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1503 Davis Avenue S Renton, WA $ 575,000
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$ 575,000 Get more info
1503 Davis Avenue S
$ 575,000
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1503 Davis Avenue S

Renton, WA, 98055
$ 575,000
Bedrooms3 Baths2.0 Sq 1,610

Monthly Estimate*

$ 3,971

Listed by Pellego, Inc.
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Multi-Family Home for sale in Renton, WA

for $575,000 with 3 bedrooms and 2 full baths. This 1,610 square foot home was built in 1938 on a lot size of 0.3375.

Exceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14,700 SF corner lot, zoned R-6, with excellent street frontage for future development. Keep the duplex as a rental while building, renovate and partition a second lot, or explore redevelopment potential including multiple homes & DADUs, or middle housing (buyer to verify). Potential territorial views with new two-story construction. Roof replaced in 2021. Both units are tenant occupied on month-to-month leases, offering flexibility for investors and builders. Rent is currently below market. Unit A has 2 bedrooms & 1 bathroom, while Unit B has 1 bedroom & 1 bathroom. Detached garage, basement storage, and city sewer. Seller is open to extended closing and builder-friendly terms.

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Multi-Family Active

Price

$ 575,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,413

Style

Duplex

Lot Size

0.3375

Year Built

1938

Town/City

Renton

County/Region

King

MLS | Web ID

2584400
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 1
Year Built 1938
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 16469
Insurance Expense 2103
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Talbot Hill
Special Listing Conditions None
Status Active
Directions From I-5 North take Exit 2B for Rainier Ave S continue north on Rainier Ave S turn right onto S 15th St then left onto Davis Ave S. Property is on the right.
City Renton
Senior Community Y/N N
High School District Renton
Number Of Units Total 2
MLS Area 340 - Renton/Benson Hill
Lot Size Units Square Feet
Lot Size Square Feet 14700
Carport Spaces 0
Carport Y/N N
Listing Terms Conventional FHA Rehab Loan USDA Loan VA Loan
Tax Annual Amount 5413.94
Electric Expense 0
Fuel Expense 0
Public Remarks Exceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14 700 SF corner lot zoned R-6 with excellent street frontage for futur
Leasable Area 1610
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 3380.39
Property Style 52 - Duplex
Cap Rate 2.86
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Exterior
Exterior Amenities Wood Products
Lot Features Corner Lot Paved Value In Land
Water Source Public
Total Parking 5
Foundation Details Pillar/Post/Pier
Building Area Total 1610
Lot Size Acres 0.3375
Waterfront Y/N N
Covered Spaces 1
Irrigation Water Rights Y/N N
Parking Uncovered Total 4
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2584400
Street Number 1 1503
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* Excluded Features
List By
Marcela Hoag

Listing Agent

Pellego, Inc.

Broker

marcela@pellego.com

Email

Affordability Calculator

$4,422
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$451
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257590 Elementary School
258645 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/18/2026$575,000 Listed Price

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1503 Davis Avenue S, Renton, WA, 98055 is a Multi-Family Home for sale at $575,000 with 1,610 sqft and a lot size of 0.3375. 1503 Davis Avenue S has 3 bedrooms, 2.0 baths, and was built in 1938. The property's zip code is 98055 which is in Renton, WA

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