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$1,599,000

Active

5008 2nd Street NE, Renton, WA 98059

3beds
2baths
2,500sq ft
1.15acre lot
1983built
Househome type

Listed May 13 · MLS #2523358

REPORTED FEATURES

Why you might love it

TAKE A CLOSER LOOK

Reasons to see it in person

  • Listed May 13
  • Feel the single-level layout in person
  • Explore the layout of the 50,112 sq ft lot

YOUR NEXT CHAPTER

Be ready when you find the one

  1. ✓Search
  2. 2Narrow
  3. 3Pre-approval
  4. 4Tour
  5. 5Offer

You’re taking a closer look. A licensed loan officer can help you prepare for the next step.

Talk with Enrique

Mortgage Lending Group · Company NMLS 1157983 · Enrique Pelayo Jr. NMLS 131435

THE FACTS

Home details

Interior

Bedrooms
3
Bathrooms
2
Interior area
2,500 sq ft
Levels
One

Exterior & lot

Home type
House
Year built
1983
Lot size
50,112 sq ft
Exterior
Wood

Parking

Parking spaces
2
Parking features
Attached Garage

Systems

Heating
Baseboard, Forced Air
Cooling
None
Water
Public
Sewer
Septic Tank

Taxes & HOA

Annual property tax
$11,904 (2026)
Monthly HOA
$0

FROM THE LISTING

About this home

ATTENTION BUILDERS & SAVVY INVESTORS! A rare, high-yield opportunity in the heart of the sought-after East Renton Highlands. This premier 1.16-acre flat parcel offers the perfect "hybrid" investment: a turnkey, income-producing rental with massive, shovel-ready development upside. CASH FLOW WHILE YOU PERMIT: The existing home was fully remodeled in 2022. It currently generates $3,800/month on a m-to-m lease. This consistent income covers your holding costs while you permits and platting. DEVELOPMENT POTENTIAL & HB 1337 DENSITY: The heavy lifting is done! Over $200,000 has been invested in design, civil engineering, and city coordination for a 6-lot single-family subdivision. Take your ROI even further by leveraging Washington’s HB 1337—the potential exists to design up to 3 units per lot, creating a high-density, 18-unit community in a market starved for inventory. "SHOVEL-READY" ADVANTAGE: 100% of the civil engineering was previously completed and approved. While it expired last year, the comprehensive files are ready for a streamlined revival. Skip the grueling 2-year design phase and jump straight into a high-margin project. PRIME TECH CORRIDOR LOCATION: Completely flat, usable lot abutting newer construction on all sides. Enjoy a seamless commute with easy access to I-405, Hwy 169, and major tech hubs. Just minutes from The Landing, Gene Coulon Park, and top-tier Highlands shopping. Bring your crew and unlock the maximum value of this Highlands gem!

MLS SCHOOL INFORMATION

Schools

Renton School District

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A FEW THINGS TO VERIFY

Before you fall too hard

Check internet providers on the FCC map ↗

Enter 5008 2nd Street NE, Renton, WA 98059 to check reported service.

Built in 1983 · About 43 years old.