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436 Wells Ave N 2 Unit Apartment Building $1,239,790 CAD ($619,895 CAD/Unit) 6% Cap Rate Renton, WA 98057
Investment Highlights
- Highest ROI under a million. Two beautiful houses. Always rented, low overhead...
Executive Summary
Two quality homes on one large lot, attracting quality tenants, always occupied, best ROI priced under a million dollars. Designer kitchens and tile work. Low maintenance. Off street parking.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,239,790 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $619,895 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6% | Building Size | 2,470 SF |
| Gross Rent Multiplier | 14.6 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1937/2020 |
| Property Subtype | Apartment | ||
| Zoning | R-8 | ||
| Price | $1,239,790 CAD |
| Price Per Unit | $619,895 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,470 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1937/2020 |
| Zoning | R-8 |
Amenities
Site Amenities
- Courtyard
- Fenced Lot
- Gas Range
- Pet Care
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 950 |
| 3+2 | 1 | - | 1,400 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 722500-0080 | Total Assessment | $1,181,610 CAD (2024) |
| Land Assessment | $570,719 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $610,891 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
722500-0080
Land Assessment
$570,719 CAD (2024)
Improvements Assessment
$610,891 CAD (2024)
Total Assessment
$1,181,610 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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436 Wells Ave N
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