$1,450,000
1003 N 1st Street, Renton, WA 98057
6,735 Sq Ft
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MLS #2526901 / Listing provided by NWMLS & Paragon Real Estate Advisors.

$1,450,000

1003 N 1st Street
Renton, WA 98057

Active 23 hours ago
6,735
Sq Ft
$215
Per Sq Ft
1929
Year Built

This is a rare opportunity to acquire The Riverside Apartments, a classic building located at 1003 N 1st Street, just blocks from downtown Renton. This 13-Unit property offers investors the opportunity to own a character-rich multifamily property in a tightly held Renton location. The Riverside Apartments feature a mix of studio and one-bedroom units. Current in-place rents average $1,229 for studios and $1,284 for one-bedroom units, while comparable properties in Renton are achieving $1,350-$1,450 for studios and $1,400-$1,550 for one-bedrooms. This gap presents a clear opportunity for a new owner to capture meaningful rental upside through light interior renovations and operational improvements at an attractive price per unit. Ideally located just minutes from downtown Renton, The Landing, and Boeing’s Renton facility, with immediate access to I-405, Highway 167, and the Cedar River Trail, the Riverside Apartments are strategically positioned in a high-demand rental corridor. The property offers a compelling combination of strong in-place income and clear rental upside, supported by a deep and stable employment base and continued demand for well-located housing in the area.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 0
  • Total Uncovered Parking Spaces: 0

Structure

  • Roof: Flat
  • Exterior Features: Brick
  • Foundation: Poured Concrete

Lot Details

  • Acres: 0.1552
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Renton

Lot Details

  • Acres: 0.1552
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 17335
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Debbie Burk

Debbie Burk
Broker | REALTOR®

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