$1,599,000
Est. $8,857/mo3 bd•2 ba•2,500 sq ft
5008 NE 2nd Street, Renton, WA 98059
• Listed May 13, 2026•19 days active · 19 cumulative
Listing Broker: Globenex Realty; Shelly Xiuping Hu; 425-443-5668; hu.shelly@gmail.com
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Listing Broker: Globenex Realty; Shelly Xiuping Hu; 425-443-5668; hu.shelly@gmail.com
About this home
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: September 21, 2026 at 09:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2523358
Around this home
How much should you offer?
5008 NE 2nd Street, Renton, WA 98059
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Bedrooms
- 3 bedrooms total
- 3 on the main level
Bathrooms
- 2 full bathrooms
- 2 on the main level
Layout
- 1 Story
- 2,500 sq ft finished
Heating & cooling
- Baseboard heating
- Forced Air heating
- None cooling
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Lot number
- 3
- Zoning jurisdiction
- City
Systems
- Energy source
- Electric
- Power production
- Electric
- Power company
- PSE
- Water company
- Renton
- Irrigation water rights
- No
New construction
- Square footage source
- King county
- Lot size source
- King County
- Effective year built source
- Public Records
Manufactured home
- Land lease
- No
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDigger- Apollo ElementaryPublic · Grades PK-5 · 1.0 mi · State rank 82 of 1,16010/10
- Aki Kurose Middle SchoolPublic · Grades 6-8 · 7.4 mi · State rank 240 of 5346/10
- Alan T. Sugiyama High SchoolPublic · Grades 9-12 · 6.2 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Sales & Tax Records for 5008 NE 2nd Street
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- May 13, 2026ListedNWMLS via MLS Grid · #2523358$1,599,000$640/sq ft
- Oct 29, 2021Recorded saleKing County recorder · Deed$50,000$20/sq ft
- Jul 2, 2021SoldNWMLS via MLS Grid · #1690105$1,350,000$540/sq ft
- Feb 12, 2021PendingNWMLS via MLS Grid · #1690105$1,200,000$480/sq ft
- Nov 20, 2020ListedNWMLS via MLS Grid · #1690105$1,200,000$480/sq ft
- Jun 15, 2018SoldNWMLS via MLS Grid · #1263423$930,000$372/sq ft
Mortgage payment forecast
$10,249 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Globenex Realty; Shelly Xiuping Hu; 425-443-5668; hu.shelly@gmail.com
Market pulse
Renton is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 63 days.
Recent sales nearby
Within 1 mile · last 6 months$700,000 Sold
1 day ago
3 bd•2.25 ba•~1,750 sq ft•Single Family
4611 NE 5th Place, Renton, WA 98059
2%
Under list
66
Days on market
0.5 mi
Distance
$810,000 Sold
2 days ago
4 bd•2.5 ba•~1,892 sq ft•Single Family
4915 NE 5th Street, Renton, WA 98059
4%
Under list
54
Days on market
0.4 mi
Distance
$1,085,000 Sold
1 week ago
4 bd•2.25 ba•~2,600 sq ft•Single Family
6002 SE 2nd Street, Renton, WA 98059
0%
Over list
35
Days on market
0.6 mi
Distance
$845,000 Sold
5 weeks ago
4 bd•2.25 ba•~2,190 sq ft•Single Family
4335 NE 2nd Ct, Renton, WA 98059
0%
Over list
84
Days on market
0.4 mi
Distance
$1,180,000 Sold
5 weeks ago
4 bd•2.5 ba•~2,785 sq ft•Single Family
324 Quincy Avenue NE, Renton, WA 98059
3%
Under list
40
Days on market
0.6 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 from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 21, 2026 at 09:28am (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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