16566 NE 85th Street Redmond WA 98052 MLS #NWM2332784
Listing Provided Courtesy of COMPASSPrime 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 $112,000/year in gross rental income and professionally managed.
Property Details
Price:
$1,599,000
MLS #:
NWM2332784
Status:
Active
Beds:
3
Baths:
3
Address:
16566 NE 85th Street
Type:
Single Family
Subtype:
Residential
Subdivision:
Downtown Redmond
Neighborhood:
550 – Redmond/Carnation
City:
Redmond
Listed Date:
Feb 14, 2025
State:
WA
Finished Sq Ft:
2,420
Total Sq Ft:
2,420
ZIP:
98052
Lot Size:
1,782 sqft / 0.04 acres (approx)
Year Built:
2011
Schools
School District:
Lake Washington
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
Interior
Appliances
Microwave(s), Refrigerator(s), Stove(s)/ Range(s)
Bathrooms
3 Full Bathrooms
Cooling
None
Flooring
Vinyl Plank, Carpet
Heating
High Efficiency ( Unspecified)
Exterior
Exterior Features
Brick, Wood, Wood Products
Parking Features
Attached Garage
Parking Spots
2
Roof
Composition
Financial
Tax Year
2024
Taxes
$6,386
Map
Contact Us
Mortgage Calculator
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Listing courtesy of COMPASSThe database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Apr-03-2025 2:55:59 pm. © 2025 NWMLS.
16566 NE 85th Street
Redmond, WA
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