$1,450,000
Est. $7,355/mo1003 N 1st Street, Renton, WA 98057
• Listed 2026-05-20•9 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 2:39 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.
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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.
Listed by Tanner Fogle • Paragon Real Estate Advisors
Listing updated: May 20, 2026 at 01:29pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2526901
Open houses
No upcoming open houses scheduled for this property.
5 recent nearby sales, priced between $179K and $375K.
$375,000Last sold price
1308 N 3rd Street, Renton, WA 98057
$299,950Last sold price
1310 N 3rd Street, Renton, WA 98057
$179,000Last sold price
2601 Ne 4th Street, Renton, WA 98056
$8,805 per month
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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 21 days.
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Ask a RexMont agentMarket data via RentCast · Updated May 2026
8.9/10
Very Walkable
Most errands can be done on foot
8.4/10
Very Bikeable
Biking is convenient for most trips
6.2/10
Good Transit
Many nearby transit options
Provided by Walk Score
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.
