98057 $460,000 2 1 754 754 SqFt
314 Factory Avenue, Renton, WA, 98057 $669,900 3 3 1,270 1,270 SqFt
314 Factory Avenue, Renton, WA, 98057 $669,900 3 3 1,270 1,270 SqFt
436 Wells Avenue, Renton, WA, 98057 $845,000 3 2 2,350 2,350 SqFt
145 Park Avenue, Renton, WA, 98057 $849,950 4 3 1,900 1,900 SqFt
400 Cedar Avenue, Renton, WA, 98057 $798,000 4 2 3,570 3,570 SqFt
119 1/2 Main Street, Renton, WA, 98057 $549,950 3 2 1,390 1,390 SqFt
811 Grant Avenue, Renton, WA, 98057 $858,000 3 2 1,980 1,980 SqFt
1006 Grant Avenue, Renton, WA, 98057 $789,000 3 3 1,910 1,910 SqFt
605 Morris Avenue, Renton, WA, 98057 $420,000 2 1 820 820 SqFt
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ByOwner last updated this listing 06/18/2026 @ 06:20

MLS: NWMLS #2535935 LISTED BY: Joe A. Bernasconi, Windermere Real Estate/PSR Inc 425-235-7777 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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