$400,000
Est. $2,039/mo4 bd•1 ba•1,330 sq ft
500 Mill Avenue S, Renton, WA 98057
• Listed 2026-07-07•7 days on market
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Bring your tools, design plans, and sweat equity to 500 Mill Avenue South! Nestled in a highly accessible Renton neighborhood, this property presents a fantastic blank slate for flippers, landlords, or ambitious homeowners looking to build immediate equity in a competitive real estate market. The home is in clear need of some repairs, structural attention, and cosmetic updates to fulfill its true potential, making it the perfect candidate for a comprehensive transformation. Because of the required updates, traditional financing will likely not qualify, making this property a cash-only sale. The property is strictly being sold in its current "as-is, where-is" condition with all faults. The seller will make no repairs, modifications, or inspection concessions, allowing an investor to step in and take full charge of the renovation process. Situated on a functional lot with R-10 high-density zoning potential, this location offers convenient access to Downtown Renton, local parks, transit corridors, and major highway routes for an easy daily commute. Do not miss this rare opportunity to purchase a high-potential project in a thriving community. Buyers are advised to verify all property conditions, boundaries, and development capacity to their own satisfaction. Sale subject to approval by the King County Superior Court.
Open houses
2 dates$585,000
+$185,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $538K and $604K.
Rental earnings
$1,750/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$603,500Last sold price
523 Williams Avenue S, Renton, WA 98057
$599,999Last sold price
535 Morris Avenue S, Renton, WA 98057
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
500 Mill Avenue S, Renton, WA 98057
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,619 per month
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 21, 2026 at 09:12pm (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Stuart Heath • Bellmark Real Estate
Listing updated: July 21, 2026 at 09:12pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2550952
Nearby open houses (1)
See more →$365,000
2020 Grant Avenue S #c301, Renton, WA 98055
Wendy Li · Skyline Properties, Inc.
Renton is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 9 days.
$603,500 Sold
5 days ago
3 bd•~1,371 sq ft•Single Family
523 Williams Avenue S, Renton, WA 98057
1%
Over list
—
Days on market
0.2 mi
Distance
$628,050 Sold
2 weeks ago
4 bd•2 ba•~1,660 sq ft•Single Family
98 Hardie Avenue Sw, Renton, WA 98057
5%
Over list
—
Days on market
0.9 mi
Distance
$499,950 Sold
4 weeks ago
2 bd•1 ba•~1,120 sq ft•Single Family
804 N 3rd Street, Renton, WA 98057
0%
Over list
—
Days on market
0.7 mi
Distance
$499,950 Sold
4 weeks ago
2 bd•1 ba•~1,120 sq ft•Single Family
804 N 3rd Street, Renton, WA 98057
0%
Over list
—
Days on market
0.7 mi
Distance
$650,500 Sold
6 weeks ago
2 bd•1 ba•~1,060 sq ft•Single Family
423 Lind Avenue Sw, Renton, WA 98057
3%
Over list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Renton School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
