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Listing Firm: COMPASS: Coleton Pantley

Active
NWMLS # 2332771

$1,375,000

  • 3 Beds
  • 3 Baths
  • 1820 Sq.ft.

16596 NE 85th Street , Redmond, WA 98052

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Aris360 Last Checked: Just Now (May 11, 2025 06:30 AM)

  • Source: NWMLS as Distributed by MLS Grid #2332771

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 85th
  • Zip/Postal Code: 98052
  • City: Redmond

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$3,847 per month
Principal & Interest
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Property Features

  • County
    • Downtown Redmond
  • Community
    • 550 - Redmond/Carnation
  • MLS Area
    • 550 - Redmond/Carnation
  • Longitude
    • -122.119349
  • Latitude
    • 47.677975
  • Directions
    • GPS works well.

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl Plank
    • Carpet
  • Power Production Type
    • Electric
  • Full Baths
    • 3
  • Basement Description
    • None,
  • Appliances
    • Microwave(s)
    • Refrigerator(s)
    • Stove(s)/Range(s)

  • Style
    • 32 - Townhouse
  • Garage Spaces
    • 2
  • Parking Spaces
    • 2
  • Lot Description
    • Paved,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • Wood
    • Wood Products
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 2
  • Buildings
    • Built On Lot
  • Building Total Area (Sq. Ft.)
    • 1858
  • Has View
    • Yes
  • Parking Description
    • Attached Garage,
  • View Description
    • Territorial,
  • Has Garage
    • Yes

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

  • High School District
    • Lake Washington
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Closing,
  • Property Type
    • Residential
  • Property SubType
    • Residential
  • Tax Year
    • 2024
  • Structure Type
    • Townhouse,
  • Tax Amount
    • $5726
  • Year Built
    • 2011
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sun May 11 2025 . 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.

May 11, 2025 06:30 AM