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!
Active
Listed by: Globenex Realty • Shelly Xiuping Hu
$1,599,000
5008 NE 2nd Street, Renton, WA 98059
3beds
2,500sqft
:
Get pre-qualifiedN/A
Single Family Residence
Built in 1983
1.15 Acres Lot
$-- Zestimate®
$640/sqft
$-- HOA
What's special
- 82 days |
- 110 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Shelly Xiuping Hu,
Globenex Realty,
Dantong Zhou,
Globenex Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2523358
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Level: Main
Dining room
- Level: Main
Family room
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Heating
- Baseboard, Forced Air, Electric
Cooling
- None
Features
- Has fireplace: No
- Fireplace features: Electric
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.15 Acres
Details
- Parcel number: 1523059219
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1983
- Major remodel year: 1983
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank
- Water: Public, Company: Renton
Community & HOA
Community
- Subdivision: Highlands
HOA
- HOA phone: 425-443-5668
Location
- Region: Renton
Financial & listing details
- Price per square foot: $640/sqft
- Tax assessed value: $1,105,000
- Annual tax amount: $11,904
- Date on market: 5/13/2026
- Cumulative days on market: 82 days
- Listing terms: Conventional,Farm Home Loan,FHA
- Total actual rent: 3800
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Listed for sale | $1,599,000+3098%$640/sqft |
Source:  NWMLS as distributed by MLS GRID #2523358 Report a problem | ||
| 11/1/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/21/2022 | Listed for rent | $3,800$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/4/2022 | Sold | $50,000-96.3%$20/sqft |
Source: Public Record Report a problem | ||
| 7/2/2021 | Sold | $1,350,000+12.5%$540/sqft |
Source: NWMLS as distributed by MLS GRID #1690105 Report a problem | ||
| 2/12/2021 | Pending sale | $1,200,000$480/sqft |
Source: NWMLS as distributed by MLS GRID #1690105 Report a problem | ||
| 12/10/2020 | Listed for sale | $1,200,000$480/sqft |
Source: Windermere Real Estate/West Campus, Inc. #1690105 Report a problem | ||
| 11/28/2020 | Pending sale | $1,200,000$480/sqft |
Source: Windermere Real Estate/West Campus, Inc. #1690105 Report a problem | ||
| 11/20/2020 | Listed for sale | $1,200,000-5.9%$480/sqft |
Source: Windermere Real Estate/West Campus, Inc. #1690105 Report a problem | ||
| 1/22/2020 | Listing removed | $1,275,000$510/sqft |
Source: METROPOLIST #1479256 Report a problem | ||
| 7/3/2019 | Price change | $1,275,000-15%$510/sqft |
Source: METROPOLIST #1479256 Report a problem | ||
| 6/21/2019 | Listed for sale | $1,500,000+61.3%$600/sqft |
Source: METROPOLIST #1479256 Report a problem | ||
| 6/15/2018 | Sold | $930,000$372/sqft |
Source: NWMLS as distributed by MLS GRID #1263423 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,919 +9.8% | $1,105,000 +4.3% |
| 2024 | $10,856 +12.4% | $1,059,000 +18.2% |
| 2023 | $9,654 -3.3% | $896,000 -13.4% |
| 2022 | $9,979 +17.5% | $1,035,000 +36.9% |
| 2021 | $8,492 +9% | $756,000 +14.2% |
| 2020 | $7,790 0% | $662,000 +0.2% |
| 2019 | $7,790 +3% | $661,000 -0.6% |
| 2018 | $7,562 +1.3% | $665,000 +17.5% |
| 2017 | $7,461 +38.4% | $566,000 +17.9% |
| 2016 | $5,393 | $480,000 +8.1% |
| 2015 | $5,393 | $444,000 +4.5% |
| 2014 | $5,393 | $425,000 +18.4% |
| 2013 | $5,393 | $359,000 +11.5% |
| 2012 | -- | $322,000 -7.2% |
| 2011 | -- | $347,000 -19.9% |
| 2010 | -- | $433,000 |
| 2009 | -- | $433,000 +5.9% |
| 2007 | -- | $409,000 +5.7% |
| 2006 | -- | $387,000 +5.2% |
| 2005 | -- | $368,000 +31.9% |
| 2001 | $3,546 +13.5% | $279,000 +20.3% |
| 2000 | $3,125 | $232,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98059
Nearby schools
GreatSchools rating
- 9/10Maplewood Heights Elementary SchoolGrades: K-5Distance: 0.3 mi
- 6/10McKnight Middle SchoolGrades: 6-8Distance: 2 mi
- 6/10Hazen Senior High SchoolGrades: 9-12Distance: 1.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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