$575,000
Est. $3,185/mo1,610 sq ft
1503 Davis Avenue S, Renton, WA 98055
• Listed Sep 17, 2026•30 days active · 30 cumulative
Listing Broker: Pellego, Inc.; Marcela Hoag; 360-888-7793; marcela@pellego.com
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Listing Broker: Pellego, Inc.; Marcela Hoag; 360-888-7793; marcela@pellego.com
About this home
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.
Listed by Marcela Hoag • Pellego, Inc.
Listing updated: September 27, 2026 at 08:00pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2584400
Around this home
How much should you offer?
1503 Davis Avenue S, Renton, WA 98055
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
- Duplex
- 260 sq ft garage
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Talbot Hill Elementary SchoolPublic · Grades K-5 · 0.6 mi · State rank 353 of 1,1386/10
- Nelsen Middle SchoolPublic · Grades 6-8 · 1.0 mi · State rank 384 of 5142/10
- Dropout Prevention and Reengagement AcademyPublic · Grades 9-12 · 1.0 mi—
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
- 2
- Units in building
- 2
- Units below grade
- true
- Building square feet
- 1,610 sq ft
Income & expenses
- Gross scheduled income
- $27,600
- Total monthly income
- $2,300
- Gross adjusted income
- $27,600
- Net operating income
- $16,469
- Cap rate
- 2.86%
- Gross rent multiplier
- 20.8
- Total expenses
- $11,131
- Insurance
- $2,103
- Other expenses
- $234
- Water / sewer / garbage paid by
- 3380.39
Parking & storage
- Parking spaces
- 5
- Uncovered parking
- 4
- Covered spaces
- 1
Taxes & assessment
- Annual taxes
- $5,414
- Tax year
- 2025
- Financing
- Conventional, FHA, Rehab Loan, USDA Loan, VA Loan
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 1503 Davis 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.
- Sep 17, 2026ListedNWMLS via MLS Grid · #2584400$575,000$357/sq ft
- Sep 17, 2026ListedNWMLS via MLS Grid · #2584903$575,000$357/sq ft
- Nov 10, 2021Recorded saleKing County recorder · Warranty deed$450,000$280/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$3,780 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
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Listing Broker: Pellego, Inc.; Marcela Hoag; 360-888-7793; marcela@pellego.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$749,998 Sold
7 weeks ago
3 bd•2.25 ba•~1,980 sq ft•Single Family
619 S 31st Street, Renton, WA 98055
0%
Over list
70
Days on market
1.0 mi
Distance
$710,000 Sold
8 weeks ago
4 bd•1.75 ba•~1,520 sq ft•Single Family
505 S 26th Street, Renton, WA 98055
1%
Over list
37
Days on market
0.7 mi
Distance
$790,000 Sold
2 months ago
3 bd•3.25 ba•~1,959 sq ft•Single Family
1111 S 27th Place, Renton, WA 98055
0%
Over list
25
Days on market
0.9 mi
Distance
$650,000 Sold
2 months ago
3 bd•1 ba•~1,140 sq ft•Single Family
731 S 19th Street, Renton, WA 98055
7%
Under list
59
Days on market
0.4 mi
Distance
$950,000 Sold
2 months ago
4 bd•2.5 ba•~2,840 sq ft•Single Family
505 S 31st Street, Renton, WA 98055
0%
Over list
—
Days on market
0.9 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 17, 2026 at 12:04 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.
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