412 Mill Avenue S, Renton, WA 98057 (MLS # 2566463)
Twitter
Facebook
Email|
Listing provided courtesy of Northwest MLS; Westlake Associates, Inc.
|
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.
| LAST UPDATED | 8/7/2026 | TRACT | Renton |
|---|---|---|---|
| YEAR BUILT | 1966 | COMMUNITY | Renton |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 340 - Renton/Benson Hill |
| CONSTRUCTION | Brick, Wood Siding |
| HEAT | Baseboard, Electric |
| LOT | 5092 sq ft |
| LOT DESCRIPTION | Alley, Curbs, Paved, Sidewalk |
| MLS STATUS | Active |
| STORIES | 3 |
| STYLE | 55 - 5-9 Units |
| SUBDIVISION | Renton |
| TAXES | 17505 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| ZONING | Multi-Family,Residential |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/8/26 4:25 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
DMCA Notice
This IDX solution is (c) Diverse Solutions 2026.