$10,000 Closing Credit¹
#2324993, Loan Trieu, Listing Office: James & Associates R.E. Inc.
$1,599,000 List price
16566 NE 85th St Redmond, WA 98052
$10,000
Closing credit¹
3 beds
3 full
2,420 sqft
0.04 acres
$661 / sqft
House
Property details
About 16566 NE 85th St
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.
Highlights
HeatingForced Air
StatusActive
Size2,420 sqft
Lot size0.0409 Acres
Year built2011
ParkingAttached Garage
MLS #2332784
Attached garage2 spaces
ViewTerritorial
Summary
- Full Bathrooms: 3
- Flooring Type: Vinyl Plank, Carpet
- Interior: Wall to Wall Carpet
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage
- View: Territorial
- Exterior: Brick, Wood, Wood Products
- Heating: Forced Air
- Cooling: None
- List Price: $1,599,000
- Price/SqFt: $660
- Annual Tax Amount: $9,736
- Tax Year: 2022
- Directions: GPS works well.
- Year Built: 2011
- Living Area: 2,420 SqFt
- Lot Size: 0.0409 Acres
- MLS Number: 2332784
- MLS Name: NWMLS
- Office Name: COMPASS
- Office Phone: (206) 330-0314
- Listing Agent: Coleton Pantley
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
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Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/21/2025, 1:17:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,599,000
16566 NE 85th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $1,324,000 | $9,736 |
| 2021 | $927,000 | $7,975 |
| 2020 | $833,000 | $7,754 |
| 2018 | $797,000 | $7,075 |
| 2017 | $725,000 | $7,243 |
History based on county public records data.
Nearby schools
8
Redmond Elementary School
Public District KG-5
0.3 mi
•16800 NE 80th St
8
Horace Mann Elementary School
Public District KG-5
1.0 mi
•17001 NE 104th Ct
9
Norman Rockwell Elementary School
Public District KG-5
1.5 mi
•11125 162nd Ave NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,726. Most Redmond, WA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
33%
<35k
45%
35k-100k
20%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
9%
Single, with Kids
21%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
37%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Soccer
Continuing Education Courses
Where do the neighbors shop?
Banana Republic
The Container Store
Express/Express For Men
Where do the neighbors go to eat?
Sonic
Starbucks
Qdoba
What do the neighbors drive?
Infiniti
BMW
Volkswagen
What do the neighbors listen to?
Urban Contemporary
Alternative
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 16566 NE 85th St
The listing price of 16566 NE 85th St property is $1,599,000.
The property 16566 NE 85th St is a house located in Redmond, Washington, 98052.
Active Listing: 16566 NE 85th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 16566 NE 85th St are: Redmond Elementary School (GreatSchools Rating 8/10), Horace Mann Elementary School (GreatSchools Rating 8/10), Norman Rockwell Elementary School (GreatSchools Rating 9/10), Redmond Middle School (GreatSchools Rating 7/10), Stella Schola (GreatSchools Rating 9/10), Rose Hill Middle School (GreatSchools Rating 8/10), Redmond High School (GreatSchools Rating 8/10), Lake Washington High School (GreatSchools Rating 8/10), Interlake High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2022 is $9,736 (source: MLS/based on county public records data).
The property at 16566 NE 85th St has 3 bedrooms and 3 bathrooms.
The property 16566 NE 85th St is 2,420 SqFt (source: MLS/tax record).
The year of construction for 16566 NE 85th St is 2011.
This home is located at 16566 NE 85th St in Redmond, WA and zip code 98052. This 2,420 square foot home, which was built in 2011, sits on a 0.04 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 14, 2025 and is currently priced at $1,599,000.
While more than 52 listings in Redmond, WA in April 2025 were sold above asking price, there were more than 14 listings sold at asking price, and more than 23 were sold below. The number of listings in Redmond, WA increased by 21.7% between March and April 2025. Listings spent 19 days on the market in April 2025, and had a median list price of $1,332,784 during the same period.
From Rocket Homes Real Estate and based on county public records data.