9624 Renton Avenue S Unit #ABCD, Seattle, WA 98118

$1,075,000
3,080
SqFt

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Listing courtesy of John L. Scott, Inc.

List Price
$1,075,000
Status
PENDING - BACKUP OFFER REQUESTED
MLS#
2484871
Days on Market
148
Style
54 - 4-Plex
Finished SqFt
3,080
Area Total SqFt
3080
Annual Tax Ammount
3200
Lot Size (sq ft)
9,345
Sewer
Sewer Connected

Property Description

Rare Investment Opportunity: 4-Unit Condo Portfolio in 98118. This offering includes four legally separate 2-bed/1-bath condominium units (9618, 9620, 9624, & 9626 Renton Ave S) being sold together as a single 4-unit investment package. Unlike a traditional 4-plex, these units have separate tax IDs and individual lots. Each ~770 sq. ft. unit offers a functional floor plan primed for value-add upgrades. Significant upside potential through cosmetic refreshes: modern flooring, updated kitchens, and in-unit laundry can substantially increase market rents in this high-demand pocket of South Seattle. The property features established yard spaces and a functional layout that appeals to long-term tenants. Strategically located near transit, light rail, and the vibrant Columbia City core.

Additional Information

List Date
2026-02-28 22:39:10
Community
Rainier Beach
Net Operating Income
$63,208
Gross Adjusted Income
$88,800
Gross Scheduled Income
$88,800
Total Monthly Income
$3,650
Insurance Expenses
$12,000
Water/Sewer/Garbage Expenses
$3,840
Gross Rent Multiplier
12.11
Total Expenses
$25,592
Cap Rate
5.88
Total Number of Units
4
Unit Name
9624
Potential Terms
Cash, Conventional, FHA
Year Built
1955
Roof
Composition
Electric Expenses
6552
Energy Source
Electric
School District
Seattle
Total Monthly Income
$3,650
Gross Scheduled Income
$88,800
Gross Adjusted Income
$88,800
Tax Year
2026
Insurance Expense
$12,000
W/S/G Expenses
$3,840
Total Expenses
$25,592
Net Operating Income
$63,208
Gross Rent Multiplier
12.11
Cap Rate
5.88
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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