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1409 Monroe Ave NE
Renton, WA 98056 President Park

$1,300,000 USD

Land For Sale  •  0.5 AC

Property Details

  • Property Type Land
  • Lot Size 0.5 AC
  • Zoning CV - Center Village
30 Transit Score
50 Walk Score

Description 

Market rental for decade-old & recently remodeled assets have held up over $2/SF on 2-beds & mid-$2/SF for 1- beds & studios. Strong area employment may support strong rental rate growth on newly-built apartments. This project may also be well-suited for workforce housing around the 60% Area Median Income (AMI) with many comparable rent-subsidized properties in the vicinity.

Highlights

Zoning: Center Village (CV) Zone
Vehicles per Day: 24,188 VPD (2020)
Present Use: 3 Single-Family Residences
Approved Use: Commercial Space

Public Transportation

Commuter RailDriveWalkDistance
Tukwila Amtrak (Amtrak Cascades - Amtrak) 11 min - 6.1 mi
Tukwila Station (Seattle - Tacoma/Lakewood - Sound Transit) 12 min - 6.2 mi
AirportDriveWalkDistance
Seattle-Tacoma International 18 min - 9.5 mi
Seattle Paine Field International 45 min - 32.5 mi
Martin Ho 425-453-9100 Berkshire Hathaway Northwest Real Estate
Martin Ho 425-453-9100 Berkshire Hathaway Northwest Real Estate