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412 Mill Avenue S, Renton, WA 98057

Renton
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: david w petersen, chad michael martini
Office: westlake associates, inc.
MLS#:2566463
Source:NWMLS
412 Mill Avenue S,Renton, WA 98057
$1,550,000
  • - Beds
  • - Baths
  • 5,196 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$298.31

About this home

Mill Avenue Apartments is a low-maintenance 8-unit multifamily in-vestment well suited for a private investor. The property offers eight 1-bedroom / 1-bath corner units (±649 SF), four of which include in-unit washer and dryer, along with common laundry on-site. It is located on a quiet hilltop street with excellent territorial views and sits a stone’s throw from downtown Renton, with convenient access to downtown Seattle’s CBD. Built in 1966 with a low-maintenance brick facade and a full EPDM roof replacement in 2017, the asset is offered at $1,550,000 ($193,750 per unit). Current rents sit below market, providing clear upside with limited capital required and an easily achievable market cap rate of 6.41%. Demand is supported by Boeing’s approximately 12,600-person Renton workforce, Blue Origin’s Kent operations, and the broader Kent Valley employment base of over 230,000 jobs. The property features simple operations and convenient access to freeways, Sea-Tac Airport, parks,...

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Home facts

  • Year built:1966
  • Subdivision & Development:Renton
  • Listing ID #:2566463
  • Updated:September 23, 2026 at 12:27 AM

Rooms and interior

  • Flooring:Ceramic Tile Floor, Vinyl Plank
  • Living area:5,196 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1966
  • Building area:5,196 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish, Wood Exterior Finish
  • Exterior Features:Fenced-Partially

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$298.31
  • Tax amount:$17,505 (2026)

Parking

  • Total parking spaces:2
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 23, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Vicki Monteagudo

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