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Listed by:Keller Williams Eastside • Lubaba Al-Arab
$650,000
Est. payment /mo
10,200 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Renton
MLS Listing ID 2498022
Style 54 - 4-Plex
Year Built 1957
Lot Size 10,200 Sqft
Property Sub-Type Multi Family
Property Description
PRIME RMF DEVELOPMENT SITE | 4-UNIT POTENTIAL | 2022 TURNKEY RENO Unrivaled investment potential in the heart of the Renton Highlands. Strategically positioned for the forward-thinking developer, 1409 Union Ave NE offers a rare, level ~8,200 SF lot zoned RMF (Residential Multi-Family). Capitalize on Renton's 2026 density updates with a site primed for a 4-unit project or high-density boutique multi-family stack (Buyer to verify yield and density with City). THE ASSET: Eliminate holding cost headaches. The existing 1,475 SF structure was fully renovated in 2022 with modern laminate flooring, a full contemporary kitchen, and updated systems. This is a turnkey "holding asset" capable of generating immediate rental income while you navigate the entitlement and permitting phase. COMMERCIAL POTENTIAL: The property features 4 dedicated parking spaces and has a long history of professional use. The RMF zoning allows for "Civic and Limited Commercial" uses that support the neighborhood. This is a standout for business owners seeking a standalone office hub or a unique live-work setup. NOTE: Buyer must verify current land use and permit status with the City of Renton for intended commercial occupancy or rental. PRIME LOCATION: Seconds from I-405, Sunset Blvd, and The Landing. Enjoy rapid access to Bellevue and Seattle in a sub-market seeing massive redevelopment. Level lot, RMF zoning, and 2022 high-end renovations. Priced competitively for a swift sale.
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Flooring Hardwood, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Renton
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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