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Property view

17229 NE 40th Street, 
Redmond, WA 98052

$2,172,000

—

Bed

—

Bath

4,160

Sq Ft

Multi-Family

Closed

Listed by

Fred Grunewald

Bought with RE/MAX Eastside Brokers, Inc.

Skyline Properties, Inc.

MLS#

2072269

Source:

NWMLS

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About This Home

17229 NE 40th Street

4plex on large lot, 2 min from Microsoft. Value in land, Excellent development site for 2 luxury homes or long term hold with income stream. Views of Lake Sammamish from upper floor. Zoned R-4, Development site suitable for two large view homes with ADU units. Triplex has some remodel and updating.4th unit is spacious remodeled 2 bedroom/2 bath detached house. Property is well maintained and all systems are functioning and operable. Income producing property can generate $9,020 per month, during lot line adjustment process and approval through the city of Redmond. Highly desirable schools. 2 blocks from waterfront and Idylwood Park, lot is 25, 900 sq feet; 140 x 185, zoned R-4, 1 mile to Microsoft and light rail.

Home Facts

Multi-Family

Built in 1951

Subdivision & Development:

Microsoft

Price Summary

2,350,000

$564 per Sq. Ft.

MLS #:

2072269

Sold:

March 14, 2024

Rooms & Interior

Interior

Living Area:

4,160 Sq. Ft.

Structure

Structure

Building Area:

4,160 Sq. Ft.

Year Built:

1951

Lot

Lot Size (Sq. Ft):

25,900

Finances & Disclosures

Finances

Price:

$2,350,000

Price per Sq. Ft:

$564 per Sq. Ft.

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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 25, 2026. 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 © 2026 MLS GRID. All Rights Reserved.