PRIME RMF DEVELOPMENT SITE | 4-UNIT POTENTIAL | 2022 TURNKEY RENO Unrivaled investment potential in the heart of the Renton Highlands. Strategically positioned for the forward-thinking developer, 1409 Union Ave NE offers a rare, level ~8,200 SF lot zoned RMF (Residential Multi-Family). Capitalize on Renton’s 2026 density updates with a site primed for a 4-unit project or high-density boutique multi-family stack (Buyer to verify yield and density with City). THE ASSET: Eliminate holding cost headaches. The existing 1,475 SF structure was fully renovated in 2022 with modern laminate flooring, a full contemporary kitchen, and updated systems. This is a turnkey "holding asset" capable of generating immediate rental income while you navigate the entitlement and permitting phase. COMMERCIAL POTENTIAL: The property features 4 dedicated parking spaces and has a long history of professional use. The RMF zoning allows for "Civic and Limited Commercial" uses that support the neighborhood. This is a standout for business owners seeking a standalone office hub or a unique live-work setup. NOTE: Buyer must verify current land use and permit status with the City of Renton for intended commercial occupancy or rental. PRIME LOCATION: Seconds from I-405, Sunset Blvd, and The Landing. Enjoy rapid access to Bellevue and Seattle in a sub-market seeing massive redevelopment. Level lot, RMF zoning, and 2022 high-end renovations. Priced competitively for a swift sale.
130 days
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331
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Zillow last checked:
Listing updated:
Listed by:
Lubaba Al-Arab,
Keller Williams Eastside
Source: NWMLS as distributed by MLS GRID,MLS#: 2498022
Facts & features
Interior
Heating
Baseboard, Electric
Cooling
Forced Air
Features
Flooring: Hardwood, Carpet
Has fireplace: No
Interior area
Total structure area: 0
Property
Parking
Total spaces: 5
Covered spaces: 1
Uncovered spaces: 4
Lot
Size: 10,201 Square Feet
Details
Parcel number: 0423059181
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family
Materials
Wood Products
Foundation: Poured Concrete
Roof: Composition
Condition
Average
Year built: 1957
Major remodel year: 2009
Utilities & green energy
Electric: Company: PSE
Sewer: Sewer Connected, Company: City of Renton
Water: Public, Company: City of Renton
Community & HOA
Community
Subdivision: Renton
Location
Region: Renton
Financial & listing details
Date on market: 4/2/2026
Cumulative days on market: 132 days
Listing terms: Conventional
Estimated market value
Zestimate®
$641,100
Estimated sales range
$609,000 - $673,000
Rent Zestimate®
$2,919/mo
Price history
Date
Event
Price
4/3/2026
Listed for sale
$650,000
Source: NWMLS as distributed by MLS GRID #2498022Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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