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Satara Townhouses 117 Wells Ave S 6 Unit Apartment Building $6,401,498 CAD ($1,066,916 CAD/Unit) 7.38% Cap Rate Renton, WA 98057
Investment Highlights
- Prime Downtown Location
- Steps to dining, coffee, shopping, and transit
- Across from Riverfront Park & the River Walk
- High appreciation potential
Executive Summary
Investor Alert!
SATARA Townhouses — Mini-Suites Hotel | Downtown Renton’s Premier New Modern Mixed-Use Opportunity!
Boutique 6-unit luxury townhouse community with a street-front commercial office suite—perfect for live/work, boutique hotel, or income property. Exceptional potential for Airbnb, traveling-nurse stays, or turn-key hotel-style operation—no rental cap, no HOA restrictions, and ready for immediate income!
Each modern 2BD/2.5BA home showcases open-concept living, tall ceilings, oversized windows, designer kitchens with stainless appliances, and all appliances included—even washer & dryer! Bedrooms feature private en-suites, covered decks, and attached garages. The front commercial office (~566 SF) adds flexibility and long-term value.
Prime Downtown Location! Across from Riverfront Park & the River Walk—steps to dining, coffee, shopping, and transit.
Strong cash flow, high appreciation potential, and endless rental demand—a rare turn-key multifamily or boutique-hotel investment in Renton’s fastest-growing market.
Pricing:
• 4 units @ $759,800 each
• 2 premium units @ $799,850 each
Total Offering: 6 Units + 566 sqft Commercial Office
SATARA Townhouses — Mini-Suites Hotel | Downtown Renton’s Premier New Modern Mixed-Use Opportunity!
Boutique 6-unit luxury townhouse community with a street-front commercial office suite—perfect for live/work, boutique hotel, or income property. Exceptional potential for Airbnb, traveling-nurse stays, or turn-key hotel-style operation—no rental cap, no HOA restrictions, and ready for immediate income!
Each modern 2BD/2.5BA home showcases open-concept living, tall ceilings, oversized windows, designer kitchens with stainless appliances, and all appliances included—even washer & dryer! Bedrooms feature private en-suites, covered decks, and attached garages. The front commercial office (~566 SF) adds flexibility and long-term value.
Prime Downtown Location! Across from Riverfront Park & the River Walk—steps to dining, coffee, shopping, and transit.
Strong cash flow, high appreciation potential, and endless rental demand—a rare turn-key multifamily or boutique-hotel investment in Renton’s fastest-growing market.
Pricing:
• 4 units @ $759,800 each
• 2 premium units @ $799,850 each
Total Offering: 6 Units + 566 sqft Commercial Office
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$468,222
|
$40.73
|
| Other Income |
$1,643
|
$0.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$469,865
|
$40.88
|
| Taxes |
$24,643
|
$2.14
|
| Operating Expenses |
$41,072
|
$3.57
|
| Total Expenses |
$65,715
|
$5.72
|
| Net Operating Income |
$404,149
|
$35.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $468,222 |
| Annual Per SF | $40.73 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,643 |
| Annual Per SF | $0.14 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $469,865 |
| Annual Per SF | $40.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,643 |
| Annual Per SF | $2.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,072 |
| Annual Per SF | $3.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $65,715 |
| Annual Per SF | $5.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $404,149 |
| Annual Per SF | $35.16 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Views
- Wi-Fi
- Family Room
- Island Kitchen
Site Amenities
- Storage Space
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 4 | $4,792 CAD | 1,430 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 000720-0168 | Total Assessment | $364,178 CAD (2024) |
| Land Assessment | $364,178 CAD (2024) | Annual Taxes | $24,643 CAD ($2.14 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
000720-0168
Land Assessment
$364,178 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$364,178 CAD (2024)
Annual Taxes
$24,643 CAD ($2.14 CAD/SF)
Tax Year
2025
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Satara Townhouses | 117 Wells Ave S
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