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    914-916 S 3Rd St Renton, WA 98057

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    For Sale
    $1,080,000

    Fully occupied mixed-use property in historic downtown Renton.

    Property size:
    6,684 SF

    Property Features for 914-916 S 3Rd St

    General Information

    Size
    6,684 SF

    Source: Mark Thygesen Agent Mark Thygesen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Renton Mixed-Use Building

    Located in the historic downtown of Renton, Washington, this mixed-use property offers an investment opportunity. Constructed in 1916, the 6,684 square foot building features retail space and four apartment units. The property is currently 100% occupied, generating rental income from commercial and apartment tenants. Situated in a community with boutique shops, dining spots, and cultural attractions, the property benefits from foot traffic and visibility. Its location near major transportation routes, including Interstate 405 and Seattle-Tacoma International Airport, enhances its desirability for tenants. The property retains its architectural character, while opportunities exist for improvements to enhance its appeal and value. The historic downtown setting adds charm, attracting tenants and customers who appreciate community-oriented urban living. As Renton continues its revitalization efforts, this property is positioned for transformation.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.2050163
    Latitude
    47.4798159

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use property in historic downtown Renton.
    Where is this mixed-use property located?
    The property is located at 914-916 S 3Rd St Renton, WA.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: - 100% occupied, generating reliable cash flow with a 5.56% cap rate.; - Located in historic downtown Renton, a high-traffic area with shops, restaurants, and cultural attractions.; - Significant value-add potential through property improvements.
    (206) 650-6006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    914-916 S 3Rd St Renton, WA 98057
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