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5008 NE 2nd ST, Renton, WA 98059
5008 NE 2nd ST, Renton, WA 98059
5008 NE 2nd ST, Renton, WA 98059
10
See all 10 photos
Listed by:Globenex Realty • Shelly Xiuping Hu • Dan Zhou
$1,599,000
Est. payment /mo
Save
3 Beds
2 Baths
2,500 SqFt
Active

5008 NE 2nd ST Renton, WA 98059

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Listed by:Globenex Realty • Shelly Xiuping Hu • Dan Zhou
Henry Jamerson

Henry Jamerson

+1(206) 839-6096

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $639

Subdivision Highlands

MLS Listing ID 2523358

Style 10 - 1 Story

Bedrooms 3

Full Baths 2

Year Built 1983

Annual Tax Amount $11,904

Lot Size 1.150 Acres

Property Sub-Type Single Family Residence

Property Description

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!

Location

State WA

County King

Area 350 - Renton/Highlands

Rooms

Main Level Bedrooms 3

Interior

Fireplaces Type Electric

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Garage Yes

Building

Story One

Sewer Septic Tank

Water Public

New Construction No

Schools

School District Renton

Others

Senior Community No

Acceptable Financing Cash, Conventional, Farm Home Loan, FHA

Listing Terms Cash, Conventional, Farm Home Loan, FHA

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Amenities & Attractions
Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Education
Pets
Public Services & Government

  • Taqueria Y Carniceria Victoria

    3813 NE 4th St, Renton, WA 98056

    Mexican Phone: 425-228-8100

  • River Rock Grill

    4050 Maple Valley Hwy, Renton, WA 98058

    American (New) Phone: 425-430-0311

  • Sing Tong Thai Cuisine

    4605 NE 4th St, Renton, WA 98059

    Thai Phone: 206-673-2290

  • Hop In Grocery & Deli

    5325 NE 4th St, Renton, WA 98059

    Grocery Phone: 425-228-4273

  • Sushi Cafe

    4605 NE 4th St, Renton, WA 98059

    Sushi Bars Phone: 425-988-3650

  • Angelo’s Pizza & Pasta House

    3809 NE 4th St, Renton, WA 98056

    Italian Phone: 425-228-7415

  • Carl’s Jr.

    4525 NE 4th St, Renton, WA 98059

    Fast Food Phone: 425-255-5555

  • McDonald’s

    3209 NE 4th St, Renton, WA 98056

    Burgers Phone: 425-255-5334

  • Shari’s

    1820 SE Maple Valley Hwy, Renton, WA 98055

    Diners Phone: 425-235-8117

  • Maplewood Golf Course Restaurant

    4050 Maple Valley Hwy, Renton, WA 98057

    Argentine Phone: 425-430-6800

  • Ils Wayport

    3209 NE 4th St, Renton, WA 98056

    Phone: 425-255-5095

  • Little Caesars Pizza

    3901 NE 4th St, Renton, WA 98056

    Pizza Phone: 425-255-3130

  • 5 Hermanos

    3901 NE 4th St, Renton, WA 98056

    Mexican Phone: 425-271-5400

  • Singtong

    4605 NE 4th St, Renton, WA 98059

    Thai Phone: 206-673-2290

  • Tortas Locas

    3813 NE 4th St, Renton, WA 98056

    Sandwiches Phone: 425-271-0599

  • Ezell’s Famous Chicken

    4575 NE 4th St, Renton, WA 98058

    Fast Food Phone: 425-228-9008

Educational Environment

Elementary Schools (2)Middle Schools (1)High Schools (1)
Name
Category
Grades
Library
Ratio
7/10
Maplewood Heights Elementary School
130 JERICHO AVE, RENTON, WA 98059
Public
KG - 5
No
STUDENTS/TEACHERS
6/10
Briarwood Elementary School
17020 SE 134th St, Renton, WA 98059
Public
KG - 5
No
STUDENTS/TEACHERS
Name
Category
Grades
Library
Ratio
8/10
Maywood Middle School
14490 168th Ave SE, Renton, WA 98059
Public
6 - 8
No
STUDENTS/TEACHERS
Name
Category
Grades
Library
Ratio
8/10
Liberty Sr High School
16655 SE 136th St, Renton, WA 98059
Public
9 - 12
No
STUDENTS/TEACHERS

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