16518 NE 85th Street, Redmond, WA 98052
Listed by Farheen Ahmed, Windermere Real Estate/East
$1,999,500
$503 per sq ft
16518 NE 85th Street, Redmond, WA 98052
Redmond, WA, 98052
- Sq ft
- 3,976
- Built
- 1978
- Parking
- 8 spaces
Tour this home
Jeff Reynolds · Managing Broker, Compass
Start with a focused 15-minute call, then tour with a clear due-diligence plan.
- 3,976
- Square feet
- $503
- Per sq ft
- Multi Family
- Type
- 1978
- Year built
- 12,950 sq ft
- Lot
- 31
- Days on market
About this property
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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2551793
- Listed
- July 10, 2026
- Days on market
- 31
- Price per sq ft
- $503
Unit & building
- Building
- REDMOND SHORT PLAT #78-10
- Stories in building
- 2
- Units in building
- 4
Parking
- Total spaces
- 8
Construction
- Year built
- 1978
- Style
- 54 - 4-Plex
- Structure
- Quadruplex
- Roof
- Composition
Heating & cooling
- Heating
- Forced AirWall Furnace
- Cooling
- None
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- VinylVinyl PlankCarpet
Lot
- Lot features
- Corner LotCurbsPavedSidewalkValue In Land
- Lot size
- 12,950 sq ft
Terms
- Terms offered
- CashConventionalFHA
Utilities
- Water
- City of Redmond
- Sewer
- City of Redmond
- Power
- PSE
Schools
- District
- Lake Washington
- Elementary
- Redmond Elem
- Middle
- Redmond Middle
- High
- Redmond High
Listing history
Listed
$1,999,500
July 10, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$11,644
- Principal & interest
- $10,111
- Property tax (est.)
- $1,533
Assumes $399,900 down (20%), a $1,599,600 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 11, 2026 at 7:00 AM PDT. 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.