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Open Sat, May 30 +8
Open Sat, May 30 +1$1,599,000
Est. $8,111/mo3 bd•2,500 sq ft
5008 Ne 2nd Street, Renton, WA 98059
• Listed 2026-05-13•13 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 2:40 PM PDT (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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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!
Listed by Shelly Xiuping Hu • Globenex Realty
Listing updated: May 15, 2026 at 09:00pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2523358
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
See more →Open Sat, May 30 +8Open Sat, May 30 +15 recent nearby sales, priced between $650K and $1.47M.
$1,250,000Last sold price
673 Kitsap Avenue Ne, Renton, WA 98059
$980,000Last sold price
14120 Se 152nd Avenue, Renton, WA 98059
$1,225,000Last sold price
16037 Se 127th Place, Renton, WA 98059
$9,710 per month
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Renton is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 29 days.
$128,000 Sold
3 months ago
•Single Family
4820 Ne 4th Street, Renton, WA 98059
29%
Under list
—
Days on market
0.3 mi
Distance
$1,008,000 Sold
4 months ago
4 bd•1.5 ba•~2,700 sq ft•Single Family
14138 150th Place Se, Renton, WA 98059
4%
Under list
—
Days on market
0.9 mi
Distance
$810,000 Sold
4 months ago
3 bd•1 ba•~1,620 sq ft•Single Family
5735 Ne 8th Street, Renton, WA 98059
7%
Under list
—
Days on market
0.8 mi
Distance
$870,000 Sold
4 months ago
4 bd•2.5 ba•~2,220 sq ft•Single Family
465 Field Place Ne, Renton, WA 98059
1%
Under list
—
Days on market
0.3 mi
Distance
$965,000 Sold
5 months ago
3 bd•1.5 ba•~2,200 sq ft•Single Family
842 Chelan Place Ne, Renton, WA 98059
2%
Under list
—
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
6.4/10
Somewhat Walkable
Some errands can be done on foot
4.6/10
Some bikeability
Minimal bike infrastructure
2.6/10
Some Transit
A few nearby transit options
Provided by Walk Score