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1409 Monroe Ave NE Renton, WA 98056

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For Sale
$1,380,000

Three homes on a large lot with redevelopment potential.

Lot size:
0.50 Acres

Property Features for 1409 Monroe Ave NE

General Information

Lot size
0.50 Acres

Source: Berkshire Hathaway Home Services Northwest Real Estate Agent Joseph Ho

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Redevelopment Opportunity in Renton Highlands

This property features three detached single-family homes situated on a 0.5-acre lot. The property currently generates an annual income of $50,400, with the potential to increase to $73,560. Redevelopment permits are in place for the construction of 35 apartments and 5,000 square feet of commercial space. Alternative development options include townhouse condos or a commercial-only configuration. Located in an urban village near Renton Highlands, the area is experiencing growth with upcoming projects that will add 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. This property is located minutes from shopping and dining.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Land

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Renton
County
King
State
Washington
Longitude
-122.174858
Latitude
47.5049349

FAQs

What type of property is this?
Land - Three homes on a large lot with redevelopment potential.
Where is this land located?
The property is located at 1409 Monroe Ave NE Renton, WA.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: - High income potential: Current annual income of $50,400 with potential to reach $73,560.; - Redevelopment opportunity: Permits available for redevelopment into 35 apartments and 5,000 sq ft of commercial space.; - Large lot: Three detached single-family homes on a 1/2-acre lot.
More about this property
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