1409 Monroe Avenue NE, Renton, WA 98056 | MLS #NWM2430021 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of Berkshire Hathaway HS NWNWMLSas Distributed by MLSGrid- MLS# NWM2430021MLS Provider

1409 Monroe Avenue NERenton, WA 98056

Multi-Family · 6 Beds · 2,090 Sq. ft. | 0.50 Acres
$1,300,000 Active

1409 Monroe Avenue NE Overview

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This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!

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1409 Monroe Avenue NE Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,090
  • Price/Sq.ft. $622
  • Lot 0.50 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Renton
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 50400
  • Insurance Expense: 2000
  • Net Operating Income: 39040
  • Total Expenses: 9848
  • Total Monthly Income: 4200
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1942

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 350 - Renton/Highlands
  • Subdivision Name: Renton

Tax Information

  • Tax Annual Amount: $7,848.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 0423059104
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2090
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2090
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Leasable Area: 2090
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Uncovered Spaces: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Curbs, Sidewalk
  • Lot Size Acres: 0.5
  • Lot Size Square Feet: 21780
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Triplex

General Information

  • Carport Spaces: 1
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 3
  • Sewer: Sewer Connected

Unit Information

Unit 3 Details

  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1400
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1700
  • Beds Total: 3
  • Baths Total: 1

1409 Monroe Avenue NE Neighborhood

Community

98056 (Renton) Demographics

38
Median Age
4,049
Population Density (per sq. mile)
52%
College Educated
$95,074
Estimated Median Income
8,249
Estimated Total Home Owners
6,311
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1409 Monroe Avenue NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1409 Monroe Avenue NE Market Data

Based on the last 30 days in this zip code

$1,216,791
Average List Price
$521
Average Price per Square Foot
21
Properties Sold
78
Average Days on Market
153
Properties for Sale
Calculations provided by Reliance Network

1409 Monroe Avenue NE History

Date Event Value Agent
5/12/2026Source: NWMLS Price Reduction
$1,300,000 -5.8%
Joseph Ho & Martin Ho
Listing Agent
9/10/2025Source: NWMLS Added to Database
September 10, 2025
Joseph Ho & Martin Ho
Listing Agent
6/18/2023Source: NWMLS Status Change
Sold
1/2/2023Source: NWMLS Added to Database
January 02, 2023
6/20/2022Source: NWMLS Added to Database
June 01, 2021