Renton Land Investment
For Sale
$1,300,000
Pending
3401 NE 12th St, Renton, WA 98056
Two adjacent parcels totaling 0.9 acres, zoned for multifamily development.
Property SizeContact for details
Lot Size0.60 Acres
Days on Market312
Property Features for 3401 NE 12th St
General Information
Standard status
Pending
Lot size
0.60 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$8,784
Amenities
Paved
Listing Agency:
MY INTERNATIONAL REAL ESTATE
(425) 900-8169
Listed By:
GIA GUO
Source:
Corcoran
Added: Oct 2, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:06AM
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 MY INTERNATIONAL REAL ESTATE
Investment Insights
Based on property information with market context.
This offering presents a rare investment and development opportunity, featuring two adjacent parcels available for a combined price. The properties, located at 3401 NE 12th St and 1161 Olympia Ave NE in Renton, WA, are identified by parcel numbers 092305-9124 and 092305-9135. The two level lots offer a combined total area of approximately 39000 square feet, which is equivalent to 0.9 acres. Zoned RMF (Residential Multiple Family), the land allows for development of up to 20 units per acre. Utilities are available on site. Currently, there are two rental units on the 1161 Olympia Ave NE parcel. The location is near freeways, dining, shopping, the airport, parks, trails, and the lake. The property is being sold as-is, with the value primarily attributed to the land.
Key Highlights
- RMF Zoning allows for high‑density development up to 20 units per acre.
- Large combined lot size of approximately 39,000 sq ft / 0.9 acre.
- Two adjacent parcels included in the sale.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two adjacent parcels totaling 0.9 acres, zoned for multifamily development.
Where is this residential land & home lot located?
The property is located at 3401 NE 12th St Renton, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: RMF Zoning allows for high‑density development up to 20 units per acre.; Large combined lot size of approximately 39,000 sq ft / 0.9 acre.; Two adjacent parcels included in the sale.
