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Listed by:Berkshire Hathaway HS NW • Martin J. Ho
$ 3,250,000
Est. payment | /mo
0.4 Acres Lot
$ 3,250,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Renton
MLS Listing ID 2550887
Style 40 - Res-Less thn 1 Ac
Annual Tax Amount $20,039
Lot Size 0.396 Acres
Property Sub-Type Land
Property Description
Premier Downtown Renton Development Opportunity – Fully Entitled 72-Unit Multifamily Site on 3-parcel Assemblage. Exceptional opportunity to acquire a premier 17,250sqft (0.40-acre) redevelopment site in the heart of Downtown Renton. Zoned CD (Center Downtown), this shovel-ready development opportunity includes plans for a 72-unit multifamily apartment community, positioning developers to capitalize on one of the Puget Sound region's fastest-growing urban markets. Designed to meet today's rental demand, the proposed project features 56 studio apartments, 14 two-bedroom units, and 2 three-bedroom units, creating an efficient unit mix. Located just steps from transit, restaurants, retail, banks, parks, and everyday amenities, the property offers exceptional walkability and connectivity. Residents will enjoy easy access to major highways, employment centers, schools, healthcare, and regional transit, making this an ideal location for long-term rental demand. The surrounding neighborhood continues to experience significant public and private investment, with new mixed-use and multifamily developments transforming Downtown Renton into one of the Eastside's most dynamic urban centers. With a $45,138 per unit price, this offering presents a rare opportunity to secure a high-density infill development site in a market characterized by limited land availability, strong apartment absorption, and continued population and employment growth.
Location
State WA
County King
Area 340 - Renton/Benson Hill
Interior
Fireplace false
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N No
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Available
Water Available
Schools
School District Renton
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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Zina Ivanoff
Broker | Owner | License ID: 24013372
+1(360) 583-6124 | betterbrokersrealestate@gmail.com