441 Smithers Avenue S

Renton, WA 98057

Downtown Renton 6 unit – consisting of a turn-of-the-century duplex and a fourplex that was added to the lot in the 80’s. The building offers investors the opportunity to acquire a well-maintained, income-producing asset in a highly walkable location with stable day-one cash flow and additional future upside. Five of the six units have been fully renovated with LVP flooring, modern cabinetry, updated fixtures and quartz countertops, delivering an updated interior finish that aligns with current renter expectations while preserving additional upside in the remaining unit. Residents benefit from desirable amenities including private patios or decks, ample on-site parking, and community laundry facilities. New ownership can capitalize on strong in-place returns while continuing to optimize rents and operations in a supply-constrained submarket. Offered at an in-place 6.2% cap rate, Renton 6 presents a compelling investment opportunity combining strong in-place income, proven rental demand, and long-term hold potential in one of South King County’s most walkable and accessible locations. The duplex located on the parcel is not recognized by the county or the city of Renton, making this parcel a Fourplex with an unpermited Duplex onsite built around 1930.

Courtesy of NWMLS
Listing courtesy of Tanner Fogle of Paragon Real Estate Advisors



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Last checked: 2026-04-09 02:34 AM PDT