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Listing courtesy of NWMLS / KW Greater Seattle

16240 114th Avenue SE

Renton, WA 98055

2 beds
2 baths
3,914 sqft
12,800 sqft lot
$229 per sqft
1952 build

This exceptional rental property offers incredible potential in an outstanding location. The main home is a beautifully remodeled 3-bedroom rambler that combines style and comfort. On a spacious 12,800 sq. ft. lot, the property also features a second home at the back, which includes a large, updated upstairs loft. Rambler & loft currently rented. With a current cap rate of approximately 5%, this investment is already performing well. However, the downstairs of the back home presents an incredible opportunity. The nearly 1,000 sq. ft. space, configured as a three-bedroom, one-bathroom unit, has completed framing, electrical, and plumbing. It’s ready for drywall and finishing touches, allowing you to unlock even greater rental potential.

Listing courtesy of NWMLS / KW Greater Seattle

Last checked: Checking… • Last updated Jan 29, 2025 •

MLS# 2323323 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1952
New Construction:

false
Building Information:

Built On Lot
Structure Type:

House
Exterior Features:

Metal/Vinyl, Wood
Roof:

Composition
Entry Location:

Main,Upper (2nd Floor)
Basement:

None
Foundation Details:

Poured Concrete
Security Features:

FullyFenced
Levels:

One
Building Area Total:

2434
Building Area Units:

Square Feet
Calculated SqFt:

3914
Unfinished SqFt:

954
SqFt Source:

MLS
Direction Faces:

West

Interior

Interior Features:

Double Pane/Storm Window, Dining Room, Laminate Hardwood, Wall to Wall Carpet, Water Heater
Living Area:

1480
Flooring:

Laminate, Vinyl, Carpet
Fireplace:

false
Finished SqFt:

1480

Financial & Terms

Possession:

Closing, Tenant's Rights

Location

Latitude:

47.45701
Longitude:

-122.188364
Directions:

I-405 N toward Renton, exit 2 onto SR-167 S, left on Rainier Ave S, right Rainier Ave S, right on Grady, right Talbot Rd S, left S Puget Dr, right Benson, left 108th, right SE 164th, left 114th Ave SE

The Property

Property Type:

Residential
Property Subtype:

Residential
Parcel Number:

008800-0192
Lot Features:

Paved
Lot Size Units:

Square Feet
Lot Size Dimensions:

63" by 197'
Lot Size Acres:

0.2938
Lot Size SqFt:

12800
Lot Size Source:

Realist
Zoning Jurisdiction:

City
Land Lease:

false
View:

Territorial
View:

true
Waterfront:

false
Topography:

Level
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5051

Beds

Bedrooms Total:

2
Bedrooms Possible:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2
Baths:

2
Full Baths:

2
Main Full Baths:

1
Main Level Bathrooms:

1
Upper Level Full Baths:

1

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard, Forced Air

Utilities

Water Heater Type:

Electric
Water Source:

Public
Sewer:

Sewer Connected

Appliances

Appliances:

Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
Appliances Included:

Dishwasher(s),Refrigerator(s),Stove(s)/Range(s)

Schools

Elementary School:

Cascade Elem
Middle Or Junior School:

Nelsen Mid
High School:

Lindbergh Snr High
High School District:

Renton

The Community

Subdivision Name:

Benson Hill
Senior Community:

false
Association:

false

Parking

Parking Features:

Driveway
Open Parking:

false
Attached Garage:

false
Carport:

false

Extra Units

Detached Dwelling SqFt Finished:

1480

Listing courtesy of NWMLS / KW Greater Seattle

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Sat Feb 01 2025 09:04 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Monthly cost estimate

Asking price

$899,500

Expense	Monthly cost
Mortgage	$4,816
Taxes	$420
Insurance	$247
Utilities	$169 See report
Total	$5,652/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
1/24/25 Jan 24, 2025	Listed / Active	NWMLS	$899,500	194.0% (30.2% / YR)
7/23/21 Jul 23, 2021	Listed / Active	NWMLS
8/24/18 Aug 24, 2018		NWMLS	$306,000

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This house located in Cascade-Fairwood, Renton, WA 98055 is currently for sale for $899,500. 16240 114th Avenue SE is a 3,914 square foot house with 2 beds and 2 baths. 16240 114th Avenue SE is in the Cascade-Fairwood neighborhood of Renton and has a WalkScore® of 39, making it car-dependent. This house is in the attendance area of Cascade Elementary School, Lindbergh High School, Meadow Crest Early Childhood Education Center, and Nelsen Middle School.

Listing courtesy of NWMLS / KW Greater Seattle

Disclaimer: The information contained in this listing has not been verified by KW Greater Seattle and should be verified by the buyer.