Provided by NWMLS, Listed by COMPASS

Active

16596 NE 85th Street

Redmond WA, 98052

$1,375,000


$755.49 per sqft

Active

3 Beds

3 Baths

1,820 sqft

Residential

Built in 2011

Prime Investment in Redmond's Tech Hub! This 7-room, townhome-style unit offers a rare opportunity in Redmond's thriving rental market. The property is steps from the Transit Center and future Downtown Redmond Light Rail. Home to Microsoft, Nintendo, and Honeywell, Redmond's high housing costs drive strong rental demand. Recognized for its sustainable design, this fully stabilized asset is priced below replacement cost, offering positive cash flow from Day 1. With plans to add 2 units and a light upgrade program to boost rents by 24%, this is a premier value-add opportunity in a prime location! Great investment opportunity, fully tenant occupied generating $97,260/year in gross rental income and professionally managed.

2332771

MLS ID

February 14, 2025

Listed

February 17, 2025

Updated

Interior Features

Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Wall to Wall Carpet


Appliances

Microwave(s), Refrigerator(s), Stove(s)/Range(s)


Floor Description

Vinyl Plank, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

90 High Efficiency

Exterior/Building Features

Lot Size

0.04 Acres


Exterior Features

Brick, Wood, Wood Products


Lot Features

Paved


Roof

Composition


Sewer

Sewer Connected

School Information

School District

Lake Washington


High School

Buyer To Verify


Elementary School

Buyer To Verify

Other Property Details

Area Name

550 - Redmond/Carnation


Taxes

$5,726


Tax Frequency

Annually


Association Fee

Not Listed


Garage

Yes


Garage Spaces

2


Parking

Attached Garage


Parking Total

2


View

Yes


View Description

Territorial


County

King


Water Source

Public


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 2/23/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 2/23/2025 at 4:00 AM UTC . 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.

©2025 Northwest Multiple Listing Service all rights reserved.

Data last updated on 2/23/2025 at 4:00 AM UTC 

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