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 1337the 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!
| MLS # | 2523358 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 113 |
| Listing Provided By | Globenex Realty | Shelly Xiuping Hu |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,500 |
| Garage | 2 |
| Story(s) | 1 |
| Acreage | 1.15 |
| Property | 11904 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Renton |
| Zip Code | 98059 |
| Area | 350 Renton | Highlands |
| Community Name | Highlands |
| Listing VS Median (in Highlands) | |
Price: $1,599,000 low | high Med: $655,000 sqft: 2,500 low | high Med: 950 $ / sqft: $640 low | high Med: $689 On site: 113 low | high Med: 91 | |
| State | WA |
|---|---|
| County | King |
| City | Renton |
| Zip Code | 98059 |
| Area | 350 Renton | Highlands |
| Community Name | Highlands |
| Listing VS Median (in Highlands) | |
Price: $1,599,000 low | high Med: $655,000 sqft: 2,500 low | high Med: 950 $ / sqft: $640 low | high Med: $689 On site: 113 low | high Med: 91 | |
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