$1,550,000
Est. $8,586/mo5,196 sq ft
412 Mill Avenue S, Renton, WA 98057
• Listed Aug 7, 2026•72 days active · 72 cumulative
Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-300-8909; david@westlakeassociates.com
Talk to a local RexMont expert
A local broker replies within minutes
Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-300-8909; david@westlakeassociates.com
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, and everyday amenities.
Listed by David W Petersen • Westlake Associates, Inc.
Listing updated: September 16, 2026 at 03:29pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2566463
Around this home
How much should you offer?
412 Mill Avenue S, Renton, WA 98057
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- 5-9 Units
Flooring
- Ceramic Tile
- Vinyl Plank
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Sartori Elementary SchoolPublic · Grades K-5 · 0.7 mi · State rank 155 of 1,1388/10
- Nelsen Middle SchoolPublic · Grades 6-8 · 1.4 mi · State rank 384 of 5142/10
- Renton Senior High SchoolPublic · Grades 9-12 · 0.5 mi · State rank 301 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 8
- Units in building
- 8
- Units below grade
- false
- Building square feet
- 5,196 sq ft
Income & expenses
- Gross scheduled income
- $150,000
- Total monthly income
- $11,900
- Additional monthly income
- $600
- Gross adjusted income
- $142,500
- Net operating income
- $82,133
- Cap rate
- 5.61%
- Gross rent multiplier
- 10.33
- Vacancy rate
- 5%
- Total expenses
- $55,533
- Insurance
- $9,321
- Other expenses
- $16,640
- Water / sewer / garbage paid by
- 12067
Parking & storage
- Parking spaces
- 2
- Uncovered parking
- 2
Taxes & assessment
- Annual taxes
- $17,505
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 412 Mill Avenue S
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Aug 7, 2026ListedNWMLS via MLS Grid · #2566463$1,550,000$298/sq ft
- Jan 31, 2017SoldNWMLS via MLS Grid · #965420$925,000$178/sq ft
- Nov 16, 2016PendingNWMLS via MLS Grid · #965420$950,000$183/sq ft
- Jul 28, 2016ListedNWMLS via MLS Grid · #965420$950,000$183/sq ft
- Aug 10, 2005SoldNWMLS via MLS Grid · #25064125$563,000$108/sq ft
- Jul 13, 2005PendingNWMLS via MLS Grid · #25064125$628,000$121/sq ft
Mortgage payment forecast
$10,433 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-300-8909; david@westlakeassociates.com
Market pulse
Renton is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 72 days.
Recent sales nearby
Within 1 mile · last 6 months$597,000 Sold
3 days ago
4 bd•2 ba•~1,420 sq ft•Single Family
535 Morris Avenue S, Renton, WA 98057
0%
Over list
35
Days on market
0.4 mi
Distance
$610,000 Sold
1 week ago
3 bd•2.5 ba•~1,270 sq ft•Single Family
314 Factory Avenue N, Renton, WA 98057
2%
Under list
142
Days on market
0.7 mi
Distance
$440,000 Sold
2 weeks ago
3 bd•1 ba•~1,250 sq ft•Single Family
544 S Morris Avenue, Renton, WA 98057
4%
Over list
42
Days on market
0.4 mi
Distance
$375,000 Sold
3 weeks ago
3 bd•1.75 ba•~830 sq ft•Single Family
810 N 4th Street, Renton, WA 98057
1%
Over list
63
Days on market
0.8 mi
Distance
$665,000 Sold
6 weeks ago
•Single Family
827 N 1st Street, Renton, WA 98057
0%
Over list
95
Days on market
0.5 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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 18, 2026 at 12:43 PM PT (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.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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.
