16596 NE 85th Street
Redmond, WA 98052
- 3 beds
- 3 baths
- 1,820 sqft
- 1,858 sqft lot
- $755 per sqft
- 2011 build
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.
Last checked:
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Last updated Feb 17, 2025
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MLS# 2332771 —
The Building
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Year Built:2011
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New Construction:false
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Building Information:Built On Lot
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Structure Type:Townhouse
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Exterior Features:Brick, Wood, Wood Products
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Roof:Composition
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Basement:None
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Levels:Multi/Split
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Building Area Total:1820
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Building Area Units:Square Feet
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Calculated SqFt:1820
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SqFt Source:Realist
Interior
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Interior Features:Wall to Wall Carpet
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Living Area:1820
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Flooring:Vinyl Plank, Carpet
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Fireplace:false
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Finished SqFt:1820
Financial & Terms
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Possession:Closing
Location
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Latitude:47.677975
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Longitude:-122.119349
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Directions:GPS works well.
The Property
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Property Type:Residential
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Property Subtype:Residential
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Parcel Number:671970-0265
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Lot Features:Paved
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Lot Size Units:Square Feet
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Lot Size Acres:0.0427
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Lot Size SqFt:1858
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Lot Size Source:Realist
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Land Lease:false
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View:Territorial
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View:true
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Waterfront:false
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Topography:Level
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 330-0314
- Office phone:
- (206) 330-0314
Taxes
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Tax Year:2024
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Tax Annual Amount:5726
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
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Bedrooms Upper Level:3
Baths
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Total Baths:3
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Baths:3
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Full Baths:3
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Upper Level Full Baths:3
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:90%+ High Efficiency
Utilities
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Water Source:Public
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Sewer:Sewer Connected
Appliances
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Appliances:Microwave(s), Refrigerator(s), Stove(s)/Range(s)
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Appliances Included:Microwave(s),Refrigerator(s),Stove(s)/Range(s)
Schools
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Elementary School:Buyer To Verify
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Middle Or Junior School:Buyer To Verify
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High School:Buyer To Verify
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High School District:Lake Washington
The Community
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Subdivision Name:Downtown Redmond
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Senior Community:false
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Association:true
Parking
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Parking Total:2
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Parking Features:Attached Garage
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Open Parking:false
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Garage:true
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Garage Spaces:2
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Attached Garage:true
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Carport:false
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Covered Spaces:2
Listing courtesy of NWMLS / COMPASS
Monthly cost estimate
Asking price
$1,375,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,362
|
| Taxes | $477 |
| Insurance | $378 |
| Utilities | $107 See report |
| Total | $8,324/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/14/25
Feb 14, 2025
|
Listed / Active | NWMLS | $1,375,000 |
