Log In/Sign Up
Your email has been sent.
Satara Townhouses 117 Wells Ave S 6 Unit Apartment Building $6,307,327 CAD ($1,051,221 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 |
$461,334
|
$40.13
|
| Other Income |
$1,619
|
$0.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$462,953
|
$40.27
|
| Taxes |
$24,281
|
$2.11
|
| Operating Expenses |
$40,468
|
$3.52
|
| Total Expenses |
$64,749
|
$5.63
|
| Net Operating Income |
$398,204
|
$34.64
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $461,334 |
| Annual Per SF | $40.13 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,619 |
| Annual Per SF | $0.14 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $462,953 |
| Annual Per SF | $40.27 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,281 |
| Annual Per SF | $2.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $40,468 |
| Annual Per SF | $3.52 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,749 |
| Annual Per SF | $5.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $398,204 |
| Annual Per SF | $34.64 |
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 | $4,721 CAD | 1,430 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 000720-0168 | Total Assessment | $363,181 CAD (2024) |
| Land Assessment | $363,181 CAD (2024) | Annual Taxes | $24,281 CAD ($2.11 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
000720-0168
Land Assessment
$363,181 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$363,181 CAD (2024)
Annual Taxes
$24,281 CAD ($2.11 CAD/SF)
Tax Year
2025
1 of 52
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Satara Townhouses | 117 Wells Ave S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.