$1,599,000
5008 NE 2nd Street, Renton, WA 98056
3 Beds
2 Baths
2,500 Sq Ft
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5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056
5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056 5008 NE 2nd Street, Renton, WA 98056

MLS #2523358 / Listing provided by NWMLS & Globenex Realty.

$1,599,000

5008 NE 2nd Street
Renton, WA 98056

Active 23 hours ago
3
Beds
2
Baths
2,500
Sq Ft
$640
Per Sq Ft
1983
Year Built

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!

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Lower Level Bedrooms: 0
  • Upper Level Bedrooms: 0
  • Possible Bedrooms: 3

Bathrooms

  • Total Bathrooms: 2
  • Half Bathrooms: 0
  • Three-quarter Bathrooms: 0
  • Full Bathrooms: 2
  • Full Bathrooms in Garage: 0
  • Half Bathrooms in Garage: 0
  • Three-quarter Bathrooms in Garage: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage: Yes
  • Garage Attached: Yes
  • Parking Features: Attached Garage
  • Parking Total: 2

Structure

  • Roof: Composition
  • Exterior Features: Wood
  • Foundation: Poured Concrete

Lot Details

  • Acres: 1.1504
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Renton

Lot Details

  • Acres: 1.1504
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: PSE

Water, Sewer, and Garbage

  • Sewer: Septic Tank
  • Water Company: Renton
  • Water Source: Public
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