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JRJeff ReynoldsCompass · Seattle

Listed by Lubaba Al-Arab, Keller Williams Eastside

Multi Family
Type
1957
Year built
10,200 sq ft
Lot
101
Days on market

About this property

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.

Location & commute

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Directions

Property details

Listing details

Listing number
#2498022
Listed
April 3, 2026
Days on market
101

Unit & building

Stories in building
1

Parking

Covered spaces
1
Total spaces
5

Construction

Year built
1957
Style
54 - 4-Plex
Structure
Quadruplex
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
Forced Air
Energy source
Electric

Flooring

Flooring
HardwoodCarpet

Lot

Lot size
10,200 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
City of Renton
Sewer
City of Renton
Power
PSE

Schools

District
Renton

What stands out to you?

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  • Quadruplex
  • Composition
  • Baseboard
  • Forced Air
  • Electric
  • Hardwood
  • Carpet
  • Cash
  • Conventional

Listing history

  1. Listed

    $650,000

    April 3, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$3,785

Principal & interest
$3,287
Property tax (est.)
$498

Assumes $130,000 down (20%), a $520,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. 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.