419 S 2nd St, Renton, WA 98057

Multifamily · Renton · Seattle-Bellevue metro, WA

One of 324 reachable multifamily buildings in Renton. Larger than 73% of multifamily buildings in Renton (median 7,257 SF), derived from assessor records.

Usable building area
43,398 SF, King County Assessor
County gross area
69,802 SF, King County Assessor
Excluded area
26,404 SF outside primary usable area
Lot size
29,618 SF, King County Assessor
Year built
2010, King County Assessor
Stories
4, King County Assessor
Predominant use
Mixed Use, King County Assessor
Assessed value
$946,200, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$21.80/SF, derived from assessor records
Usable area / lot
1.47, derived from assessor records
Vintage
2010s vintage
Zoning
CD, King County
County use code
Apartment(Mixed Use)

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $1.2M (estimated market value), with a likely range of $1.07M to $1.35M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

lower confidence: 2 comparable sales within 3 miles; nearest 2 mi. Comparable-sale caveat: the estimate is 85% below the $187.86/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Market context: Multifamily in Renton

median verified sale $328.78/SF over the trailing 24 months; median $250,000 per unit; 7 sales in the last 12 months and 14 in 24 (newest verified sale 2025-12); the middle 80% of recent sales traded at 0.93x to 1.37x their county assessed value, median 1.11x (14 sales with usable county values).

  • 2021: $322.52/SF median (12 sales)
  • 2022: $339.87/SF median (9 sales)
  • 2023: $283.28/SF median (5 sales)
  • 2024: $328.78/SF median (7 sales)
  • 2025: $292.97/SF median (7 sales)

This estimate sits at 1.27x county assessed value, the 86th percentile of those recent sale premiums.

Computed from 458 verified arm's-length sales in King County public records (14 in the trailing 24 months). Free public records. Not an appraisal.