1177 Harrington Ave, Renton, WA 98056
22-unit multifamily property in Renton's Highland Park neighborhood.
- Added:
- Jul 24, 2025
- Days on Market:
- 334
- Last Refresh:
- May 11 at 1:35 am
Property Features for 1177 Harrington Ave
General Information
- Standard status
- Active
- Size
- 20,145 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing agent TANNER FOGLE
Listing office PARAGON REAL ESTATE ADVISORS
Listing date Jul 24, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of PARAGON REAL ESTATE ADVISORS
HighLights
- Desirable Highland Park neighborhood location in Renton, Washington.
- Updated asset with immediate rental upside potential.
- Large units, with a majority over 900 square feet.
- In‑unit washers and dryers.
- Full kitchens.
- Consistent renovations over the past eight years.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $640.6k | $31.80 |
| − Vacancy | −$41.6k | −$2.07 |
| EGI | $599.0k | $29.73 |
| − OpEx | −$269.5k | −$13.38 |
| NOI | $329.4k | $16.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Renton
- County
- King
- State
- Washington
- Longitude
- -122.183
- Latitude
- 47.5027
