$1,300,000
Est. $6,594/mo1409 Monroe Avenue Ne, Renton, WA 98056
• Listed 2025-09-10•16 days on market
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About this home
This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!
Listed by Martin J. Ho • Berkshire Hathaway HS NW
Listing updated: May 12, 2026 at 04:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2430021
Around this home
Schools
Ratings via SchoolDigger- School #2091054975Public · Grades PK-5 · 1.8 mi · State rank 136 of 1,0001/10
- School #1092594614Public · Grades 6-8 · 5.8 mi · State rank 540 of 1,0004/10
- School #741651917Public · Grades 9-12 · 4.7 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
Sold comparable homes
5 recent nearby sales, priced between $465K and $869K.Sourced from public records — exterior photo via Google Street View.
$869,000Last sold price
1836 Ne 16th St, Renton, WA 98056
$579,500Last sold price
3723 Ne 6th St, Renton, WA 98056
$520,000Last sold price
2604 Ne 7th St, Renton, WA 98056
Property details
Mortgage payment forecast
$7,894 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Lifestyle
7.1/10
Very Walkable
Most errands can be done on foot
3.9/10
Some bikeability
Minimal bike infrastructure
3.8/10
Some Transit
A few nearby transit options
Provided by Walk Score
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Market pulse
Renton is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 34 days.
Recent sales nearby
Within 1 mile · last 6 months$3,850 Sold
8 weeks ago
4 bd•2.5 ba•Single Family
2528 Camas Avenue Ne, Renton, WA 98056
0%
Over list
—
Days on market
0.9 mi
Distance
$547,500 Sold
3 months ago
3 bd•1 ba•~1,160 sq ft•Single Family
2202 Ne 9th Place, Renton, WA 98056
0%
Under list
—
Days on market
0.8 mi
Distance
$905,000 Sold
4 months ago
4 bd•2.5 ba•~1,770 sq ft•Single Family
1947 Ne 23rd Street, Renton, WA 98056
7%
Under list
—
Days on market
0.9 mi
Distance
$630,000 Sold
4 months ago
4 bd•2.5 ba•~1,630 sq ft•Single Family
3821 Ne 14th Place, Renton, WA 98056
7%
Under list
—
Days on market
0.3 mi
Distance
$1,275,000 Sold
5 months ago
6 bd•3.5 ba•~2,450 sq ft•Single Family
12504 Se 104th Street, Renton, WA 98056
2%
Under list
—
Days on market
0.4 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 via RentCast · Updated May 2026
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 29, 2026 at 12:12 PM PDT (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.