Renton TOD Townhome Site
1.33 AC HIGH-DENSITY INFILL DEVELOPMENT SITE – TRANSIT-EXEMPT PARKING
Marketing description
The Renton TOD Townhome Site features a 1.33-acre development site in a prime Renton growth corridor, recently upzoned to RMF-2. This designation, combined with the property's location within a 1/2-mile Middle Housing Walkshed, represents the highest tier of residential development potential in the city. The new zoning effectively doubles the standard density to a base of 40 units per net acre, while state-mandated middle housing updates allow for streamlined unit counts and a complete waiver of off-street parking requirements. These combined factors drastically increase the buildable footprint and flexibility for the site.
The 58,065 SF parcel is uniquely positioned to capitalize on the Pacific Northwest's evolving housing laws. By leveraging the zero-parking requirement, a developer can utilize the site's unique geometry to maximize residential square footage that was previously reserved for vehicle circulation. With the ability to employ Unit Lot Subdivisions (P13) for fee-simple townhouse sales and the potential for significant density bonuses, this site offers a rare "plug-and-play" opportunity to deliver high-density housing in a submarket with a strong pricing ceiling and direct access to major regional employment hubs.
Investment highlights
- Recently designated as Residential High Density (RMF-2), allowing for a base density of 40 units per net acre, providing a significant jump in scale.
- Located within the critical 1/2-mile transit walkshed, qualifying the site for zero mandated off-street parking under Washington's Middle Housing Law (HB 1110).
- The elimination of parking requirements allows for creative navigation of the 1.33-acre site's irregular shape, maximizing the 70% lot coverage allowance and usable building area.
- Zoning and "P13" conditions support a variety of high-density products, including Unit Lot Subdivided townhomes, cottage clusters, or stacked flats, catering to the region's diverse housing needs.
- Minutes from the Renton Transit Center and major regional employers including Boeing, Blue Origin, and PACCAR, ensuring a consistent pool of professional tenants and buyers.
- Eligible for Unit Lot Subdivisions, allowing a developer to sell individual units as fee-simple real estate, a high-demand exit strategy for the Renton submarket.
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