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About the Listing 7086 - 151675,155963
This is a rare opportunity to acquire The Riverside Apartments, a classic building located at 1003 N 1st Street, just blocks from downtown Renton. This 13-Unit property offers investors the opportunity to own a character-rich multifamily property in a tightly held Renton location. The Riverside Apartments feature a mix of studio and one-bedroom units. Current in-place rents average $1,229 for studios and $1,284 for one-bedroom units, while comparable properties in Renton are achieving $1,350-$1,450 for studios and $1,400-$1,550 for one-bedrooms. This gap presents a clear opportunity for a new owner to capture meaningful rental upside through light interior renovations and operational improvements at an attractive price per unit. Ideally located just minutes from downtown Renton, The Landing, and Boeing’s Renton facility, with immediate access to I-405, Highway 167, and the Cedar River Trail, the Riverside Apartments are strategically positioned in a high-demand rental corridor. The property offers a compelling combination of strong in-place income and clear rental upside, supported by a deep and stable employment base and continued demand for well-located housing in the area.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 13 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 6,760
- Zoning: Multi-Family
- Roof: Flat
- Others: Brick
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $29,135
- Taxes w/Assessments: N/A
- Tax/Property ID: 72240000040
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1003 N 1st St Renton, WA 98057
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