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.
Active
Listed by:
Coleton Pantley,
COMPASS,
Sean McConnell,
COMPASS
$1,599,000
16566 NE 85th Street, Redmond, WA 98052
3beds
2,420sqft
Est.:
Townhouse
Built in 2011
1,781.6 Square Feet Lot
$1,542,000 Zestimate®
$661/sqft
$-- HOA
What's special
Transit center
- 70 days
- on Zillow |
- 225 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: February 17, 2025 at 11:04am
Offers reviewed: Mar 04
Listed by:
Coleton Pantley,
COMPASS,
Sean McConnell,
COMPASS
Source: NWMLS,MLS#: 2332784

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- High Efficiency (Unspecified)
Cooling
- None
Appliances
- Included: Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Features
- Flooring: Vinyl Plank, Carpet, Wall to Wall Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,420
- Total interior livable area: 2,420 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Attached garage spaces: 2
Features
- Levels: Multi/Split
- Has view: Yes
- View description: Territorial
Lot
- Size: 1,781.6 Square Feet
- Topography: Level
Details
- Additional structures: ADU Square Feet: 0
- Parcel number: 6719700263
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Brick, Wood Siding, Wood Products
- Roof: Composition
Condition
- Year built: 2011
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Downtown Redmond
Location
- Region: Redmond
Financial & listing details
- Price per square foot: $661/sqft
- Tax assessed value: $820,000
- Annual tax amount: $6,386
- Offers reviewed: 03/04/2025
- Date on market: 2/14/2025
- Listing terms: Cash Out,Conventional,FHA,VA Loan
- Inclusions: Microwave(s), Refrigerator(s), Stove(s)/Range(s)
- Cumulative days on market: 71 days
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