Skip main navigation
Active
  • Listed by: 

    Coleton Pantley,

    COMPASS,

    Sean McConnell,

    COMPASS

    $1,375,000

    16596 NE 85th Street, Redmond, WA 98052

    3beds
    1,820sqft
    : 
    Townhouse
    Built in 2011
    1,860.01 Square Feet Lot
    $1,331,100 Zestimate®
    $755/sqft
    $-- HOA

    What's special

    Transit center
    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.
    70 days
    on Zillow
    |
    479
    |
    8
    |

    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#: 2332771MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 16596 NE 85th Street.

    Next available tour time:Today at 1pm

    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
    • 90%+ High Efficiency
    Cooling
    • None
    Appliances
    • Included: Microwave(s), Refrigerator(s), Stove(s)/Range(s)
    Features
    • Flooring: Vinyl Plank, Carpet, Wall to Wall Carpet
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 1,820
    • Total interior livable area: 1,820 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: 1,860.01 Square Feet
    • Features: Paved
    • Topography: Level
    Details
    • Additional structures: ADU Square Feet: 0
    • Parcel number: 6719700265
    • 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: $755/sqft
    • Tax assessed value: $734,000
    • Annual tax amount: $5,726
    • 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
    • Loading
    • Loading