Investment Overview

The Seattle Investment Sales Team of IPA has been retained as the Exclusive Listing Brokers for the sale of Plum Tree Park, a 196-unit multifamily community located in Renton, Washington. Centrally located between the economic engines of Seattle and Bellevue, the property appeals to residents seeking a peaceful, well-connected home near major employment centers and premier lifestyle amenities.

Plum Tree Park is situated just south of Lake Washington and benefits from excellent regional connectivity via Interstates 5 and 405, as well as State Routes 167, 169, 518, and 900. This strategic location offers residents direct access to major employment hubs including Downtown Seattle, Bellevue’s tech corridor, Southcenter, SeaTac, and Kent Valley. Major employers within a 10 – 20 minute commute include Alaska Airlines, Amazon, Blue Origin, Boeing, Microsoft, Paccar, Salesforce, and Valley Medical Center.

Attractive Physical Plant

Low-density, well-maintained community situated on just over eight acres. Built in 1991, Plum Tree Park features spacious one- and two-bedroom floor plans averaging ±865 square feet.

Value-Add Opportunity

Nearly all units maintain classic finishes, presenting a true value-add investment opportunity. Enhancements to common areas and amenities can further elevate property performance and resident experience.

Centralized Location

Nestled between Seattle and Bellevue, Plum Tree Park’s strategic location offers easy access to Interstate 5 and 405 and State Routes 167, 900, 518, 169, 599 and 99. Popular shopping and dining destinations within 10 minutes at The Landing in Renton and Westfield Southcenter Mall, the Pacific Northwest’s largest mall.

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.

Housing Affordability

With the average Renton home priced at nearly $800K, homeownership remains significantly more expensive than renting at Plum Tree Park. Amid rising interest rates and limited for-sale housing supply, rental living continues to offer a more accessible option for residents.