Riverside Apartments
1003 N 1st St Renton, WA 98057
Property Type Multi-family
Price $1,450,000
Status Active
Property 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
Map single
