74-78 Williams Ave S - Apartments FOR SALE


Renton, WA 98057- Downtown Renton
$1,125,000 USD
206-280-1871
74-78 Williams Ave S, Renton, WA for Sale
$1,125,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

74-78 Williams Ave S
Renton, WA 98057
Downtown Renton


HIGHLIGHTS

  • Immediate access to the region's largest employment drivers in Seattle and the Eastside
  • Well-positioned for revenue enhancement from renovations to unit interiors
  • Close proximity to an abundance of retail and recreational amenities
  • In-Migration, lack of new supply, and affordability bolster submarket fundamentals

OVERVIEW

JLL, as an exclusive advisor, is pleased to present the outstanding opportunity to acquire the Cedar River 5 Apartments (“the Property”), an apartment property located in Renton, Washington. Built in 1910 and 1962, this two-building property consists of 1 two-bedroom house and 4 one-bedroom apartment units. Ownership has kept both unit interiors and building exteriors well-maintained, including new electrical panels in 2025 and updated roofs in 2020, making this an attractive asset in a desirable submarket proximate to Seattle’s core demand-drivers. Located along the scenic Cedar River, residents at the Property benefit from suburban living with easy access to the major employment hubs of downtown Seattle, the Eastside, and the Kent Industrial Corridor. Situated in central Renton, residents are also proximate to a variety of retail and entertainment amenities. Just a 6-minute walk from downtown Renton and a 4 minute drive from The Landing shopping mall, residents can easily access over 3.5 million SF of retail within a 1.5-mile radius. The Property’s immediate location also puts it within walking distance of neighborhood recreational amenities including Cedar River Park, Jones Park, Liberty Park, and Renton Memorial Stadium. Renton High School and Sartori Elementary School are also easily walkable from the Property. The Cedar River 5 Apartments represent an excellent opportunity for investors seeking both reliable cash flow and the potential for continued rent growth at a well-located and maintained property.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

5

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar River 5

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

CD

APN/PARCEL ID

000720-0161,000720-0189

ASK ABOUT THIS PROPERTY

206-280-1871

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206-280-1871

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