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Kayli Tumblin

kaylitumblin@simplihom.com +1(253) 343-3190

Listed by:Globenex Realty • Shelly Xiuping Hu

$ 1,599,000

Est. payment -/mo

Save

Active

5008 NE 2nd ST Renton, WA 98059

3 Beds

2 Baths

2,500 SqFt

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

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

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At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

Our Mission: Making Real Estate Simple

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+1(253) 343-3190

kaylitumblin@simplihom.com