Restored Craftsman
145 Park Avenue N, Renton, WA 98057
For Sale
$699,950
Two distinct residences feature updated kitchens, private entries, outdoor space, and off-street parking.
Property Size1,900 SF
Price / SF$368.39
Days on Market184
Property Features for 145 Park Avenue N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
Softwood
Yes
No
2
Electric,Natural Gas
9
Alley,Curbs,Paved,Sidewalk
Public
Deck,Fenced-Fully,Gas Available,Patio,RV Parking
6
0.1234
RV Parking
Wood
Poured Concrete
1900
Building Details
Building Size
Year Built
Stories
Listing Agency:
1 Percent Lists Northwest
(425) 270-5000
Listed By:
Jeff Dickinson · License #36734
(206) 852-9711
Source:
Premierepropertygroup
Added: May 9
Changed: Nov 6
Last Checked: Nov 8 at 4:19AM
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 1 Percent Lists Northwest
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Investment Insights
Based on property information with market context.
This 1900-square-foot duplex, built in 1904, combines period Craftsman detailing with substantial updates. The main residence includes three bedrooms, 1.5 baths, fir flooring, high ceilings, a fireplace, quartz kitchen surfaces, stainless appliances, a gas range, oversized island, pantry, and utility room. The upper unit has a separate entrance, view deck, vaulted ceilings, built-ins, exposed brick, a full kitchen, one bedroom, one bath, laundry, and a tankless water heater. Both units have air conditioning, while the property also includes updated windows, plumbing, wiring, a metal roof, forced-air heat, and basement storage.
The fully fenced grounds offer a front porch, mature landscaping, patio, sliding privacy gate, alley access, and off-street parking. The property is at 145 Park Avenue N in Renton, near Boeing, The Landing, downtown Renton, shopping, restaurants, and parks, with freeway access nearby.
The fully fenced grounds offer a front porch, mature landscaping, patio, sliding privacy gate, alley access, and off-street parking. The property is at 145 Park Avenue N in Renton, near Boeing, The Landing, downtown Renton, shopping, restaurants, and parks, with freeway access nearby.
Key Highlights
- 1900‑square‑foot duplex built in 1904
- Two separate residences with private entrances
- Main unit offers 3 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,694
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,880
$673.9K
Cap Rate 7%
$481,343
$481.3K
Cap Rate 9%
$374,378
$374.4K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$51.3K $27.00/SF
− Vacancy
−$3.2K −$1.67/SF
EGI
$48.1K $25.33/SF
− OpEx
−$14.4K −$7.60/SF
NOI
$33.7K $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%
$673,880
Cap Rate 7%
$481,343
Cap Rate 9%
$374,378
Alternative Uses
Best Use
Multifamily LT 5
$481.3K
$421.2K – $561.6K
NOI $33,694 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$443.9K
$388.4K – $517.9K
NOI $31,071 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$619.1K
$541.7K – $722.2K
NOI $43,334 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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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
$606,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two distinct residences feature updated kitchens, private entries, outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 145 Park Avenue N Renton, WA.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: 1900‑square‑foot duplex built in 1904; Two separate residences with private entrances; Main unit offers 3 bedrooms and 1.5 baths
