16596 NE 85th St

Redmond, WA 98052

$1,375,000
Price
3
Beds
3
Baths
1,820 Sq. Ft.
$755 / Sq. Ft.
1,820
Sq. Ft.
$755
per Sq. Ft.

Description

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...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.

Listing Agents

  1. Coleton Pantley

    Coleton Pantley

    Listing Agent

    Compass

  2. Sean McConnell

    Sean McConnell

    Alternative Listing Agent

    Compass

Property Details for 16596 Northeast 85th Street

Community Name
Downtown Redmond
School District
Lake Washington
View
Territorial
Number of Assigned Spaces
2
Total Covered Parking
2
Offers Review Date
03-04-2025
Entry Date
02-14-2025
Energy Source
Electric
LISTING UPDATED: 02/17/2025 11:04 AM

Property Details for 16596 Northeast 85th Street

StatusActive
MLS #2332771
Days on Market45
Cumulative Days on Market45
Taxes$5,726 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built2011
Lot Size0.04 AC / 1,858 SF
CountyKing County
Buyer's Agent Compensation2.5%

Building Information for 16596 Northeast 85th Street

Stories-Residences-Year Built2011Lot Size0.04 AC / 1,858 SF

Property Information for 16596 Northeast 85th Street

Summary
Location and General Information
  • Style: 32 - Townhouse
  • Building Information: Built On Lot
  • Area: 550 - Redmond/Carnation
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: GPS works well.
  • Property Sub Type: RESI
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
  • Parking Type: Attached Garage, Garage-Attached
  • Open Parking: No
  • Parking Features: Attached Garage
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 3
  • Three Quarter Bathrooms: 0
  • Half Bathrooms: 0
  • Full Baths Lower: 0
  • Full Baths Main: 0
  • Full Baths Upper: 3
  • Three Quarter Baths Lower: 0
  • Three Quarter Baths Main: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Lower: 0
  • Half Baths Main: 0
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Main: 0
  • Bedrooms Upper: 3
  • Bedrooms Lower: 0
  • Bedrooms Possible: 3
  • Master Bedroom Level: Second
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank, Carpet
  • Basement: None
  • Features: Wall to Wall Carpet
  • Room and Floor: Bathroom Full-Second, Bedroom-Second, Primary Bedroom-Second, Living Room-Main, Kitchen With Eating Space-Main
  • Appliances: Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: 90%+ High Efficiency
  • FIRPTA: No
  • Room List: Bathroom Full, Bedroom, Primary Bedroom, Living Room, Kitchen With Eating Space
Exterior Features
  • Exterior: Brick, Wood, Wood Products
  • Roof: Composition
  • Appliances That Stay: Microwave(s),Refrigerator(s),Stove(s)/Range(s)
Property
Utilities
  • Water Source: Public
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Senior Exemption: No
  • Level: Multi/Split
  • Lot Topography: Level
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 15
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 671970-0265
  • Calculated Square Footage: 1820
  • Detached Dwelling SqFt Finished: 0
  • Structure Type: Townhouse
  • Square Footage Finished: 1820
  • Square Footage Unfinished: 0
  • Building Area Total: 1820.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Rental
Rent Information
  • Occupant Type: Tenant
  • Land Lease: No

Property History for 16596 Northeast 85th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16596 Northeast 85th Street

Taxable ValueLand$567,000Additions$167,000Total$734,000
Tax Record2024$5,726 ($477 / month)
Home Facts
Beds3Baths3Total Finished SqFt1,820 SqFtAbove Ground SqFt1,820 SqFtStories3Lot Size1,858 SqFtStyleTownhouseYear Built2011ZoningEHCountyKINGAPN671970-0265

Schools near 16596 Northeast 85th Street

This home is within Lake Washington School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Redmond Elementary School
PublicK to 5

Redmond Middle School
Public6 to 8

Redmond High School
Public9 to 12

Contractual Schools
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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16596 Northeast 85th Street is a townhouse for sale in Redmond, WA 98052. This property was listed for sale on February 14, 2025 by Compass, it's currently listed at $1,375,000. It has been on the market for a total of 45 days and was last sold on May 25, 2006. This listing's school district is Lake Washington School District. Nearby schools include Redmond Elementary School, Redmond Middle School and Redmond High School. 16596 Northeast 85th Street is a 3-bed, 3-bath, 1,820 sqft townhouse built in 2011.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/31/2025 12:46 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.