Exceptional investment and development opportunity on top of Talbot Hill in Renton. Existing 1930s duplex which sits on a large 14,700 SF corner lot, zoned R-6, with excellent street frontage for future development. Keep the duplex as a rental while building, renovate and partition a second lot, or explore redevelopment potential including multiple homes & DADUs, or middle housing (buyer to verify). Potential territorial views with new two-story construction. Roof replaced in 2021. Both units are tenant occupied on month-to-month leases, offering flexibility for investors and builders. Rent is currently below market. Unit A has 2 bedrooms & 1 bathroom, while Unit B has 1 bedroom & 1 bathroom. Detached garage, basement storage, and city sewer. Seller is open to extended closing and builder-friendly terms.
Active
Listed by: Pellego, Inc. • Marcela Hoag
$575,000
1503 Davis Avenue S, Renton, WA 98055
3beds
2baths
1,610sqft
Duplex, Multi Family
Built in 1938
-- sqft lot
$559,400 Zestimate®
$357/sqft
$-- HOA
What's special
Detached garageBasement storageExcellent street frontage
- --
- on Zillow
- 647
- views
- 26
- saves
Zillow last checked:
Listing updated:
Listed by:
Marcela Hoag,
Pellego, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2584400
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 1,610
- Total interior livable area: 1,610 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 1
- Uncovered spaces: 4
Lot
- Size: 0.34 Acres
- Features: Corner Lot, Paved, Value In Land
Details
- Parcel number: 3340401240
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Products
- Roof: Composition
Condition
- Year built: 1938
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Talbot Hill
Location
- Region: Renton
Financial & listing details
- Price per square foot: $357/sqft
- Tax assessed value: $541,000
- Annual tax amount: $5,413
- Date on market: 9/18/2026
- Listing terms: Conventional,FHA,Rehab Loan,USDA Loan,VA Loan
Estimated market value
$559,400
$531,000 - $587,000
$2,459/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Listed for sale | $575,000+27.8%$357/sqft |
Source:  NWMLS as distributed by MLS GRID #2584400 Report a problem | ||
| 11/15/2021 | Sold | $450,000$280/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,898 +9% | $541,000 +3.2% |
| 2024 | $5,413 +6.4% | $524,000 +11.7% |
| 2023 | $5,086 +3.8% | $469,000 -6.6% |
| 2022 | $4,900 +6.8% | $502,000 +24% |
| 2021 | $4,586 +11.9% | $405,000 +17.4% |
| 2020 | $4,099 +1.8% | $345,000 +2.1% |
| 2019 | $4,026 +8.4% | $338,000 +5% |
| 2018 | $3,715 +1.2% | $322,000 +17.1% |
| 2017 | $3,671 +29.9% | $275,000 +10.4% |
| 2016 | $2,826 | $249,000 +7.3% |
| 2015 | $2,826 | $232,000 +4.5% |
| 2014 | $2,826 | $222,000 +18.1% |
| 2013 | $2,826 | $188,000 +7.4% |
| 2012 | -- | $175,000 -6.4% |
| 2011 | -- | $187,000 -7% |
| 2010 | -- | $201,000 |
| 2009 | -- | $201,000 -3.8% |
| 2007 | -- | $209,000 +7.7% |
| 2006 | -- | $194,000 +0.5% |
| 2005 | -- | $193,000 +34% |
| 2001 | $1,744 +0.2% | $144,000 +8.3% |
| 2000 | $1,740 | $133,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Talbot Hill
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