18654 NE 55th Street

Redmond, WA 98052

  • 5 Bed

  • 3 Bath

  • 3520 SqFt

  • 1 DOM

  • Built: 1980

  • Status: Active

$1,695,000

X

18654 NE 55th Street

Redmond 98052

$1695000

  • 5 Bed

  • 3 Bath

  • 3520 SqFt

  • 1 DOM

  • Built: 1980

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

This is a rare “live well + build wealth” opportunity on a 19,350 SF lot with Redmond NMF zoning—offering flexibility as a comfortable home today and serious upside over time. So many options. The existing residence is 3,520 SF and lives beautifully, featuring three bedrooms upstairs, vaulted ceilings, and an open great-room floor plan that feels bright, airy, and connected. Downstairs, the lower level has its own separate entrance, making it a natural setup for a rentable unit, guest quarters, or multi-generational living with privacy. What truly sets this property apart is the Redmond NMF (Neighborhood Multifamily) zoning, which supports a wide range of redevelopment paths. With Washington’s evolving housing laws—including HB-1337, which expands the ability to add up to two detached DADUs on many lots without subdivision (subject to local standards, setbacks, utilities, and permitting)—this property can be approached with a strategic “income + appreciation” mindset. Multiple smart options exist: KEEP & OPTIMIZE: Update this structurally solid home, create/upgrade the lower-level rental, and add up to two detached DADUs. REDEVELOP: Start fresh and build townhomes / multifamily consistent with NMF zoning (subject to approvals and feasibility). Alternative concept: Explore a larger building footprint and specialized housing concepts; per city code, an apartment building or even an assisted living facility may be an option (buyer to verify).

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Residence Information

  • 3520

  • 2/Gas

  • 5

  • 2

  • 0

  • 3

  • Composition

  • 12 - 2 Story

  • 1980

  • Daylight

  • Daylight

  • Poured Concrete

Features and Utilities

  • Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

  • Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Loft, Vaulted Ceili

  • Wood

  • Public

  • Sewer Connected

Financial

  • 11129

  • Cash, Conventional, FHA

  • 03-26-2026

Comparable Information

  • 1

  • 1

  • Cash, Conventional, FHA

  • $1,695,000

  • $1,695,000

  • Mar 27, 2026 00:13

Schools

Elementary : Blackwell Elem N/A Ratings
Middle : Inglewood Middl N/A Ratings
High : Eastlake High 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 © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 27, 2026 02:50 | Listing last modified Mar 27, 2026 00:13. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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