About 320 Williams Avenue N
Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.
Features of 320 Williams Avenue N
| MLS® # | 2535935 |
|---|---|
| Price | $995,000 |
| Bedrooms | 4 |
| Bathrooms | 2.75 |
| Full Baths | 2 |
| Square Footage | 2,260 |
| Acres | 0.18 |
| Year Built | 1909 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 320 Williams Avenue N |
|---|---|
| Area | 350 - Renton/Highlands |
| Subdivision | Downtown |
| City | Renton |
| County | King |
| State | WA |
| Zip Code | 98057 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | Driveway, Detached Garage |
| Is Waterfront | No |
Interior
| Interior Features | Fireplace, Water Heater |
|---|---|
| Appliances | Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer |
| Heating | Forced Air, Wall Furnace |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Electric |
Exterior
| Exterior Features | Wood, Wood Products |
|---|---|
| Lot Description | Curbs, Sidewalk |
| Foundation | Pillar/Post/Pier |
School Information
| District | Renton |
|---|
Additional Information
| Date Listed | June 5th, 2026 |
|---|---|
| Days on Market | 73 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Real Estate/PSR Inc |
|---|