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$1,550,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 days ago

Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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Mill Avenue Apartments is a low-maintenance 8-unit multifamily in-vestment well suited for a private investor. The property offers eight 1-bedroom / 1-bath corner units (±649 SF), four of which include in-unit washer and dryer, along with common laundry on-site. It is located on a quiet hilltop street with excellent territorial views and sits a stone's throw from downtown Renton, with convenient access to downtown Seattle's CBD. Built in 1966 with a low-maintenance brick facade and a full EPDM roof replacement in 2017, the asset is offered at $1,550,000 ($193,750 per unit). Current rents sit below market, providing clear upside with limited capital required and an easily achievable market cap rate of 6.41%. Demand is supported by Boeing's approximately 12,600-person Renton workforce, Blue Origin's Kent operations, and the broader Kent Valley employment base of over 230,000 jobs. The property features simple operations and convenient access to freeways, Sea-Tac Airport, parks, and everyday amenities.

Full Property Details for 412 Mill Ave S

General

  • Price: $1,550,000
  • Taxes: $17,505 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2566463
  • Updated: 8/7/2026
  • Added to Site: 5 day(s) ago

Interior

  • Flooring: Ceramic Tile, Vinyl Plank

Additional Information

  • Amenities: Fenced-Partially
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 2

Location

  • Area: 340 - Renton/Benson Hill
  • County: King
  • Subdivision: Renton
  • Driving Directions: From I-405, take Exit 2A (WA-900 W/Sunset Blvd N) toward Downtown Renton. Continue onto S 3rd St, turn right on Mill Ave S. Proceed south approx. 0.3 miles, site on left side of street.

School Information

  • High School District: Renton

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick, Wood
  • Roof: Flat
  • Stories in Building: 3
  • Square Feet: 5,196
  • Year Built: 1966

Unit Information

  • Units in Building: 8

Lot Features

  • Property View: Partial, Territorial
  • Lot Size (Acres): 0.1169
  • Lot Size (Sq. Ft.): 5,090
  • Lot Size Source: KCA
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Zoning: Multi-Family, Residential

Financial Considerations

  • Tax Amount: $17,505
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 7231500310

Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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Schools serving 412 Mill Ave S

School District:Renton School District
NameGradesDistance
Talbot Hill Elementary School
2300 Talbot Road South, Renton, WA 98055
K-51.4 mi
Dimmitt Middle School
12320 80th Avenue South, Seattle, WA 98178
6-81.6 mi
Renton Senior High School
400 S 2nd St, Renton, WA 98055
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 412 Mill Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/07/2026
Listed
$1,550,000
67.57%
MLS
1/26/2017
Sold
$925,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 412 Mill Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2026
$17,505
3%
$1,558,000
-2%
2025
$17,007
-1%
$1,597,000
-14%
2024
$17,124
-9%
$1,865,000
—
2022
$18,719
6%
$1,865,000
18%
2021
$17,706
—
$1,574,000
8%
2021
$17,706
9%
$1,460,000
10%
2020
$16,254
30%
$1,327,000
29%
2019
$12,479
3%
$1,025,000
19%
2018
$12,089
9%
$864,000
12%
2017
$11,046
3%
$774,000
-4%
2016
$10,694
27%
$808,000
22%
2015
$8,389
-2%
$663,000
10%
2014
$8,586
—
$602,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by David W Petersen | Westlake Associates, Inc. | (206) 505-9400 and Chad Michael Martini | Westlake Associates, Inc. | (206) 505-9400

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412 Mill Avenue S, Renton, WA 98057 (MLS# 2566463) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 412 Mill Avenue S is currently listed for $1,550,000 and was received on August 07, 2026. Want to learn more about 412 Mill Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Maplewild Terraces? You can browse all Maplewild Terraces real estate or contact a Coldwell Banker agent to request more information.

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