1503 Davis Ave S, Renton, WA 98055

Building Details

Year Built 1938 More

Listed By: Graham McCarthy Realty Group Show Phone

Source: Grahammccarthyrealty

Added: Sep 19 Changed: Oct 31 Last Checked: Nov 3 at 6:10AM

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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 Graham McCarthy Realty Group

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,552

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$571,040 $571.0K

Cap Rate 7%

$407,886 $407.9K

Cap Rate 9%

$317,244 $317.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,610 SF

Gross rent

$43.5K $27.00/SF

− Vacancy

−$2.7K −$1.67/SF

EGI

$40.8K $25.33/SF

− OpEx

−$12.2K −$7.60/SF

NOI

$28.6K $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%

$571,040

Cap Rate 7%

$407,886

Cap Rate 9%

$317,244

Alternative Uses

Best Use

Multifamily LT 5

$407.9K

$356.9K – $475.9K (±1% cap)

NOI $28,552 @ 7.0% cap · market cap 4.97%

Second Best

Apartment 5plus

$376.1K

$329.1K – $438.8K (±1% cap)

NOI $26,329 @ 7.0% cap · market cap 4.58%

Theoretical Best

Office A

$524.6K

$459.0K – $612.0K (±1% cap)

NOI $36,720 @ 7.0% cap · market cap 6.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Wine and Liquor Store Tanning Salon Acupuncture

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

Location Intelligence

Trade Area within ½ mile

1,080

Businesses Nearby

Explore this area Business Placement

Demographics for 98055, WA

24,458

Population

9,994

Households

2.4

Avg Household Size

37

Median Age

39%

College-Educated

90%

High-School Grad

4.5 sq mi

ZIP Area

5,435

Density / Sq Mi

$100,207

Median Household Income

$56,931

Median Earnings

$2,098

Median Rent

$561,600

Median Home Value

Market

Average Price Trend$/SF for Duplexes in King County, WA

$568 Jul

$407 Aug

$386 Sep

$428 Oct

Properties on Market for Duplexes in King County

Jul

Aug

Sep

Oct

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

Where is this duplex located?

The property is located at 1503 Davis Ave S Renton, WA.

What is the asking price?

The asking price for this property is $575,000.