320 Williams Avenue N, Renton, WA 98057

• 4 beds |
• 3 baths |
• 2,260 sqft

Property Description

Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.

Listing Status:

Active

Data Last Updated:

June 13, 2026 at 2:22PM

Listing Office:

Windermere Real Estate/PSR Inc : 425-235-7777

Listing Agent:

Joe A. Bernasconi : 425-235-7777

MLS ID:

2535935

Interior

• General: FireplaceWater Heater
• Appliances: DryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
• Basement: None
• Flooring: LaminateCarpet
• A/C: None
• Heating: Forced AirWall Furnace
• Fireplace: ElectricFireplaceFireplaces: 1

Exterior

• General: WoodWood Products
• Parking: DrivewayDetached GarageParking spaces: 5

Construction

• Roofing: Composition
• General: One and One HalfPillar/Post/Pier

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Renton
• County: King

Lot

• Topography: Level
• Zoning: 7225500375

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls