About this property

Rare investment opportunity in a prime Redmond location near Kirkland and Bellevue! Silverstone Adult Family Home offers approximately 7,980 SF across three expansive stories on a 13,220 SF lot, combining quality, functionality and investment potential. This substantial property features 14 bedrooms, 3 kitchens, multiple living areas, 3 laundry facilities, and abundant storage. The main level is leased to an established Adult Family Home operator, while the spacious upper level provides additional residential rental income. The finished daylight lower level offers three bedrooms, a full kitchen, living area and separate entrance, with a City-identified pathway to pursue permitting for a second dwelling unit and address. Recent improvements include exterior stucco repairs, fresh exterior paint, concrete tile roof repairs + cleaning, updated main-level heating and A/C, and an expansive main floor Trex deck. A three-car garage, whole-house generator, additional parking, private street and beautifully maintained landscaped grounds complete this exceptional property. Near major Eastside employers, healthcare and amenities. A distinctive opportunity to acquire an established income-producing property with scale, versatility and meaningful future upside. Real estate only; AFH operating business not included. Second dwelling unit subject to permits and approvals.