228 Pelly Ave N $545,000


    228 Pelly Ave N Renton, WA 98057

    • 0 Beds
    • 0 Baths
    • 1,870 sq.ft.
    • Multi-Family
    Listing# 1453195 | Active


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    Days On Market: 104 1 Views
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    Property Details

    The Pelly House Apartments is a well located 7 unit building in Downtown Renton walking distance to transit station and less than 1 mile to The Landing in Renton. With current rents way under market, an investor can capture the upside in rent with a market cap rate just under 8%! The building has a pitched composite roof, recent exterior paint, coin-op laundry and upgraded vinyl windows. There is extra garage space off the alley that could be rented for additional income.

    • General Features
      • County King
      • Style 55-5-9 Units
      • Number of Stories 2
      • Number of Units 7
      • Year Built 1907
      • Lot Square Footage 5,375
      • County King
    • Building Features
      • Approx SqFt 1,870
      • Roof Compostion
      • Exterior Metal/Vinyl, Wood Products
    • Financials
      • Total Monthly Income $4,540
      • Net Operating Income $33,673
      • Gross Scheduled Income $54,480
      • Gross Adjusted Income $51,756
      • Total Expenses $18,083
      • Other Expenses $2,500
      • Insurance Expenses $1,500
      • Expenses $18,083
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 10
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $5,583
      • Energy Source Electric
      • Heating and Cooling Radiant
      • Sewer Company Sewer Connected
    • Schools
      • School District Renton



    98057 (Renton) Demographics

    34Median Age
    2,125Population Density (per sq. mile)
    38%College Educated
    $42,540 Estimated Median Income
    1,522Estimated Total Home Owners
    4,332Estimated Total Renters
    26% / 74%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    12,963Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $440,000 Median Sales Price
    11 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $545,000
        6/20/2019 10:41:13 AM Status Changed Source New Value: Active
        6/13/2019 9:21:36 AM Status Changed Source New Value: Pending
        5/8/2019 9:41:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.