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75-Unit Garden-Style Apartment Community
New
For Sale
$16,500,000

1190 Union Ave, Renton, WA 98059

One- and two-bedroom residences include private outdoor space and individual washer/dryer hookups.

Property SizeContact for details
Lot Size2.27 Acres
Days on Market1

Property Features for 1190 Union Ave

General Information

Standard status Active
Total Parking Spaces 113
Lot size 2.27 Acres
Property subtype Multi-Family
Zoning RM-F

Additional Details

Road Access Yes
Multifamily Units 75

Amenities

private balconies/patios with storage
fireplaces
washer/dryer hook-ups
common laundry facility
secure mail room
leasing office

Building Details

Year Built 1983
Buildings 6
Construction garden-style
Listing Agency: R.H. Cooke & Associates
Listed By: Bob Cooke · License #12404
Source: Rhcooke.idxbroker
Added: Oct 7 Last Checked: Oct 7 at 1:54PM

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 R.H. Cooke & Associates

Investment Insights

Based on property information with market context.

Rainier Crest is a 75-unit apartment community arranged across six buildings on a 98,654-square-foot parcel. Built in 1983, the property offers a mix of one- and two-bedroom apartments, with balconies or patios, storage, and fireplaces. Each unit has washer/dryer hookups, and residents also have access to a shared laundry facility. Common-area improvements include a secure mail room and a leasing office with an apartment. Zoning is RM-F.

The site has access from its east and west sides, with 113 parking stalls, including 60 covered spaces and 53 open spaces. Mature trees and landscaping are also present on the property.

Key Highlights

  • 75 apartments across six buildings on a 98,654‑square‑foot lot
  • One- and two‑bedroom unit mix; apartments have balconies or patios, storage, and fireplaces
  • Washer/dryer hookups in every unit, plus a common laundry facility

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Electrical Service Barber Shop Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

75
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby

Demographics for 98059, WA

41,672
Population
15,001
Households
2.8
Avg Household Size
38
Median Age
51%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
2,572
Density / Sq Mi
$134,336
Median Household Income
$67,119
Median Earnings
$2,230
Median Rent
$809,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - One- and two-bedroom residences include private outdoor space and individual washer/dryer hookups.
Where is this apartment building located?
The property is located at 1190 Union Ave Renton, WA.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: 75 apartments across six buildings on a 98,654‑square‑foot lot; One- and two‑bedroom unit mix; apartments have balconies or patios, storage, and fireplaces; Washer/dryer hookups in every unit, plus a common laundry facility
More about this property
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