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5008 NE 2nd Street, Renton, WA 98059

Renton
Local realty services provided by:CENTURY 21 North Homes Realty
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 23, 2026 at 11:30 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 23, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Michael Killmer

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