5008 NE 2nd Street, Renton, WA 98059

Renton
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: shelly xiuping hu, dan zhou
Office: globenex realty
MLS#:2523358
Source:NWMLS
5008 NE 2nd Street,Renton, WA 98059
$1,599,000
  • 3 Beds
  • 2 Baths
  • 2,500 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$1,599,000
  • Price per sq. ft.:$639.6

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...

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Home facts

  • Year built:1983
  • Subdivision & Development:Highlands
  • Listing ID #:2523358
  • Updated:August 14, 2026 at 11:43 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Bedroom Description:Main Level Bedrooms : 3
  • Living area:2,500 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1983
  • Building area:2,500 sq. ft.
  • Lot area:1.15 Acres
  • Construction Materials:Wood Exterior Finish
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,599,000
  • Price per sq. ft.:$639.6
  • Tax amount:$11,904 (2026)

Parking

  • Total parking spaces:2
  • Parking description:Attached Garage
  • Garage:Yes
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