16566 NE 85th Street, Redmond, WA 98052 (MLS # 2332784)
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Listing provided courtesy of Northwest MLS; COMPASS
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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 $112,000/year in gross rental income and professionally managed.
| LAST UPDATED | 2/14/2025 | TRACT | Downtown Redmond |
|---|---|---|---|
| YEAR BUILT | 2011 | COMMUNITY | Downtown Redmond |
| GARAGE SPACES | 2.0 | COUNTY | King |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Buyer To Verify |
|---|---|
| Jr. High School | Buyer To Verify |
| High School | Buyer To Verify |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Microwave, Refrigerator |
| AREA | 550 - Redmond/Carnation |
| CONSTRUCTION | Brick, Wood Siding |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric |
| INTERIOR | Wall to Wall Carpet |
| LOT | 1782 sq ft |
| LOT DESCRIPTION | Level |
| MLS STATUS | Active |
| PARKING | Attached |
| STORIES | Split/Multi Level |
| STYLE | 32 - Townhouse |
| SUBDIVISION | Downtown Redmond |
| TAXES | 6386 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2/18/25 3:39 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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