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Renton, WA

357 Units

Built in 1988

Suburban Core

Investment Highlights

  • Best-in-Class Community: Institutional quality asset with a superior physical plant, unrivaled amenities package, and spacious floor plans averaging ±1,074 square feet.
  • Resort-Like Amenities Package: Unrivaled amenities package including two clubhouses with heated pools, state-of-the-art fitness center, outdoor BBQ areas, dog parks, and much more.
  • Centralized Location: Nestled between Seattle and Bellevue, Alaire's strategic location offers easy access to Interstate 5 and 405 and State Routes 167, 900, 518, 169, 599 and 99.
  • Easy Access to Major Employment Centers: Within 10 – 20 minutes of Seattle CBD, Bellevue, Kent Valley, and SeaTac employers. Major employers nearby include Alaska Airlines, Amazon, Blue Origin, Boeing, FAA, Microsoft, Valley Medical Center, Paccar, T-Mobile, and others.
  • Light Value-Add Opportunity: An incoming buyer can capitalize on upside through operations, renovating the remaining 67 homes (nearly 20%) and upgrading select common area amenities to appeal to today's renter.
  • Housing Affordability: The average single-family home price in Renton is $717,804 making homeownership twice as expensive than renting at Alaire. As interest rates continue to climb and housing supply remains low, homeownership continues to remain unfavorable or unattainable.

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