Side-by-Side Duplex with
For Sale
$599,950
125 Hayes Place SW 1 & 2, Renton, WA 98057
Both residences are tenant-occupied, with additional front parking and shared garage space.
Property Size1,270 SF
Price / SF$472.40
Days on Market49
Property Features for 125 Hayes Place SW 1 & 2
General Information
Standard status
Active
Size
1,270 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Neighborhood
Earlington Hill
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1948
Tenancy
Multi
Listing Agency:
Dove Realty, Inc.
(425) 271-7727
Listed By:
James Nguyen · License #10694
(206) 639-8401
Source:
Dulayhomes
Added: Sep 19
Changed: Nov 5
Last Checked: Nov 6 at 7:15AM
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 Dove Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 1948, this side-by-side duplex contains two occupied units. One unit includes French doors opening to a room that can serve as a second bedroom or office. The other has access to a separate rear building with laundry and storage. Each residence shares half of the garage, and additional parking is available at the front.
The property is near shopping, restaurants, freeway access, and bus lines. Its Renton address places it within walking distance of those nearby services and transit options.
The property is near shopping, restaurants, freeway access, and bus lines. Its Renton address places it within walking distance of those nearby services and transit options.
Key Highlights
- Two‑unit side‑by‑side duplex built in 1948
- Both units are occupied by tenants
- French‑door room can function as a second bedroom or office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,522
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,440
$450.4K
Cap Rate 7%
$321,743
$321.7K
Cap Rate 9%
$250,244
$250.2K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$34.3K $27.00/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$32.2K $25.33/SF
− OpEx
−$9.7K −$7.60/SF
NOI
$22.5K $17.73/SF
Area
Renton, WA
Vacancy
6.17%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,440
Cap Rate 7%
$321,743
Cap Rate 9%
$250,244
Alternative Uses
Best Use
Multifamily LT 5
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$296.7K
$259.6K – $346.2K
NOI $20,769 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$413.8K
$362.1K – $482.8K
NOI $28,965 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
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Business Placement
Demographics for 98057, WA
13,493
Population
6,656
Households
2
Avg Household Size
38
Median Age
34%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
2,176
Density / Sq Mi
$68,097
Median Household Income
$53,994
Median Earnings
$1,767
Median Rent
$606,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in King County, WA
Properties on Market for Duplexes in King County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied, with additional front parking and shared garage space.
Where is this duplex located?
The property is located at 125 Hayes Place SW 1 & 2 Renton, WA.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex built in 1948; Both units are occupied by tenants; French‑door room can function as a second bedroom or office
