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Listed by: David W Petersen (206) 300-8909 , Chad Michael Martini (206) 321-3226 | Westlake Associates, Inc. (206) 505-9400
$1,550,000
Monthly Est:$7,715
8 Beds
8 Baths
5,196sqft
412 Mill Ave S, Renton, WA 98057
$1,550,000
$7,715/moEst:
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Multi Family
Built in 1966
$-- HOA
5,090 sqft lot
$298/sq.ft
Description
Mill Avenue Apartments is a low-maintenance 8-unit multifamily in-vestment well suited for a private investor. The property offers eight 1-bedroom / 1-bath corner units (±649 SF), four of which include in-unit washer and dryer, along with common laundry on-site. It is located on a quiet hilltop street with excellent territorial views and sits a stone’s throw from downtown Renton, with convenient access to downtown Seattle’s CBD. Built in 1966 with a low-maintenance brick facade and a full EPDM roof replacement in 2017, the asset is offered at $1,550,000 ($193,750 per unit). Current rents sit below market, providing clear upside with limited capital required and an easily achievable market cap rate of 6.41%. Demand is supported by Boeing’s approximately 12,600-person Renton workforce, Blue Origin’s Kent operations, and the broader Kent Valley employment base of over 230,000 jobs. The property features simple operations and convenient access to freeways, Sea-Tac Airport, parks, and everyday amenities.
- Houzeo last checked: 12 hours ago
- Listing updated: September 16, 2026 at 10:29 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2566463
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1966
HOA Fees
-
Finished Area
5,196 sqft
Lot Size
5,090 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2566463
MLS Status
Active
Days on Market
57
Cumulative Days on Market
56
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 8
Interior
Exterior Features
Brick, Wood
Heating
Baseboard
Sewer
Sewer Connected
Cooling
None
Flooring
Ceramic Tile, Vinyl Plank
Construction
Year Built
Year Built: 1966
Home type
Multi Family
Construction Materials
Brick, Wood
Roof
Flat
Utilities & Energy
Security Features
Partially Fenced
Other Features
Lot Features
Alley, Curbs, Paved, Sidewalk
Subdivision Name
Renton
Price History
| Date | Event | Price |
|---|---|---|
08/07/2026 Source: | Listed for Sale | $1,550,000 +67.57% $298/sqft |
01/31/2017 Source: | Price Increased | $925,000 +64.30% $178/sqft |
08/11/2005 Source: | Sold | $563,000 $108/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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