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JRJeff ReynoldsCompass · Seattle

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

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Directions

Jeff's Neighborhood Guide

Get to know the Renton/Highlands area

Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.

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?

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  • Two
  • Driveway
  • RV Parking
  • Territorial
  • House
  • Composition
  • 90%+ High Efficiency
  • Forced Air
  • None
  • Electric
  • Natural Gas
  • Vaulted Ceiling(s)

Listing history

  1. Listed

    $1,150,000

    July 14, 2026

  2. 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.

Similar nearby listings

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.