505 Burnett Ave S Renton, WA 98057

$1,188,000
0.4 acres
Land

Property details

About 505 Burnett Ave S

Attention investors, builders and developers. Rare opportunity to acquire a level 15,600 sqft redevelopment site in the heart of downtown Renton. The property consists of two rental homes on 2 contiguous tax parcels, located just couple of blocks from main business district and rapid transit center, with an excellent 95 walk score. Highly desirable multiunit property is zoned R14, prominently occupies the SW corner of Burnett Ave S & S Fifth St, it borders a paved alley on the third side making this a relatively effortless and decidedly attractive project. Preliminary assessment indicates up to 15 townhomes can be built on this convenient site at the confluence of I-405 & SR 167. Buyers verify all information to their own satisfaction.

Highlights

StatusActive
Lot size0.3581 Acres
MLS #2292125

Summary

  • MLS Number: 2292125
  • MLS Name: NWMLS
  • Office Name: John L. Scott Des Moines
  • Office Phone: (206) 870-8800
  • Listing Agent: Paul Lau

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

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. Properties displayed may be listed or sold by various participants in the MLS.

IDX The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 12:17:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,188,000

505 Burnett Ave S

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Price information

Property sales

DateEventPrice
Jun 29, 2007
Home Sold
$478,000
Jun 15, 2006
Home Sold
$400,000

Tax history

YearAssessmentProperty Tax
2022$502,000$4,942
2021$412,000$4,701
2020$364,000$4,351
2018$322,000$3,757
2017$260,000$3,517

History based on county public records data.

Nearby schools

7

Sartori Elementary School

Public Magnet KG-5

0.8 mi

332 Park Ave N

4

Talbot Hill Elementary School

Public District KG-5

1.2 mi

2300 Talbot Rd S

5

Tiffany Park Elementary School

Public District KG-5

1.6 mi

1601 Lake Youngs Way SE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $31,234. Most Renton, WA residents have annual incomes less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

59%
<35k
31%
35k-100k
10%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

66%
Single, No Kids
14%
Single, with Kids
11%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
5%
12-17 yrs old
26%
18-34 yrs old
43%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • Figure SkatingFigure Skating
  • SoccerSoccer

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Chico'sChico's
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • Bob EvansBob Evans
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • PontiacPontiac
  • OldsmobileOldsmobile
  • MazdaMazda

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • NewsNews
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Renton, WA

About 505 Burnett Ave S

This home is located at 505 Burnett Ave S in Renton, WA and zip code 98057. Features: 0 bathroom. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $1,188,000.

Over 17 listings were sold over their listed price in January 2025 in Renton, WA. In the same period over 41 listings were sold below the listed price and 21 listings were sold for the listed price. The inventory of homes for sale in Renton, WA between December and January 2025 decreased by 4.8%. In January 2025, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $756,370.

From Rocket Homes Real Estate and based on county public records data.

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