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16596 NE 85th Street, 
Redmond, WA 98052

$1,375,000

3

Beds

3

Baths

1,820

Sq Ft

Townhouse

Active

Listed by

Coleton Pantley

, 

Sean Mcconnell

Compass

Last updated:

May 14, 2025, 06:53 PM

MLS#

2332771

Source:

NWMLS

About This Home

16596 NE 85th Street

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.

Home Facts

Townhouse

3 Baths

3 Bedrooms

Built in 2011

Price Summary

1,375,000

$755 per Sq. Ft.

MLS #:

2332771

Last Updated:

May 14, 2025, 06:53 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,820 Sq. Ft.

Structure

Structure

Building Area:

1,820 Sq. Ft.

Year Built:

2011

Lot

Lot Size (Sq. Ft):

1,858

Finances & Disclosures

Finances

Price:

$1,375,000

Price per Sq. Ft:

$755 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 6, 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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