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$3,250,000

Active

Listing provided by Martin J. Ho, Berkshire Hathaway HS NW

0

DOM

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About this property.

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.

Property details.

Property TypeLand
Sub TypeLand
Lot Size17,250 sq ft
Lot Acres0.40
Annual Taxes$20,039/year (2026)
FEMA Flood RiskModerate (Zone X)
List Price$3,250,000
MLS StatusActive

Features.

Sewer

Available

Water Source

Available

Utilities

Electricity AvailableNatural Gas Available

Agent information.

List AgentMartin J. Ho
List OfficeBerkshire Hathaway HS NW

Drive time

From this home

Mt. Baker Ski Area

Galbraith Mountain

Village Books

Slothy

Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

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Listed by: Martin J. Ho, Berkshire Hathaway HS NW

Courtesy of Berkshire Hathaway HS NW

Source: NWMLS, MLS#: 2550887NWMLS

NWMLS

Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 07/28/2026, 18:15:14 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Provided by NWMLS as distributed by MLS Grid.

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