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About the Listing 3316 - 80836,94897
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!
Listing Highlights
Status
Active
Days on Site
13
Property Type
Residential
MLS ®
2523358
Year Built
1983
Total Square Footage
2,500
Lot/Acreage
1.15
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0, Electric
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Master on Main
- Water: Renton
Exterior Details
- Lot Description: Built On Lot
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof: Composition
- Others: Wood
- Sewer: Septic Tank
- Parking Features: Attached Garage
Financial Details
- Tax Amount: $11,904
- Taxes w/Assessments: N/A
- Tax/Property ID: 1523059219
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
5008 NE 2nd St Renton, WA 98059
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