16566 NE 85th Street

Redmond, WA 98052

  • 3 Bed

  • 3 Bath

  • 2420 SqFt

  • 3 DOM

  • Built: 2011

  • Status: Active

$1,599,000

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16566 NE 85th Street

Redmond 98052

$1599000

  • 3 Bed

  • 3 Bath

  • 2420 SqFt

  • 3 DOM

  • Built: 2011

  • Status: Active

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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