16596 NE 85th Street , Redmond, WA 98052

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.

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PROPERTY DETAILS

Mls Id
2332771
Status
Active
Area
Downtown Redmond
Flooring
Vinyl Plank, Carpet
Total Bedrooms
3
Full Bathrooms
3
Half Bathrooms
0
Total Bathrooms
3
Attached Garage
Yes
Carport
No
City
Redmond
County
King
Exterior Features
Brick, Wood, Wood Products
Fireplace
No
Garage Spaces
2
High School District
Lake Washington
Interior Features
Wall to Wall Carpet
Living Area
1820 Square Feet
Lot Features
Paved
Lot Acres
0.0427
Lot Square Feet
1858
New Construction
No
Parking Features
Attached Garage
Zip Code
98052
Property Type
Residential
Roof
Composition
Sewer
Sewer Connected
Waterfront
No
Water Source
Public
Year Built
2011
Checked For Updates
2025-02-21 23:01:36 PST

Based on information submitted to the MLS GRID as of 2025-02-21 23:01:36 PST. 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.