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1003 N 1st St
Renton, WA 98057 North Renton

$1,450,000 USD

Apartments For Sale • 8,439 SF

Property Details

Property Type Apartments
Total Building Size 8,439 SF
Lot Size 0.15 AC
Building Class C
Year Built 1929
Cap Rate 6.75 %
Zoning MR, Renton

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                 Value-add potential through light interior renovations and operational improvements
                            
                                Walking distance to Downtown Renton, The Landing, and the Cedar River Trail
                            
                                Stable in-place cash flow with clear upside, appealing to both yield-focused and value-add investors
                            
                                Proven rental demand supported by proximity to major employers including Boeing Renton, Providence, and Downtown Seattle Commuters
                            
                                On-site laundry generates additional income with opportunity for modernization and increased revenue
                            
                                Opportunity to implement utility bill-back strategies such as RUBS to further increase net operating income, subject to buyer verification

Property Flyers

Riverside Apartments - RJDTJF

Financial Summary (Actual)

Net Operating Income: $97,935 USD (2025)

Cap Rate:	6.75 %
Total Expenses:	$91,234 USD

Amenities

24 Hour Access
Controlled Access
Laundry Facilities
Tenant Controlled HVAC
Heating
Trash Pickup - Curbside
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Seattle-Tacoma International	14 min	-	7.7 mi
Seattle Paine Field International	45 min	-	33.2 mi

Tanner Fogle 360-771-0010 Paragon Real Estate Advisors

1003 N 1st St Renton, WA 98057 North Renton