Listed by Grzegorz Kutrzeba, Skyline Properties, Inc.
- 9
- Bedrooms
- 4
- Bathrooms
- 4,000
- Square feet
- $262
- Per sq ft
- Single Family Residence
- Type
- 1961
- Year built
- 25,700 sq ft
- Lot
- 90
- Days on market
About this property
Turnkey Cash-Flow Investment Opportunity! Incredible opportunity to own a fully leased, income-producing property backing a quiet greenbelt in the highly rated Tahoma School District. This unique approximately 4,000 sq. ft. property features 9 bedrooms and 4 bathrooms thoughtfully configured into 3 separate, private living quarters under one roof, each with a private entrance. A rare setup for savvy investors seeking multiple income streams and long-term potential. Recent improvements include a septic system that was recently inspected and passed, upgraded main sewer and waste lines, updated plumbing and electrical, newer windows and gutters, a newer roof section, modern LVP flooring, and stainless-steel appliances. All three units are currently leased through 2027, providing immediate rental income without an immediate lease-up period. Conveniently located near parks, trails, shopping, dining, major commuter routes, and highly rated schools. A truly unique investment property with stable occupancy and significant improvements already completed.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Jeff's Neighborhood Guide
Get to know the Renton/Highlands area
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Property details
Listing details
- Listing number
- #2554439
- Listed
- July 14, 2026
- Days on market
- 90
- Price per sq ft
- $262
- Original list price
- $1,150,000
Unit & building
- Unit levels
- Two
Parking
- Parking
- DrivewayRV Parking
Views
- View
- Territorial
Construction
- Year built
- 1961
- Style
- 18 - 2 Stories w/Bsmnt
- Structure
- House
- Roof
- Composition
Heating & cooling
- Heating
- 90%+ High EfficiencyForced Air
- Cooling
- None
- Energy source
- ElectricNatural Gas
Interior features
- Features
- Vaulted Ceiling(s)
Flooring
- Flooring
- Vinyl PlankCarpet
Appliances
- Appliances
- DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
Lot
- Lot features
- Open SpacePavedSecluded
- Lot size
- 25,700 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Cedar River
- Sewer
- Septic
- Power
- PSE
Schools
- District
- Tahoma
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Buyer To Verify
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Two
- Driveway
- RV Parking
- Territorial
- House
- Composition
- 90%+ High Efficiency
- Forced Air
- None
- Electric
- Natural Gas
- Vaulted Ceiling(s)
Listing history
Listed
$1,150,000
July 14, 2026
Current price
$1,049,500
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$6,112
- Principal & interest
- $5,307
- Property tax (est.)
- $805
Assumes $209,900 down (20%), a $839,600 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 11:15 PM PDT. 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.