16566 NE 85th Street

Redmond, WA 98052

  • 3 Bed

  • 3 Bath

  • 2420 SqFt

  • 3 DOM

  • Built: 2011

  • Status: Active

$1,599,000

X

16566 NE 85th Street

Redmond 98052

$1599000

  • 3 Bed

  • 3 Bath

  • 2420 SqFt

  • 3 DOM

  • Built: 2011

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 2420

  • 3

  • 3

  • 0

  • 3

  • Composition

  • 2,

  • 32 - Townhouse

  • 2011

Features and Utilities

  • Microwave(s), Refrigerator(s), Stove(s)/Range(s)

  • Wall to Wall Carpet

  • Brick, Wood, Wood Products

  • Public

  • Sewer Connected

Financial

  • 6386

  • Cash Out, Conventional, FHA, VA Loan

  • 02-14-2025

Comparable Information

  • 3

  • 3

  • Cash Out, Conventional, FHA, VA Loan

  • $1,599,000

  • $1,599,000

  • Feb 17, 2025 19:03

Schools

Elementary : Buyer To Verify N/A Ratings
Middle : Buyer To Verify N/A Ratings
High : Buyer To Verify N/A Ratings

Map

Listing courtesy of COMPASS.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jun 12, 2025 10:10 | Listing last modified Feb 17, 2025 19:03. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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