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Duplex on Subdividable Large Lot
For Sale
$1,150,000

2416 NE 16th Street, Renton, WA 98056

Duplex with development potential near schools and amenities.

Property SizeContact for details
Lot Size0.42 Acres
Days on Market491

Property Features for 2416 NE 16th Street

General Information

Standard status Active
Lot size 0.42 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $6,416

Amenities

Paved
Listing Agency: PNW REALTY
Listed By: NICOLE OLIVER · License #140422
Source: Corcoran
Added: Apr 6, 2025 Changed: Aug 8 Last Checked: Jul 16 at 5:57AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PNW REALTY

Investment Insights

Based on property information with market context.

This unique duplex-style house features two separate living quarters, a garage, and a shop, situated on an almost half-acre lot within the city. The property is subdividable and offers potential for an Additional Dwelling Unit (ADU). It may also qualify for HB1110, allowing for the construction of two fourplexes. A 6-inch sewer line is in place to support additional housing. The location provides convenient access to three schools, shops, The Landing, and the Lake Washington boat launch, all within walking distance. This property is suited for developers seeking a project.

Key Highlights

  • Subdividable almost half‑acre lot with ADU potential and possible HB1110 for two 4‑plexes.
  • Two separate living quarters in a duplex‑style house.
  • 6‑inch sewer line suitable for additional housing development.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Hair Salon HVAC Service Real Estate Agency Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

456
Businesses Nearby

Demographics for 98056, WA

36,344
Population
15,609
Households
2.3
Avg Household Size
38
Median Age
44%
College-Educated
88%
High-School Grad
7.6 sq mi
ZIP Area
4,782
Density / Sq Mi
$108,596
Median Household Income
$59,170
Median Earnings
$1,992
Median Rent
$726,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex with development potential near schools and amenities.
Where is this duplex located?
The property is located at 2416 NE 16th Street Renton, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Subdividable almost half‑acre lot with ADU potential and possible HB1110 for two 4‑plexes.; Two separate living quarters in a duplex‑style house.; 6‑inch sewer line suitable for additional housing development.
More about this property
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