1 day on Rocket
$10,000 Closing Credit¹
#2355237, Nick Southard, Listing Office: Upgrade Realty
$1,375,000 List price
16596 NE 85th St Redmond, WA 98052
$10,000
Closing credit¹
3 beds
3 full
1,820 sqft
0.04 acres
$755 / sqft
House
Property details
About 16596 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 $97,260/year in gross rental income and professionally managed.
Highlights
HeatingHigh Efficiency
StatusActive
Size1,820 sqft
Lot size0.0427 Acres
Year built2011
ParkingAttached Garage
MLS #2332771
Attached garage2 spaces
ViewTerritorial
Summary
- MLS Number: 2332771
- 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.
DMCA Notice
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: 4/5/2025, 11:17:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,375,000
16596 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
| Date | Event | Price |
|---|---|---|
| Jun 02, 2006 | Home Sold | $360,000 |
| Apr 29, 2003 | Home Sold | $346,000 |
| May 12, 1995 | Home Sold | $136,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $1,187,000 | $8,731 |
| 2021 | $831,000 | $7,151 |
| 2020 | $747,000 | $6,956 |
| 2018 | $701,000 | $6,225 |
| 2017 | $638,000 | $6,375 |
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. The most common annual income of people living in Redmond, WA is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
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 16596 NE 85th St
This home is located at 16596 NE 85th St in Redmond, WA and zip code 98052. This 1,820 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 $1,375,000.
In March 2025 more than 44 listings in Redmond, WA were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 15 were sold below. In March 2025 in Redmond, WA there were 27% more homes for sale than in February. In March 2025 median list price was $1,320,200 and the average listing age was 12 days.
From Rocket Homes Real Estate and based on county public records data.