16518 NE 85th Street, Redmond, WA 98052
- $1,999,500
- 3,976
- SqFt
Listing courtesy of Windermere Real Estate/East.
- List Price
- $1,999,500
- Status
- ACTIVE
- MLS#
- 2551793
- Days on Market
- 16
- Style
- 54 - 4-Plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 3,976
- Area Total SqFt
- 3976
- Annual Tax Ammount
- 17299.43
- Lot Size (sq ft)
- 12,950
- Sewer
- Sewer Connected
Property Description
Downtown Redmond corner-lot fourplex with upside on every front. In-place rents sit below market - immediate value-add. Downtown Edge zoning (up to 4 stories) plus unused treed land add ADU/redevelopment potential; buyer to verify with City. Walk to the NEW light rail station, downtown Redmond, and Bella Bottega shops and theater. Every unit: 2 bed, 1 split bath, versatile storage/mud room/den, in-unit washer/dryer, deck with storage closet, 2 parking spaces (8 total), southern exposure, elevated siting. Income today, optionality tomorrow.
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Additional Information
- List Date
- 2026-07-11 07:04:11
- Community
- Downtown Redmond
- Net Operating Income
- $76,942
- Gross Adjusted Income
- $108,031
- Gross Scheduled Income
- $108,031
- Total Monthly Income
- $9,270
- Insurance Expenses
- $4,137
- Water/Sewer/Garbage Expenses
- $3,110
- Gross Rent Multiplier
- 17.97
- Total Expenses
- $31,089
- Cap Rate
- 3.85
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 16518
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1978
- Roof
- Composition
- Site Features
- Deck
- Electric Expenses
- 43
- Other Expenses
- 6500
- Energy Source
- Electric, Natural Gas
- School District
- Lake Washington
- Elementary School
- Redmond Elem
- Middle School
- Redmond Middle
- High School
- Redmond High
- Total Monthly Income
- $9,270
- Gross Scheduled Income
- $108,031
- Vacancy Rate
- 3
- Gross Adjusted Income
- $108,031
- Tax Year
- 2025
- Insurance Expense
- $4,137
- W/S/G Expenses
- $3,110
- Total Expenses
- $31,089
- Net Operating Income
- $76,942
- Gross Rent Multiplier
- 17.97
- Cap Rate
- 3.85
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.